Charlotte

Charlotte developer to build 650-home community in Fort Mill, SC

December 11, 2014

(The Charlotte Observer)

Crescent Communities will develop a 550-acre residential community in Fort Mill, S.C. The Charlotte-based company will break ground in the first quarter of 2015 on Masons Bend, which will include 650 houses. Later phases of the project could include apartments and retail.

Bank of North Carolina names new market president

December 11, 2014

(The Charlotte Observer)

Bank of North Carolina named Rob Ellenburg president of its North Carolina southern region, which includes the Charlotte area as well as Buncombe and Henderson counties. He replaces Bill Connolly, who is now chief commercial banking officer. BNC Bancorp, parent company of the High Point-based bank, is the ninth largest bank in the Charlotte region by deposits.

DENR must run tests to prioritize coal-ash cleanup

December 11, 2014

(The News & Observer, Raleigh)

State environmental regulators need to gather more information about possible groundwater contamination at Duke Energy's coal-fired power plants across the state before they can determine which ash ponds first need to be excavated or capped. 

Wells Fargo adding 83 jobs in Charlotte

December 10, 2014

(The Charlotte Observer)

Wells Fargo will create 83 jobs in Charlotte as a result of shifting operations of its legal-processing unit from Philadelphia to Charlotte and Chandler, Ariz. The San Francisco-based bank has added about 1,400 jobs in Charlotte over the past year.

Wells Fargo most valuable U.S. bank ever

December 9, 2014

(The Charlotte Observer)

With a market capitalization of $285.5 billion, Wells Fargo is now the most valuable U.S. bank ever, according to data compiled by Bloomberg based on shares outstanding as of Oct. 31. The San Francisco-based bank's largest employee base is in Charlotte, where it has about 22,100 workers.

American Airlines plans $2B in upgrades

December 9, 2014

(The Charlotte Observer)

American Airlines plans to spend $2 billion to upgrade its planes and hubs, including Charlotte Douglas International Airport. Renovations will include faster kiosks at check-in counters and gates, work stations near gates and new seatback entertainment systems on planes. American, which operates more than 90% of CLT's daily flights, merged with US Airways last December.

Charlotte approves $16M for coliseum upgrades

December 9, 2014

(The Charlotte Observer)

Charlotte City Council approved $16 million in renovations for Bojangles' Coliseum, including $4 million for ice-making equipment, new seats and a new scoreboard for the Charlotte Checkers, the city's minor-league hockey team. The Checkers will move to the east Charlotte coliseum from uptown's Time Warner Cable Arena for the 2015-16 season.

Movement Mortgage reaches employment milestone

December 9, 2014

(The Charlotte Observer)

As the mortgage market continues moving toward home purchasing rather than refinancing, Virginia Beach, Va.-based Movement Mortgage announced it has hired its 1,500th employee. Co-founded in 2008 by ex-Carolina Panther Casey Crawford, the mortgage bank now employs about 200 in Charlotte ("Catching a Break," July).

McCrory, Duke Energy CEO talk coal ash on '60 Minutes'

December 8, 2014

(The Charlotte Observer)

On Sunday's episode of CBS' 60 Minutes, Gov. Pat McCrory questioned Duke Energy's knowledge of potential structural problems at its 32 coal-ash ponds across the state. Duke CEO Lynn Good said the February spill into the Dan River near Eden (cover story, April) was an accident, and that there is no "quick answer" to the ash disposal problem.

Duke Energy CEO to appear on '60 Minutes' Sunday

December 5, 2014

(The Charlotte Observer)

Sunday's episode of the CBS news magazine 60 Minutes will include an interview with Lynn Good in which the Duke Energy CEO talks about how the utility is dealing with coal-ash disposal. The interview, which will air at 7 p.m., was taped in September.
Related:
Contaminated seeps found near Duke Energy plant

Duke may find shortage of contractors to move coal ash

Charlotte seeks to increase uptown retail

December 5, 2014

(The Charlotte Observer)

With the number of residents living in uptown Charlotte approaching 25,000, a local economic-development group is looking for new ways to attract more retail to the area. One idea proposed by Charlotte Center City Partners' director of retail Christopher Hemans is to require new buildings to include first-floor retail.

Dollar General still committed to buying Family Dollar

December 5, 2014

(The Charlotte Observer)

Dollar General reaffirmed on Thursday its commitment to acquire Matthews-based Family Dollar Stores. The Goodlettsville, Tenn.-based retailer reported third-quarter net income of $236.3 million, below analysts' projections. Family Dollar shareholders are scheduled to vote Dec. 23 on a pending acquisition by Chesapeake, Va.-based Dollar Tree.

Charlotte office tower for sale

December 4, 2014

(The Charlotte Observer)

The 20-story 101 Independence Center at Trade and Tryon streets in uptown Charlotte is for sale. Bank of America is the largest tenant in the 565,000-square-foot building, which is owned by KBS and Gramercy Property Trust. A source reports the asking price is $120 million.

Charlotte's Olde Mecklenburg named top brewery tour in US

December 4, 2014

(USA Today)

Olde Mecklenburg Brewery in Charlotte won USA Today's 10Best readers' poll for best brewery tour in the nation. Burlington, Vt.-based Magic Hat Brewing came in second, while Fort Collins, Colo.-based New Belgium Brewing – which broke ground in May on an East Coast brewery in Asheville – was third.

CommunityOne names new market president for Gastonia

December 4, 2014

(The Gaston Gazette)

Charlotte-based CommunityOne Bank tapped Reggie Gaither to be market president and commercial relationship manager for the Gaston County region. Gaither was a relationship manager for Wells Fargo in Charlotte and Gastonia. CommunityOne was formed in 2013 through a merger of Granite Falls-based Bank of Granite and Asheboro-based FNB United Corp.

Charlotte Chamber touts 5,518 new jobs in 2014

December 3, 2014

(The Charlotte Observer)

At its annual meeting Tuesday, the Charlotte Chamber said it has announced 5,518 new jobs and $528 million in capital investments in 2014. Former Wachovia executive Mac Everett received the 2014 Citizen of the Carolinas award for his business, civic and and volunteer contributions.

Lincoln Harris proposes mixed-use development in south Charlotte

December 3, 2014

(The Charlotte Observer)

Charlotte-based developer Lincoln Harris filed a request for a 188-acre parcel along Providence Road in south Charlotte to be rezoned for offices, retail, a public school and up to 500 residential housing units. The former Charlotte Golf Links property – part of the Carolina Trail group – went into foreclosure earlier this year. The land is zoned for single-family residential use; a rezoning hearing will likely be held in early 2015.

Duke Energy to solicit bids for coal-ash management

December 3, 2014

(The Charlotte Observer)

Duke Energy will seek proposals from researchers, universities and other industry specialists for beneficial ways to reuse coal ash. Interested bidders should submit their organization name and contact information to CoalAshReuse@duke-energy.com by Dec. 9. The company will accept proposals through Feb. 6, 2015.

EPA plan draws criticism

December 2, 2014

(The Charlotte Observer)

Charlotte-based Duke Energy and the N.C. Department of Environment and Natural Resources joined other utilities and states in criticizing an Environmental Protection Agency plan to reduce carbon emissions 30% by 2030 compared with 2005 levels. 
Related: Duke Energy names communications chief 

Charlotte Chamber to modernize uptown HQ

December 1, 2014

(The Charlotte Observer)

The Charlotte Chamber will begin renovations at its uptown headquarters in early December. A visitor information center, which operated in a subleased space on the first floor of the building at 330 S. Tryon St., has relocated to the Charlotte Convention Center. Amelie's French Bakery, which also subleased a space in the building, has moved out and it is unclear if the company plans to open a new uptown location. Construction is expected to be completed by April.