This along with similar reports in Phoenix and Denver has been telling us what everyone needs to hear. If you want a strong region, there needs to be a range of opportunities for people to live. I feel like part of the reason for this continued construction on housing near transit is not only that its strong in a storm, but rather there is a lot of catching up to do in order to provide the actual product that people want. The market is so saturated with the same dreck, the pendulum swing is going to be long and hard. I hope it goes far to the other side, but I'm not holding my breath.
Development in the Charlotte region has slowed for sure, but real estate analysts say persistent developers are still making things happen.
Look no farther than the Lynx Blue Line, where the Charlotte Apartment Report says 10 communities totaling nearly 3,000 apartments are in various stages of development along the tracks paralleling South Boulevard.
Tuesday, January 6, 2009
On the blue line in Charlotte.