Duke Endowment Buys Land In Dilworth

The Duke Endowment will construct a new 30,000-sqft headquarters building on 1.8 acres in the Dilworth community. The site where Frankie's Italian Grille was formerly located was purchased from an affiliate of Crosland company for $4.2 million.

GPS:35.21470,-80.84548
Address:800 East Morehead Street Charlotte, NC 28202

Duke Endowment Plans Move

CATS Buys Eastland Transit Center Land

The Charlotte City Council last week unanimously voted in favor of the Charlotte Area Transit System buying the 1.4 acres for $771,150. That property is currently home to a small community bus station, and CATS wants to stop paying annual land rent. In 2006, CATS spent $2 million building the Eastland Community Transit Center on the mall parking lot. The transit center is a nicely landscaped bus station, with eight shelters and a ticket booth. The center serves two main bus lines, the Albemarle Road Express and Route 9, which runs along Central Avenue and is one of the busiest in the city. It also serves three neighborhood shuttles. CATS has leased the property for $55,000 a year, and the city said the deal will pay for itself in 14 years because it will no longer have to pay rent. Despite the mall's closure in 2010, CATS said more people are getting on buses at the Eastland stop compared with 2007. The city hopes to eventually build a streetcar to the site, though that's unlikely to happen for at least 20 years.

BECO Management Markets Innovation Park

BECO Management of Rockville, MD paid $42-million for 184-acre campus formerly known as Meridian Corporate Center near University City. As part of the re-branding, plans call for spending $30-million on upgrades to the corporate campus.

IBM made a big splash into the Charlotte North Carolina market back in 1979 with the creation of a 1,200-acre campus. In 1994, First Union, now Wells Fargo, bought 155 acres for its own employee campus and Charlotte-Mecklenburg Schools bought nearly 200 acres for a four-school complex. In 2002, Charlotte Corporate Center Acquisition, a limited liability company that included Blackacre Capital Management and other New York investors, bought the 12-building complex for $114 million.

UNC Charlotte Supports Center City Building

A twisted Rubik's cube or a giant stack of books anchor's a planned development by Levine Properties along Brevard from Ninth to Seventh streets. Ultimately, Levine plans to build an urban neighborhood of residences, shops, restaurants, parking decks and a 6-acre park from the UNCC building to Seventh. The architectural firms include James Timberlake of KieranTimberlake of Philadelphia with Gantt Huberman Architects of Charlotte.

UNCC's Center City Building
Address: 320 E. Ninth St.
Size: 12-story, 150,000-sqft
Cost: $50.4-million
Function: home for UNC Charlotte College of Arts + Architecture, MBA and other graduate programs.
Purpose: To better link Charlotte to main UNCC campus, and make the university more accessible to uptown workers.
An uptown twist for UNCC’s image | The Charlotte Observer Newspaper

Electrolux Completes Headquarters Move In Charlotte

Electrolux selected Charlotte, North Carolina as the location of its new North American headquarters back in 2009-December. A global leader in household appliances, it has consolidated a number of its U.S. corporate office operations and support functions. Investing $8.3 million for building changes and equipment property at the former First Charter building at the University Research Park complex located at 10200 David Taylor Drive Charlotte, NC. The 216,000 sqft office facility plans to support the 740 jobs that the company committed to bringing in exchange for economic incentives by state and local governments.