Construction cools across Charlotte in 2Q

Plus: Phillips Place up for sale?; Renderings of uptown grocery store; 750+ financial jobs headed here

Today’s Real Estate Whispers is sponsored by LoSo Vending. LoSo Vending provides new vending machines to multi-family communities and businesses throughout Charlotte. Learn more about how we can provide this amenity at your location—at no cost to you! info@losovending.com

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Welcome to another pulse-quickening installment of Charlotte Commercial Real Estate Whispers, our occasional column that takes you inside Charlotte building sales, construction permits and developers’ plans. It offers unrivaled insights and the freshest local real estate information, leaving you tantalized, delighted and eager for more.

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In today’s edition:

1. A detailed look at new construction numbers in the Charlotte region for the 2Q — with more evidence that the gangbusters growth of earlier years is in the rearview mirror

2. Is Phillips Place in SouthPark about to go up for sale? The luxury retail spot was the OG of live-work-play developments in Charlotte when it opened in 1997

3. Who doesn’t love renderings? We’ve got some of a new grocery store envisioned for uptown

4. A round-up of other real-estate tidbits from other reputable sources

Let’s get to it!

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Multifamily and industrial building starts dropped sharply and office projects all but vanished — but retail moved upward driven by suburban demand

New construction in the Charlotte region in the 2Q continued to be slow — with a big drop-off in industrial starts, yet another quiet quarter for office and one of the most sluggish quarters for apartments in the last five years.