Author: Win Coleman
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The Grounds Megasite
Our take: This is an established site that has attracted development on the Northaastern side of Charlotte along I-85. The megasite continues to attract warehouse and manufacturing, increasing the population of cities such as Concord and Kannapolis. The Grounds Megasite, formerly known as the Philip Morris plant, is a significant industrial property located in Concord,…
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International Logistics Park
Our take: This certified shovel-ready site is located 18 miles Northwest of the Port of Wilmington and less than 10 miles from Wilmington International Airport, near I-74 and I-40. Occupation of this site would increase demand for housing and retail in the nearby cities of Wilmington, Leland, Delco, Sandy Creek, and Castle Hayne. The International…
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The Chatham-Siler City Megasite
Our take: This manufacturing-oriented site is in the center among Greensboro, Raleigh/Durham, Asheboro, Burlington and Fayetteville. A new industrial employer at this site would increase demand for housing and retail in the surrounding smaller cities such as: Siler City, Burlington, Pittsboro, and Liberty. The Chatham-Siler City Advanced Manufacturing Site (CAM Site) is a significant industrial…
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Slight Decline in Raleigh Apartment Vacancy
Raleigh’s apartment market is experiencing a slight shift as vacancy rates decline for the first time in nearly three years. After reaching a record high of 12.6% earlier this year, the vacancy rate fell to 11.9% in the second quarter, indicating a continue surge in demand that outpaced new supply for the first time since…