Developer suspends bold condo project

This appeared in today's Charlotte Observer. The jest of the article is that perhaps this project was to ambitious given that it had such a high concentration of million dollar units.

40-story One Charlotte was to begin construction this summer
DOUG SMITH

Portman Holdings, citing an uncertain economy, is postponing development of One Charlotte, a high-end, 40-story condo tower planned uptown next to the Westin Charlotte...

Further down the page Emma Littlejohn, of the Littlejohn Group, gives a "thumbs up" to the Uptown market. I agree with her. With so many price points and projects to choose from Charlotte's Uptown housing market is still going strong. Charlotte's center city is a great place to call home.

The uptown market seems OK, she said, because some of the largest projects have secured financing and developers are offering a range of prices for a variety of buyers.