The Rose Report
Spring | 2021
News & Events

Kathleen Rose lead a panel discussion for the 2021 ULI Carolinas Meeting March 3. The topic was "Managing Through Crisis" and featured discussion about how community leaders and planners can navigate issues such as civil unrest, elections, a pandemic and climate change all while planning for continued population growth. Speakers included Ken Bowers, Deputy Planning and Development Director with the city of Raleigh, Don Bryson, Principal with VHB, and Debra Campbell, Asheville City Manager.

_____

Is the mall dead? Kathleen Rose provided evidence showing that no, malls aren't dead but they won't look or function the same in the future, during a panel discussion sponsored by ULI Charlotte. Rose moderated the April 15 discussion about the future of retail in an omnichannel world, part of ULI Charlotte's Coffee Talk.

_____

Add this to your calendar: May 9 -15 is Economic Development Week. The event was created to increase awareness of local programs that create jobs, advance career development opportunities, and improve communities' quality of life. Learn more about the event or download this toolkit, a great resource for communities and leaders.

Advisory Project Updates

Statesville, NC - Rose teamed with Clarion Associates in updating the City of Statesville Comprehensive Land Use Plan. Rose provided real estate and land economics services to inform the plan, which is currently being drafted. The growth and expansion of Charlotte region and Statesville's strategic location at the intersection of Interstates 77 and 40 provide opportunities for growth and job creation.
_____

Cornelius, NC - Developer Shaw Resources has been named to implement the site plan created by Rose Associates and our partner Cole Jenest & Stone. The 10-acre mixed-use project, called Sefton Park, will include residential units, commercial space, a hotel, a conference center and nearly 4 acres of open space. The Lake Norman Economic Development Corp. and the town of Cornelius retained Rose Associates to create two small area plans along the West Catawba Avenue corridor. As a result of the work, a local landowner proceeded with recommendations and set the stage for Sefton Park to become reality.
_____

Asheville, NC - Rose Associates provided market analysis, development strategy and land economics for two transportation-led studies in Asheville.

Rose Associates teamed with Stantec on the Hendersonville Road Corridor Study. This 5.4-mile corridor is a five-lane configuration with sidewalks in some sections and fixed-route transit service that faces increased traffic congestion. The study examined the roadway and is proposing strategies relating to congestion, pedestrian and cyclist safety and connectivity along and across the road.

For the other study, Rose Associates teamed up with VHB to study the Biltmore Avenue and McDowell Street Corridor. The study is looking at changes to better serve motorists, bicyclists, pedestrians and transit riders.

yellow-tulip-field.jpg
Welcome to the Spring 2021 issue of the Rose Report. You can expect to see more of us in the future. Starting with this issue, we plan to publish quarterly, a move fueled by the growing activity we are fortunate to be experiencing in the Carolinas.
Rose Associates Expands Brokerage Services

Rose Associates is excited to share that it has expanded its brokerage division.

Rose Associates has provided real estate, land use and economic development advisory services for public and private sector clients since 1999. President and CEO Kathleen Rose said the company had heard from past and present clients who needed brokerage services and preferred to work with a local expert.

"Our private sector clients wanted an experienced team who best understood local market dynamics, particularly land acquisition and entitlements," Rose said. "Our work over the years with public entities and municipalities positions us to best assist these clients.”

Daniel Bellot, who has worked at Rose Associates as an analyst for five years, will head the Brokerage Division. While he serves all of North Carolina, he will focus on the rapidly growing Lake Norman area.

Rose Associates' Brokerage Division has sold or leased $10 million worth of property during the last 12 months.
“The speed at which we listed and sold to cash buyers is proof of the strength of the Lake Norman market," Bellot said. "We're excited to offer our unparalleled commercial real estate expertise to our clients as we help them with their brokerage and site selection needs."
SOLD !!
Commercial Real Estate Updates

LeafSpring School is under construction! Rose Associates represented the buyers in the site selection, entitlement process and the purchase of this site for a new LeafSpring School in Cornelius on Highway 21 at Bailey Road - a unique concept that includes two buildings for children ages 3 - 15. The construction will be complete this summer and a fall 2021 opening is expected.
_____

Rose Associates represented seller J.E. Freeze, LLC, in the sale of 120 A South Village Lane, a commercially leased investment condominium that is part of South Main Square in Davidson. The property sold within two weeks, closed within 30 days and traded at a cap rate of 6.37 percent.
_____

Rose Associates represented seller The Business Center @ South Main Square in the sale of 442 South Main Street in Davidson. This commercial condo contained a 23 unit key-man executive office suite. The property, which included the real estate and business sold within two weeks, and closed within 30 days with an all-cash offer.
_____

Rose Associates represented seller Urban Organic I, LLC in the sale of a retail parcel with four buildings at South Main Square in Davidson. The property was sold to a private equity group.
_____

Rose Associates represented landlord Urban Organic I, LLC in the lease of 1,500 SF at 428 C South Main Street in Davidson to Honeysuckle Home.


Contact Daniel Bellot at (704) 896-0094 for more information on Commercial Brokerage Services: Leasing/Site Selection/Acquisitions/Entitlements
Where's Daniel? (Hint: Look for snow.)
COVID-19 turned real estate virtual, but Daniel Bellot was reminded of the value physical outdoor spaces can bring to a community
Pre-pandemic, Daniel Bellot, Market Analyst and Vice President of Brokerage, had planned to spend last year traveling in his converted van, exploring communities to see what made their economies tick. He does market research for consulting advisory projects the team was working on. We call him our secret shopper for attracting Millennials.

During the pandemic, Daniel hit the road this winter with his snowboard and visited southeastern ski resorts, including Sugar Mountain in North Carolina and Snowshoe Mountain Resort in West Virginia. There, he found proof of the value of outdoor space and activities.

Cities worldwide are maximizing public spaces and catering to businesses that offer outdoor activities. (Read our article in the Fall/Winter 2020 Rose Report about how experiential placemaking and tourism is the new frontier of economic development.)

"The resorts said they had their best season ever because of the great weather and the demand for outdoor activity," Daniel said. "Everything was packed. Including the breweries and wineries nearby. It is all about outdoors and experiences. This shows that if you have a fun asset it will be a draw, even during a pandemic."

Where will Daniel travel to next? HINT: Harnett County, NC. Watch for more on this project in the Summer Issue!
Rose Associates | Rose Associates provides real estate, land use and economic development advisory services to public, private and institutional clients throughout the Southeast.