Within the next few years, Charlotte’s urban core — consisting of Uptown, South End and midtown — will get another 4,866 apartments, 1,246,000 square feet of office, 1,501 hotel rooms and 257,045 square feet of storefronts.
Why it matters: It all adds up to $2.4 billion worth of new construction expected to start or be underway by 2027. Each year, Charlotte Center City Partners tallies this number for its yearly “State of the Center City” report, which it uses to attract employers, investors and developers.
Yes, but: That number does not include an additional $2-plus billion being spent on repositioning and converting existing buildings, from Bank of America Stadium’s $800-plus million renovations to the $250 million transformation of the ex-Duke Energy headquarters to apartments…