CAROLINAS MARKET AT A GLANCE
Top retailers that entered the market in 1999-2000

AC Moore - Concord Mills, Hickory, Winston-Salem and Wilmington, NC; 20,000 square feet each

BJ's Wholesale Club - Pineville, NC; 200,000 square feet

Cost Plus World Market- Carolina Pavilion, Pineville, SC; 25,000 square feet

Costco - Highway 51/ Highway 74, Matthews, NC; I-77/Tyvola, Charlotte, NC; 200,000 square feet

Ross Dress For Less - reviewing various North Carolina markets for 2000/2001 entry

Top restaurants that entered the market in 1999-2000

Palamino - upscale steakhouse in Charlotte, 8,000 square feet 

Alabama Grill - country music dinner shows at Concord Mills, 10,000 square feet 

Capitol Grill - upscale steak/seafood restaurant in uptown Charlotte, 8,000 square feet

Jack in the Box - quick-service restaurant with various Charlotte locations, 2,500 square feet 

Bulwinkles - Myrtle Beach

Top corporate entries and expansions in 1999-2000
1999 NationsBank merger/acquisition with Bank of America pulls headquarters out of San Francisco to maintain national headquarters in Charlotte.

Notable office/retail/industrial projects
Concord Mills - Concord, NC; 1.7 million square foot value- and entertainment-oriented center developed by The Mills Corporation opened

Birkdale Village - Huntersville, NC; urban village development by Crosland

Consumers Square - Mooresville, NC; Benderson Development, Wal-Mart and multi-screen cinema

Matthews Marketplace - Matthews, NC; 400,000-square-foot project from Crosland 

Manchester Village - Rock Hill, NC; Target and multi-screen theater under development by Collett and Associates

Vacancy factor for each property type (Charlotte)
retail: 7%
office: 13.5%
industrial: 7.7%

Development Buzz
Charlotte, North Carolina - plans are underway to expand Southpark Mall to include Nordstrom and Sak's Fifth Avenue. Existing anchors include Belk, Dillard's, Sears and Hechts.

Raleigh, North Carolina - AAC is developing 850 acres for a mixed-use development near the Raleigh-Durham International Airport.