The Charlotte metropolitan area offers career options across various sectors: finance, engineering, information technology, law, real estate, and customer service. Housing, electricity, and grocery costs are 14%, 8%, and 6% lower than the national average, respectively, making the city an enticing prospect for families, college students, and retirees. The cost of living in Charlotte is notably lower than the national average. Why is Charlotte so attractive to home buyers and investors? Reasonable Cost of Living Although the pace of home value increase in Charlotte is expected to slow down this year from the 11.8% spike in 2022, the following years look promising. It outshines other burgeoning cities such as Cleveland, Pittsburgh, Dallas, and Nashville. Yet, home prices in desirable neighborhoods remain within range for many families and young professionals.Ī recent forecast by real estate giant Zillow has dubbed Charlotte the most desirable housing market for 2023. The city’s population has significantly grown over the past fifteen years, and demand has led to a steady rise in home prices. With high quality-of-life ratings, a robust local economy, and relatively affordable housing options, Charlotte is emerging as a prime location for real estate investors. Matt is originally from Huntsville, Alabama, and joined the WBTV News team in May of 2017.Charlotte, North Carolina, is truly the Queen City.
Matt Chandler is the Digital Content Manager for WBTV News. This kept the EpiCentre under the same ownership group, leading to Tuesday’s change.ĮpicentreThe now almost vacant EpiCentre has recently been one of the focal points for redevelopment in a rapidly growing and changing Queen City. When the auction finally took place in July, only a couple dozen people came and there were no higher bids than the ownership group set at $95 million. Two months later in May, the EpiCentre was set to go up for auction but was postponed until July due to “good and sufficient cause,” a court document wrote.
On March 15, 2022, a judge issued an order to officially begin the foreclosure. At the time, 30.6% of the EpiCentre was occupied, according to the N.C. The date was set for June 2022 and it was said that property improvements were already underway. Fast-forwarding almost a year to March 2022, the property began foreclosure after an order from a judge.īy August, roughly two-thirds of the shops at the EpiCentre had been shut down, making the destination a virtual ghost town and the future was uncertain.Īfter a few months of no updates, a date for the foreclosure was officially unveiled in December 2021. In June 2021, the owner defaulted on an $85 million loan before the property went into receivership. “It offers a unique destination with new ownership and a new vision that will hopefully attract the finest amenities to the city’s urban core.” “Queen City Quarter will transform the heart of Charlotte’s iconic Uptown into a vibrant corporate and family-friendly hub,” said Compie Newman, managing director of CBRE’s Charlotte office. Ultimately, CBRE Property Management will lead overseeing the management of Queen City Quarter.ĭevelopers are hopeful that all of the changes to the former EpiCentre, which originally opened in 2008, will help the space once again become a sought destination.
Significant repairs to the property's courtyard, parking garage, patios and roof are underway and expected to be complete by the end of 2022. Developers also detail in the announcement that all public staircases and escalators will be renovated, along with new landscaping, lighting, and benches. Next, Queen City Quarter will undergo several “significant” overall repairs, including maintenance to the courtyard, parking garage, patios, and roof expected to be completed by the end of the year.
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