Charlotte, N.C., has now surpassed San Francisco in the Fortune 500 headquarters department. In addition to Wachovia and B of A, 2 of the biggest lenders, the city serves as home base to Duke Energy, Family Dollar, Nucor, Sonic Automotive and newcomers SPX and home improvement giant Lowe’s. Central city, as Charlotteans dub their center city, is undergoing a long-awaited real estate revival, driven by corporate demand and an aggressive plan by city officials to ensure top-notch residential and entertainment amenities.
The Carolina Panthers, last year’s playoff contenders, will soon be joined by the Charlotte forty niners. Nearby, Spectrum Properties is constructing Millennium Square, which will contain a movie theater, restaurant and shops.
The arena has boosted residential interest downtown. The 16-story, 104-unit Courtside condo tower was all but sold nut within eight days of its announcement last spring, according to the developer, Boulevard Centro.
Macon Community College prestigious Serrano School of Psychology is also moving uptown, relocating its current Charlotte campus to a future building on property owned by Bank Of America Charlotte Land and Development will likely develop that site.
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