Monday, November 7th

Previous planning studies related to the Downtown include the 2006 Downtown Master Plan and the 2040 Community Plan.  The 2022 Downtown Plan will both update the 2006 Plan and follow adopted 2040 Plan policies and action priorities.  The Plan will be reviewed by the Huntersville Planning Board and eventually considered for adoption by the Huntersville Town Board of Commissioners. 

The most recent public forum was held on October 20th with about 80 people attending.  The presentation links are listed here for your review:

• Final Draft Presentation 1 of 4 (PDF)
• Final Draft Presentation 2 of 4 (PDF)
• Final Draft Presentation 3 of 4 (PDF)
• Final Draft Presentation 4 of 4 (PDF)

Once you have had a chance to view the presentation, please complete the survey which will be open until Monday, October 31st at 5:00 PM. 

For additional details about the plan please visit:

Let's Plan Huntersville

Originally published on October 24, 2022, by Konrad Putzier for The Wall Street Journal.

Hybrid work schedules for most companies mean splitting time between remote work and time in the office. For the startup Frontier Talent Inc., it also means rotating through the same office space with another company.

Originally published on October 11, 2022, by Matt Baron for NAIOP.

When you invest time on the front end of your development efforts, you will reap dividends during its latter stages. Conversely, if you don’t heed the details – political landscape, concerns of residents, requirements of regulatory agencies, and more – then you will pay in stalled or stymied projects.

Originally published on October 19, 2022, for Business Insider.

As the US emerged from the Great Recession, cheap real estate and the rise of e-commerce collided to create a warehousing boom.

Originally published on October 18, 2022, by NAIOP.

The NAIOP CRE Sentiment Index for September 2022 is 47, down from April’s reading of 53. It is at its lowest level since September 2020. This reading suggests that respondents expect unfavorable conditions for commercial real estate over the next 12 months. 

Key Takeaways:

• Respondents expect higher interest rates, higher cap rates, and a decrease in the supply of equity and debt over the next year.
• Their outlook for occupancy rates, face rents, and effective rents are also less optimistic, though they still expect rents to grow.
• Respondents also expect a sharp deterioration in general industry conditions over the next 12 months.
• The only positive development in the September survey is that respondents expect a slower pace of construction cost inflation over the next year.
• Despite a more pessimistic outlook for development conditions, developers plan to maintain recent deal volume over the coming year.
• Most respondents expect to be most active in projects or transactions related to industrial properties over the next year.

View Full Report

Originally published on October 12, 2022, by Matt Baron for NAIOP.

Midway into a panel discussion at CRE.Converge, a quip about the Federal Reserve behaving like a novice teenaged driver – “way too much gas, way too much brake, way too much gas” – drew laughter from many attending the jampacked session. But palpable nervousness tinged those chuckles at the metaphor by moderator Bart Johnson, president, and CRE market head, of Wintrust Bank.

Originally published on October 12, 2022, by Ian P. Murphy for NAIOP.

Pressure to satisfy environmental, social and governance (ESG) goals among companies in the commercial real estate sector has intensified during the COVID-19 pandemic, according to panelists at CRE.Converge.

Originally published on October 12, 2022, by Ed Finkel for NAIOP.

Supply chain, logistics and transportation play a major role in site selection for industrial real estate, which has been disrupted along with many other economic sectors by the COVID-19 pandemic but remains in a strong position overall, said Adam Roth, CCI, SIOR, executive vice president of NAI Hiffman, at CRE:Converge 2022.

Originally published on September 28, 2022, by Dan Berthiaume for Chain Store Age.

Walmart is debuting a proprietary supply chain automation system in its new high-tech fulfillment center.

Originally published in the Fall 2022 Issue of NAIOP's Development Magazine by Plabo J. Quintana.

The modern office is in the midst of a transformation. With most knowledge workers opting out of the traditional five-day-in-office workweek in search of flexibility and hybrid work solutions, the shape, size and focus of the future office is rapidly changing.

Originally published in the Fall 2022 Issue of NAIOP's Development Magazine.

The Morton Salt Company warehouse on Elston Avenue in Chicago once furnished tons of preservative salt for the city’s tanning industry. Today it is itself preserved — a city landmark in the process of rebirth as a concert venue combined with commercial and office space.  

The Transportation, Planning, and Development Committee held its first meeting of the new council term and reviewed its charge and procedures.  Members of the Committee, along with Mayor Pro Tem Braxton Winston who also attended, heard several presentations from planning staff that included:

• Community Area Planning, Alignment, and Rezoning
• UDO Implementation

• Meeting Agenda - October 3, 2022
• Meeting Video - October 3, 2022

Originally published in the Fall 2022 NAIOP Development Magazine by Ron Derven.

Since its founding in Dallas in 1991, Granite Properties has understood the impact of real estate developments on people and communities. That’s why it creates spaces and relationships where people can flourish while supporting local communities.

Inflation is expected to remain around 8% for August according to Bloomberg. While this may be slightly lower than the 8.5% consumer price index recorded in July, the continued rise in inflation from a year ago increases the cost of providing and maintaining government programs and services at the local level. The National League of Cities has reported that cities are using federal pandemic relief funds to address the impact of inflation.

Read More

Originally published on September 20, 2022, by Maria Gatea for NAIOP Blog.

E-commerce provides easy access to goods with the click of a button, filling homes with stuff, stuff and more stuff. Meanwhile, the trendy minimalist lifestyle emphasizes only keeping what is needed and eliminating everything else. Where does the average American end up on the spectrum of goods ownership? As it turns out, among apartment renters, one in five uses self-storage to manage their belongings, at least temporarily.

Originally published by Jenna Glick in the Summer 2022 Issue of NAIOP's Development Magazine.

A new organization aims to simplify the process of procuring real estate suppliers from historically under-represented groups.

The lack of diversity in the commercial real estate industry has been under increased scrutiny for the past few years. Some of the largest companies in global real estate made it a priority, such as Blackstone appointing a global head of diversity, equity and inclusion (DEI) in June 2021 and CBRE hiring a chief responsibility officer in 2020. Cushman & Wakefield named its first chief DEI officer in December 2020, and JLL expanded its internal team dedicated to DEI initiatives.

Originally published in September 2022 by Christopher De Sousa, Ph.D., MCIP, RPP, Professor, School of Urban and Regional Planning, Toronto Metropolitan University for NAIOP.

Former industrial sites and other properties that may be contaminated — commonly called brownfields — can be found across the United States and Canada. Brownfields are often adjacent to well-developed transportation infrastructure, and many are near urban centers. These locational advantages make many brownfields viable targets for redevelopment to new uses, but the costs and risks associated with environmental remediation often make these redevelopment projects impossible without public financial and regulatory support. For this reason, public-private partnerships involving multiple levels of government, nonprofit organizations and private developers have played a prominent role in brownfield redevelopment. Public support for these projects has long been tied to achieving social and economic goals such as increasing employment, revitalizing communities and strengthening local real estate markets. In recent decades, public-private partnerships have also prioritized environmental objectives, from green building design to renewable energy and ecological revitalization.

Originally published by Robert Dunphy in the Summer 2022 NAIOP Development Magazine Issue.

As workers return to offices and shoppers return to stores, new parking strategies may emerge.

The COVID-19 restrictions that began in March 2020 led to business closures and a sharp cutback in personal travel that caused demand for parking to plummet. Except for curbside pickup of retail purchases and carry-out meals, most travelers stayed home and avoided commercial and private parking lots and on-street spaces.

By Linda Strowbridge 

Growing convergence between the retail and distribution sectors could have profound impacts on the commercial real estate industry. As retail and industrial clients adjust to shifts in consumer behavior and the overall economy, CRE professionals will be challenged to change their thinking about how to truly serve their clients. That challenge, however, could also produce innovative real estate products and new opportunities. That’s according to Dustin C. Read, Ph.D./J.D., author of the NAIOP Research Foundation report, “New Places and New Spaces for E-commerce Distribution: Three Strategies Bringing Industrial and Retail Real Estate Closer Together.”

What was the most interesting or significant discovery you made while researching the paper?