Skip to main content

Building up the “S”: How Municipalities and Real Estate Developers Can Find Common Ground for Social Equity

August 10, 2021

Sprawled on roughly 40 acres in Charlotte, N.C., The Renaissance is the first Purpose Built Community in the Queen City. Its purpose: be more than a housing option. Developed by Laurel Street Residential in 2016 on behalf of the Charlotte Housing Authority (Now InLivian), The Renaissance offers crad … Continued

Hidden in Plain Sight

January 9, 2018

Mobile homes are a vital but generally unloved part of North Carolina’s affordable housing stock. They come to public attention in times of extreme weather, particularly high winds and floods. Their condition and location make them especially vulnerable to damage, and often their occupants – the eld … Continued

Multiplex in Morganton: The Mimosa Theatre

October 26, 2017

At the corner of Union and Green in Morganton’s historic downtown sits the Marquee Cinemas Mimosa 7 multiplex movie theater. You would be hard-pressed to find a 7-screen first-run downtown movie theater in this day and age in a North Carolina town with a population of about 16,000. You would also be … Continued

How a Mezzanine Loan Can Reduce Equity Requirements, Boost Returns, and Attract Investment to a Redevelopment Project

March 23, 2017

The Parker Building is a two-story, 8,000-SF brick building in downtown Milliganton, NC. The building is subdivided into two small retail tenant spaces, but for the most part it is an empty shell. Despite having been mostly vacant for the last several decades, the building is in good shape.  A recen … Continued

A Little Slice of Heaven: A Primer on Air Rights in Development

March 2, 2017

Common law holds that once person owns a piece of land “it is theirs all the way to Heaven.” In a modern development environment, however, the transfer of air rights—fee simple title to a three dimensional space located at a precisely defined location—between owners is becoming increasingly common. … Continued

New Report Highlights Public-Private Partnerships

December 8, 2016

The Urban Land Institute (ULI) recently published an updated guide to Public-Private Partnerships (P3s) that introduces their varied forms, their utility to both the public and private sectors, and examples of successful P3s from around the county. The report offers insights to local government staf … Continued

Public-Private Partnerships: Universities & Private Developers

February 11, 2016

University enrollments are at an historic high and an increased student population requires that universities grow in other areas as well, such as housing and facilities. In recent years, universities have been partnering with private developers to advise and help them manage this growth. Previous p … Continued

How a Local Government Loan Can Make a Revitalization Project Possible

September 4, 2015

An historic manufacturing building in the town of Sunrise, North Carolina, is in disrepair. There are holes in the roof, standing water in the basement. Residents treasure the 3,500 square foot building and public officials want to see it redeveloped and contribute to the revitalization of their his … Continued

DFI Case Study: Attracting Private Investment for the Redevelopment of a Downtown Parking Deck

August 20, 2015

The City of Wilmington, North Carolina, hired the Development Finance Initiative (DFI) in 2013 to conduct a pre-development process for the Water Street Parking Deck. The parking deck is an aging public parking facility prominently located in the city’s historic downtown on the Cape Fear riverfront. … Continued

Redevelopment Case Studies of Victorian-Era Psychiatric Facilities

May 28, 2015

Earlier this month, a post on CED in NC provided an overview of the redevelopment of Victorian-era psychiatric facilities.  Many historic psychiatric institutions throughout the country have closed, leaving large, architecturally significant buildings on vast campuses behind. The redevelopment of th … Continued