ULI Charlotte News

RECAP – Talking About NoDa

August 6th’s Talking About NoDa — fittingly held at The Evening Muse — featured a panel of speakers who addressed completed and planned residential and commercial development, the City of Charlotte’s role in the projects and the critical tie in to the CATS expansion. Walking tours of NoDa Mills and Crescent Communities’ site followed the program.

Key takeaways:
  • The City of Charlotte’s investment in NoDa is much more than the Blue Line Extension, including the planned Cross-Charlotte Trail and affordable housing units at NoDa Mills.  They are also considering the relocation of the AC&W rail line that travels through the neighborhood.
  • Lat Purser & Associates was one of the first apartment developers in NoDa in the mid-2000’s, with two small infill “niche” projects that tested demand at premium rents.  Although both projects have performed well, Lat Purser is not pursuing new opportunities in NoDa due to the influx of larger apartment communities.
  • The Blue Line Extension should be open in early 2017.  There is a big emphasis on public art along the line, including decorative walls.  It is the City’s goal to attract new development while preserving NoDa’s historic character.
  • Crescent Resources is planning approximately 340 apartments at the 36th Street Station, with a possible direct connection to the platform.  The project also includes retail along 36th Street and a parking garage that will include spaces for retail customers.  The retail component is being marketed for sale to potential developers.
Moderator:

Rob Cochran – DTZ

Speakers:

Todd DeLong – City of Charlotte (Mecklenburg Mills)
Jack Levinson – Lat Purser & Associates (The Davy)
Michael Tubridy – Crescent Communities (Crescent NoDa)
Tina Votaw – CATS

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