Queen City Development: A Skyline Marked by Cranes
There have been few moments in Charlotte’s development history that rival current construction and planning activity
August 14, 2019
- There have been few moments in Charlotte’s development history that rival current construction and planning activity. Office, multi-family, and hospitality projects are transforming suburban submarkets into social destinations and high-class work spaces, while Uptown continues to attract outside companies, residents, and visitors to the Queen City.
- South End has become a culture and entertainment district, Highway 51 / Ballantyne is becoming a suburban-urban node, and the city’s investment in SouthPark will increase walkability and livability in the submarket. With 17 office and multi-family projects under development and 13 projects proposed in Midtown / South End, this submarket will continue to expand, drawing an even more diverse tenant and resident base.
- Transit-oriented development continues to be a theme in Charlotte. While this type of investment began in Midtown / South End and Uptown, suburban submarkets are experiencing similar investments after the completion of the LYNX Blue Line. The University and Plaza Midwood / NoDa submarkets boast a mass of proposed developments set to break ground by 2021. Convenient alternative transportation is increasing value of office and multi-family developments outside the city, increasing investment outside of Charlotte’s CBD.
Source: JLL Research