June 04, 2021
Hello, Friday. It's Michael.
- Today's weather: 86° and isolated thunderstorms.
🎂 Happy birthday to Axios Charlotte members Makele Medhane, Laura Lynn Roth, Bernadette Scali and Lisa Strause Levinson.
🚨 Our real estate writer Brianna Crane and first-time homebuyer specialist Jeff Clay will discuss this crazy market at our virtual Axios Charlotte members event today. 12:30-1pm. Members received an invite this week.
Today's Smart Brevity count is 1,053 words, a 4-minute read.
1 big thing: Gen Z's moving in
Better hurry, millennials: Gen Z has entered the home-buying game. And Charlotte is the No. 2 market in the U.S. for them to settle in, according to Better Mortgage data provided to Axios' Brianna Crane.
Why it matters: Charlotte's good at attracting young people, and these new numbers indicate that's not stopping with millennials.
Context: Millennials are now in their mid-20s to late-30s (born between 1981 and 1996). The oldest Gen-Zers are in their early 20s (born between 1997 and 2012).
The state of play: Better Mortgage application volume shows more Gen-Z homebuyers here than any other East Coast city. Nationally, we ranked No. 2, just behind Houston.
- The rest of the top five: Seattle, Austin, Denver.
The big picture: Millennials still make up most of Charlotte homebuyers, but Gen-Z Better Mortgage applications are up 124% this year.
- Who's buying: The typical Gen-Z buyer has a credit score of 727 with a total monthly income of $7,640, Better Mortgage reports.
Of note: Charlotte is also the fourth-most popular destination for Gen-X homebuyers, who will probably read this story and think, "Society, man."
2. Charlotte's first outdoor cycle studio opens Saturday
A group of former Flywheel instructors is opening SkyCYCLE on the rooftop of the Dilworth Crossing building on Park Road on Saturday.
- You can reserve a spot through SweatNET, via SkyCYCLE’s website, Axios' Katie Peralta Soloff reports.
- They’re offering drop-in classes only right now for $25 each.
Why it matters: The studio is an example of the local fitness industry adapting beyond the pandemic. Jen Dufresne and other Flywheel instructors lost jobs when the company filed for bankruptcy last year.
Now hiring: 10 new job openings
🔥 Hot and fresh from our Job Board.
- Marketing/HR assistant at Hubert Whitlock Builders, Inc.
- Marketing coordinator at Queen City Audio Video & Appliances.
- Marketing and publicity manager at Blumenthal Performing Arts.
- Executive director administration at Myers Park Presbyterian Church.
- Office manager, human resources at Queens University of Charlotte.
- Performance marketing manager at Caring.com.
- Ticketing configuration/client support specialist at Blumenthal Performing Arts.
- Associate attorney at Gallivan White Boyd.
- Individual giving manager at Girls on the Run International.
- Digital media manager at Resolution.
Want more opportunities? Check out our Job Board.
Hiring? Post a job.
3. Charlotte companies on Fortune 500 list
Eight Charlotte companies made the new Fortune 500 list, the same number as last year, Katie writes.
- Bank of America (29)
- Lowe's (31)
- Honeywell (94)
- Truist (119)
- Duke Energy (126)
- Nucor (149)
- Sonic Automotive (308)
- Brighthouse Financial (353)
Why it matters: Jobs. Growth. Corporate investments locally. Reasons for our economic development leaders to flex at their next convention.
- For a city its size, Charlotte fares well on the list. By comparison, Austin has two Fortune 500 companies, as does Raleigh. Nashville has five, and Denver has ten.
- Minneapolis, meanwhile, boasts 16. (OK, fine, but we're gonna get that NBA Rookie of the Year here.)
The big picture: Our eight companies on the list generated $394 billion, led by Bank of America's $94 billion. For perspective, here's what $394 billion will get you in Charlotte:
- 🏡 947,000 basic homes, at the area's most recent average list price of $416,042.
- 🛶 1.8 billion annual passes to the Whitewater Center, at $219 each.
- 🍗 52.5 billion quarter-chicken dark meals at Price's Chicken Coop, at $7.50 each. (Beware here, though: if my math works out, this many meals from Price's equates to approximately one trillion "well, actually" people telling you the better fried chicken is at the gas station across the street).
4. Hot homes on the market right now
Some of y'all have asked us to spotlight a few more townhomes.
- Well, here's one Bri found at 1929 Abbott St., in the heart of South End, for $595,000. It's about 1,700 square feet and packed with three bedrooms, four baths (two half), and a designer kitchen.
This week's other homes include a $440K ranch in Madison Park and a camera-friendly $1.47M home in Cotswold.
Explore a beer trail through NoDa this weekend
NoDa's beer scene is booming and we can't think of a better way to spend a Saturday than exploring all those breweries.
The Charlotte Regional Visitor's Authority even took the liberty of planning out a route for you. The NoDa Beer Trail passes through all the best spots and is easy to complete on foot (though a little help from a Lime or Bird scooter wouldn't hurt).
- You'll start at Birdsong and end up at Divine Barrel Brewing or NoDa Brewing Company (pick your own adventure!).
Check out the full trail. Pro tip: you can even load the route into Google Maps.
5. What to see, do and eat in Cornelius
Cornelius is where Charlotte folks go when they want to get out of town without getting way out of town.
The Lake Norman community is only 12 square miles but has 54 miles of shoreline jutting in and out. It's an ideal place to spend a day. Here's a few ideas from Axios' Symphony Webber's big list.
- Dock for lunch at Hello, Sailor.
- Walk and picnic at Jetton Park.
- Dine by the water at Port City Club.
- Grab ice cream at Carolina Cones.
6. Photo of the day: Immersive Van Gogh
Axios' Paige Hopkins joined other local media folks yesterday at a preview of the Immersive Van Gogh exhibit that opens June 17.
- Judging from her photos on our Instagram, she had a good time.
The loop (we're keeping you in it)
🌀 News you can use from our super cool, very important Axios Charlotte partners.
- Happy 100th birthday to Lowe's. 🎉 To celebrate, they've launched a "100 Hometowns" initiative to help fund renovation and restoration projects in 100 communities nationwide.
- Presented by Blumenthal Performing Arts, the Immersive Van Gogh Exhibit will feature 500,000 cubic feet of monumental projections at Camp North End from June 17 to September 12. After a sold-out run in Toronto, you'll want to snag your tickets ASAP ($40+ for adults, $25+ for children age 6-16).
7. Speed reads: Catch up quick
🤝 Meet U.S. Senate candidate Erica Smith today as she launches her 100-county tour of the state. She'll be at Coordinates Coffee at 11:30am, and at Black Food Truck between 4-6:45pm.
🎙 Mick Mixon, the longtime voice of the Panthers, will retire after this upcoming season with the Panthers Radio Network. (Panthers)
8. 1 good thing: The aunties' potato salad
Three elderly sisters were standing around at a Memorial Day cookout, fretting over potato salad. A fourth sister, the youngest, likes to bring potato salad with shrimp in it.
- This has been a source of great family angst for about ten years, says Ramona Holloway, the daughter of one of the women, Louise "Wheezy" Glover.
- So this time, Holloway, a local celeb and co-host of Charlotte's Matt and Ramona in the Mornings Show on 107.9, took a video and posted it to TikTok with the caption: "Look at the concern on Wheezy's face."
- The video of the whispering potato salad aunties went viral, and now millions have seen it.
Why it matters: Holloway has put a face to caregiving in Charlotte for years, posting heartfelt messages and videos about her and Wheezy, who has dementia. Wheezy's sister on the left side of the video, Linell Walker, does, too.
- Holloway tells me that seeing the video take off "brought such joy to the family at a time when we need the laugh."
What they're saying: Writer Jemele Hill tweeted, "I consider this a PSA for the generation now trying to assume the cooking duties at the family gatherings. Tread carefully. The Aunties will completely gather you."
- And Bernice King, youngest child of Martin Luther King Jr. : "I shared this morning, but I want to get back to these beautiful elders and their sincere concern about the potato salad."
For more: Holloway offered her cookout etiquette over on Mix 107.9's website
Events to keep on your radar
📅 Stay busy with things to do from our Event Board.
- Grand Opening at Devil’s Logic Brewing today through Sunday: Expect limited release beers, live music, food, merch giveaways, and a Sunday Brunch and Beermosa menu. Free.
- Lenny Boy Fest with MAKRS Society at Lenny Boy Brewing tomorrow: Expect live music, multiple food trucks and 25+ local makers and vendors. Free.
- MS in Talent & Organization Development Information Session with Queens University next Wednesday: Learn how this newly redesigned program will help you build talent, foster a diverse and inclusive workplace, lead change and build a strategic vision for your organization. Free.
- Shipmestyle Summer Promotion this summer: Your stylist will collaborate with you and your budget to create three fully styled looks. $100.
Want more things to do? Check out our Event Board.
Hosting? Purchase an Event Listing.
- Thank you all for reading.