In 2007, when the economy started to flounder, the city was busy opening the doors to a new opportunity, the Lynx Blue Line. (Photo illustration by Clayton Sealey/CLT Development)įour major events have contributed to Charlotte’s comeback in the commercial real estate industry, as well as on the national stage: Pretty in pink: There were 30 buildings of 12 stories or higher completed or that started construction in the 2010s in uptown Charlotte. Now, those tough days of 10 years ago seem to be in the distant past, with cranes and orange construction barrels all over the city. We kept landing corporate headquarters, added jobs and continued drawing people: The city’s population grew by more than 140,000 residents in the decade, a surge of 20%. Eventually, it was sold on auction to Northwood Ravin and converted to apartments.Ĭharlotte comeback: In the decade of the 2010s, though, Charlotte found its way back. Vue Charlotte, the 51-floor residential tower on 5th and Pine streets - today thought of as a successful luxury apartment tower - was largely dark, with only 16 of 409 condo units closing in the end. Duke Energy Center, originally imagined for Wachovia, was near completion, a reminder of the good times of the aughts. We thought our time as “the new New South city” might be over.Ĭharlotte was reeling from a global recession, a year after losing Wachovia - a bank whose home had been in North Carolina for 130 years - to San Francisco. At the beginning of 2010, times were dark.
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