Rolling Stones front man Mick Jagger was spotted last night at of of Charlotte’s most legendary and unique bars – the Thirsty Beaver Saloon.

The dive-bar has become nationally famous for refusing to sell out to developers and now being almost comically surrounded by towering apartment complexes (it’s even been ranked the #1 dive bar in North Carolina).

This morning, Mick Jagger posted a photo while drinking a beer just outside of Plaza Midwood Saloon with the caption, “Out and about last night in Charlotte, NC”.

Out and about last night in Charlotte, NC pic.twitter.com/BWssvivAII

— Mick Jagger (@MickJagger) September 30, 2021

Jagger was last seen performing on stage in St. Louis this past Sunday, a performance he will be repeating live in Charlotte tonight for what will likely become his last Carolina concert of his career.

Thanks St. Louis for a great night! pic.twitter.com/eQauxqXsla

— Mick Jagger (@MickJagger) September 27, 2021

You can still buy tickets to tonight’s Rolling Stones Concert at the Bank of America Stadium here.

This month, the national rent index jumped another 2.1%, with rents now up by a total of 15% since this time last year. Rent growth has cooled slightly from its July peak, but we’re still seeing significant price gains at a time when seasonality in the market normally causes a dip in rents, according to ApartmentList.com’s latest report.

Rents are still increasing in nearly all of the nation’s 100 largest cities, but with Boise, ID and Spokane, WA marking notable exceptions where rents dipped this month. These markets have seen some of the nation’s fastest growing rents over the past year, but it appears that they may have hit their peaks. Among the 100 largest cities, there are now just 5 remaining where rents are still below pre-pandemic levels.

• Rents in Charlotte increased 2.9% month-over-month, compared to 2.1% nationally. Month-over-month growth in Charlotte ranks #28 among the nation’s 100 largest cities.
• Year-over-year rent growth in Charlotte currently stands at 20.1%, compared to -2.5% at this time last year.
• Median rents in Charlotte currently stand at $1282 for a 1-bedroom apartment and $1433 for a two-bedroom.

Charlotte’s own Corning Optical has just announced plans to invest over $150 million and create 200 new jobs with an average salary of $55,000 in the Charlotte region.

The investment will significantly increase the operational capacity in Corning’s Hickory plant.

“As we celebrate Manufacturing Week in our state, it’s exciting to see a global manufacturer like Corning expand yet again in a great rural county like Catawba,” said Governor Cooper. “Corning understands North Carolina’s strengths as a business location, thanks to their firsthand experience with our skilled workforce, customized training programs and great quality of life.”

When businesses continue to expand in our state, it's a sign of our skilled workforce and great quality of life. Corning's expansion is exciting news for Catawba County and our state.https://t.co/51hktxQx2a

— Governor Roy Cooper (@NC_Governor) September 28, 2021

Corning’s Optical Communications business currently operates manufacturing facilities in Hickory, Newton and Winston-Salem, optical fiber facilities in Wilmington and Concord, and has its headquarters in Charlotte.

Charlotte’s own Crescent Communities has just announced plans to invest over $1 billion in a new build-to-rent community concept in major sun belt cities. Their first project will be in Charleston, followed closely by a large-scale development in Charlotte.

“Single-family build-to-rent allows Crescent Communities to be a part of the solution to the tremendous under-supply of rental housing in the U.S., and this partnership enables us to develop more than 3,000 new rental homes,” said Tony Chen, Managing Director of Crescent Communities’ new HARMON brand.

The first community will consist of 109 townhomes, located 25 miles from downtown Charleston in the town of Moncks Corner, SC, and will be called ‘HARMON Foxbank’. Construction is slated to begin in October 2021 with first units available to rent in early 2022.

Here in Charlotte, the company is planning a 300-townhome HARMON development either in Ballantyne, north Charlotte, or Gastonia, according to Chen. They hope to break ground on the Charlotte community sometime next year.

According to a press release from the company, they hope to give “a gateway opportunity to owning homes in great neighborhoods” and are promised to offer “privacy, extra space, and sense of community pride – without the friction of homeownership.”

What do you think about the new build-to-rent concept? 

A Florida developer and a California real estate firm are about to break ground on a massive $165 million 23-story mid-rise tower on East Blvd., directly in front of the East/West lightrail station. When finished, it will become South End’s only Class-A office tower directly on the light rail.

“South End is a prime location for employers looking to attract and retain talent in Charlotte, and we, along with our partners at Shorenstein, look forward to delivering a world-class project to this dynamic neighborhood,” said Justin Siemens, President of Stiles Carolinas.

Stiles and Shorenstein Properties’ new “110 East” tower will feature a total of 370,000-square-feet w/ 11,000 square feet of restaurants and retail on the ground level.

 

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A post shared by Stiles (@stilescre)

Stiles partner in the project, Shorenstein properties, is also involved in the redevelopment of Camp North End, a 76-acre site featuring creative office, retail and industrial space, and they also recently acquired a 450,000-square-foot commercial office property at 6800 Solectron Drive in University City.

What do you think about the new development? 

Finding an affordable city to buy a home in is already a challenge these days, so adding other factors, like weather, into the mix is likely to make things even more difficult.

To see if mild weather and affordable housing can still be a matched in major cities, the website Property Shark ranked U.S. cities with populations greater than 150K based on housing expenses and how comfortable their climates were.

They found that North Carolina is the top choice for mild year-round weather and affordable housing, with 3 NC cities making it into the top 5.

Key takeaways:

• Charlotte and Raleigh ranked #1 and #2 in our top as the best options for homeowners looking for affordability and mild weather.
• The two North Carolina cities register fewer uncomfortably hot days per year than most cities in the top, as well as moderate numbers of days with freezing temperatures.
• With a median income of almost $63K and a median home sale price of $298K, Charlotte residents need to budget around 29% of their earnings for monthly housing payments.
• Raleigh is a more economical option compared to Charlotte, as homebuyers here are looking at an affordability index of 21% – the median income here is $67K against a $230K median home sale price.
• Ranking #5 in the top 20, Greensboro is one of the best options for gentle summers out of the batch, with an affordability index of 23%.

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