📊 Topic

Mixed-use development

1 story · First covered Apr 21, 2026 · Latest Apr 21
Mixed-use development Coverage
Charlotte's 200-Room Office Conversion Is a 5.8 Cap Rate Bet. At Best.

Charlotte's 200-Room Office Conversion Is a 5.8 Cap Rate Bet. At Best.

A New York developer wants to carve 200 hotel rooms and 399 apartments out of a 52-year-old Charlotte office tower with 25% vacancy. The per-key math on the hotel component tells you exactly how much faith they're putting in a market already absorbing 900 new rooms this year.