Siemens Expands in Charlotte- $135M Expansion is Another Big Energy Get for Charlotte
Siemens, an international leader in energy, has been in Charlotte for more than a decade and yesterday announced a $135M expansion to its Westinghouse Rd facility, creating over 800 jobs in the next 5 years. This will more than double the size of Siemens in Charlotte-already the German company’s largest installation in the US- they will be manufacturing turbines and generators for nuclear and steam power plants, making Siemens a key player in the US energy future.
Siemens expanison is on top of a $50 M 75000 sf expanison begun in November. It is now just one of many major energy companies, Duke Energy and the Shaw Energy Group are the largest players so far. This expansion will make Siemens the largest manufacturer in Charlotte. This is good news for Charlotte’s desire to become an energy hub.
In Real Estate News
February Home Sales Prices up from February 2009 with the number of houses, condos and townhouses up 3.6% from our local board of Realtors- and their median ome price rose 4.6%. I’ll look at actual square foot increases next week over at Charlotte Real Estate
Realty Trac announced a 6% increase in foreclosure filings, the smallest increase in more than 40 months. These are primarily unemployment related foreclosures.
The Relocations are back… so far we will move 6 families in the first half of the year to Charlotte- these are all moves by choice to Charlotte. Cost of living and the quality of life are the most often cited reasons. Vistit Terry’s sister site to Search for Charlotte Homes for Sale