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The following is a list of the best deals in the Uptown. Some of these properties are foreclosures. Others are just plain old fashioned good deals. Finding the right property at the right price is what I help my buyers do. If you would like to get information about any of these listings, please contact me. ***
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 The Boulevard Company has announced their plans to build three condominiums in Uptown and SouthEnd. There are three sites that will be home to two different products designed to target first-time buyers. They will be offering 2BR flats in Uptown and SouthEnd starting at $150k and 3BR townhomes in SouthEnd starting at $250k. These projects are designed to sell quickly and to be built in a timely fashion. Construction should take less than 6 months once construction begins. |
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One of the only residential condominiums that continues construction through this economy, Vue Charlotte, has just opened a model. Although construction is still progressing on the building, private tours of a finished model provide the first look at the finished product that will be Vue Charlotte. As the tallest condominium in Southeast, Vue Charlotte will provide the most amenities in the most luxurious building in the Uptown.
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 The Centro Cityworks 184-unit development called Quarterside will be converted to apartments. Located in the First Ward of Uptown on the corner of 7th and McDowell, this brand new development was constructed as condos but will be leased out to and managed by Crosland LLC, The community, which was announced 30 months ago, was initially developed as condominiums but the changing economony and the financial markets prevented the development from closing the units as condos.
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 In one of the slowest markets Charlotte has seen in decades, there is a developer who is bullish about the real estate market. The owner of the Fourth Ward Square Apartments is planning to convert the apartments into condos while offering them at a price that is impossible to beat Uptown. This apartment to condo conversion offers the tri-fecta of real estate with an affordable price, in a great Uptown location, and 100% financing. These homes will undergo a full make-over from floor to ceiling and will offer the latest finishes with a cool modern design. The exterior of these homes will also receive a face lift with new windows, repainting of the exterior, as well as some additional brick accents. The parking lot will be resurfaced and there will also be a full renovation of the pool and club room. The majority of the one-bedroom homes are priced from $116k-$155k and two-bedroom homes are priced from $229k-$254k
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Construction continues throughout the Uptown while we await the passing of the financial storm that has been the focus of so much attention over the last 6 months. There are both commercial and residential developments under construction throughout this period of uncertainty. I recently took a bike ride around the Uptown to allow myself the perspective of seeing construction from places that you normally wouldn’t go in a car or even on foot. The number of projects in the works is something especially amazing during these times. Here is a quick update on some of the latest from these construction projects.
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This is the first Uptown blog article in a long time. I figure that it would provide a quick update as to how things are going in the real estate market here in the Uptown. The 4th quarter of 2008 will likely go down in history as one of the worst economic quarters in decades. Things went so poorly in the stock market, job market, and real estate market that people said it smelled more like a fish market than anything else. The onslaught of bad news in the media was like a wave that left many fighting from being swept to sea. The result of this was an unusually slow quarter in the market. In fact, the 4th quarter of 2008 was one of the slowest periods the Uptown has seen in several years.
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