The Iron District will break ground next year. Rendering: Courtesy of Charlotte Pipe and Foundry
🚧 Trinity Partners and Foundry Commercial will market and lease the office and retail, respectively, for the Iron District development at the edge of South End, according to an update Charlotte Pipe and Foundry shared with Axios.
Initial plans call for 150,000 square feet of Class A office and 100,000 square feet of retail space, plus up to 500 residential units.
🛒 After speculation last year, a Trader Joe's spokesperson confirmed to Axios the grocer has plans to open a store in Matthews but has not confirmed a location or timeline.
🔑 University City's 28269 ZIP code wins for the most new listings (338) in Mecklenburg County in the first quarter, with an average list price of $386,866. (CBJ🔐)
Huntersville's 28078 ZIP code ranked second for most listings (337) — but had a notably higher average list price: $615,965.
🏘 Saussy Burbank tells Axios it's breaking ground on its first 13 homes in The River District this spring. Prices start at $795,000 for the approximately 2,500 to 3,000-square-foot homes.
🛝 "More than two dozen" companies have discussed naming rights and related investments in the Symphony Park revamp, and "several are actively considering" six- and seven-figure commitments. (CBJ 🔐)
🔆 HSP US, a subsidiary of German-based Trench Group, is opening its first American plant in Charlotte, where it will manufacture bushings, a component in high-voltage power transformers, according to a city press release.
