2014 A Big Year for Charlotte NC
Charlotte’s Three Big Gets for 2014
Charlotte is brimming with excitement as growth, employment and investment accelerated through the year. Lets look at the biggest of the big, the three top stories for Charlotte in 2014.
Recession Over, Recovery Over, Table Set for an Amazing 2015
The cranes are back in Uptown, Southend is exploding, employment has passed pre- recession levels and 2014 saw the biggest declared investments in over 8 years, more than $500 Million. Charlotte is a pro-business town in a pro-business state and nothing, nothing is more important than the underlying strength of our local economy, and the optimism that comes with it.
It all starts with new jobs. AvidXchange is adding 630 jobs and building a headquarters at the NC Music Factory, Spectra Group is bring 250 tech jobs here, and Sealed Air’s Headquarters, Charlotte’s 8th Fortune 500 company, has 1262 new jobs or coming in 2015. It’s estimated that Charlotte added 55,000 jobs in 2014 and stands at 5.8% Unemployment, down from a peak of 12% in 2010.
New office building development and construction is BACK! Spectrum Properties broke ground in December on the 25 story 300 S Tryon and a 25 story building on top of the Westin Parking deck, with only one anchor tenant is on the books for a 2015 start.
Mecklenburg County passed the 1M mark in population some time mid year, and local real estate reflects it with over 9000 new multifamily units delivered, and another 5000 on the way in 2015, Charlotte is building for a future.
Baseball Returns to The Queen City At BB& T Park | Romare Bearden Park Opens Next Door
Energy! Great cities have great places people want to visit. Charlotte added two such places in 2014.
The Charlotte Knights, after a 7 year struggle, finally moved Uptown to the new BB & T stadium. Opening to a sell out, the first of many, the Knight’s went on to lead the international league in attendance in 2014, with an average attendance of 9700 people, the 10,000 seat stadium was not only the new hotspot uptown, it was frequently sold out as they went from last to first in the 16 team International League.
Romare Bearden Park
Named for the artist Romare Bearden, the new park (adjacent to BB and T Stadium) officially opened in 2013, but its first summer season was 2014 with free concerts in the park throughout the summer. Jazz, food trucks and large crowds made for many relaxing evenings for Charlotte’s city dwellers.
These two additions might have something to do with 2 new towers announce to overlook the two parks, a 33 story apartment building at 3rd and Poplar and a 30 story office building, 300 S Tryon
Sealed Air Moving its Headquarters to Charlotte NC
Fortune 500 Sealed Air announced they were moving their headquarters from Elmwood Park NJ to Charlotte NC in a move that will bring in excess of 1200 jobs to Charlotte, the largest ever such move. The average pay will be in excess on $119,000 as they move three divisional headquarters from Saddlebrook, NJ; Danbury, CT; Racine, WI; and Greenville, SC. Sealed Air is the 8th Fortune 500 company to find a home in the greater Charlotte area, and will build the largest most expensive headquarter campus to date.
The Lynx Blue Line extension to UNCC began in earnest in 2014. When complete in 2017 this will fulfill a long held vision to connect UNCC with Uptown. A 25 minute train ride will connect UNCC with Southend.
Levine Properties has begun developing First Ward with its long awaited park next to the UNCC building. Really the last frontier in Charlotte, Levine’s over 24 acres has been viewed with speculation for year.s Hilton just announced a joint venture on a new hotel, more to come in 2016
Bank of America reached a final settlement of 16.7 Billion dollar in August with Federal regulators over the bad mortgages made by Countrywide, and their stock went up! B of A has been generating profits, and 2015 looks bright, and this settlement did 2 things. In the annals of business history, Bank of America made the biggest blunder ever world wide when it bought Countrywide. WORST DEAL EVER! But it also freed up Charlotte’s largest firm to move forward.
From Hoboken to Charlotte
South BLVD Market Report
Terrific Condo on Queens Blvd in Myers Park