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City agrees to sell uptown land to apartment developer

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Cedar Street has scored nearly $75 million in debt financing for a 342-unit office-to-apartments conversion in Uptown, one of several multifamily projects in Chicago developer’s construction.

The city of Charlotte has agreed to sell a nearly 4-acre empty piece of land to developer Pollack Shores Development for $12.2 million, an agreement that could bring hundreds of new apartments uptown.

A clause in that lease stated that the apartment ownership could terminate the lease at any time by giving him 30 days’ notice. After Jonathan had been living there for 5 months, he received a notice that the lease was being terminated and he had to move out within 30 days because the owners were selling the apartments to a mall development.

City considers sale of land to developer at discount. The city is considering selling an alley at a deep discount to a local developer who would later sell the land to a city nonprofit to build an apartment complex downtown. City Council will vote on today whether sell a .2-acre alley at the corner of Broadway and Jones Avenue to Liberty.

Perhaps most memorably, the building once housed a George Webb restaurant. Now it houses Shop of Angels and a small gallery. Owner Bob Gleason agreed to sell the city the property for $109,000.

On Thursday, the savannah city council will consider a developer’s plan. 255-unit apartment complex on the site. The mayor and aldermen had previously approved a deal to sell adjoining city.

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When Mecklenburg County commissioners agreed to sell 17 acres in uptown Charlotte, county leaders made a bold promise. They said they would transform a vacant building, a little-used park, an aging office tower and parking lots in the former Brooklyn neighborhood into a bustling business district with offices, hotels, big-box stores and more than 1,000 apartments and condos.

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Developer Flaherty & Collins Properties is asking approval for a building with 228 luxury apartments as well as 7,852 square feet of street-level retail. The eight-story garage would offer 324 parking.

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When Mecklenburg County commissioners agreed to sell 17 acres in uptown Charlotte, county leaders made a bold promise.