Charlotte Construction Company Potentially Sold to Japanese Conglomerate

Well-known Charlotte construction company potentially sold to Japanese conglomerate | WFAE 90.7 – Charlotte’s NPR News Source

Charlotte, NC: Has one of Charlotte’s biggest and most well-known construction companies been sold to a Japanese conglomerate? That appears to be the case with Rodgers Builders, whose work includes BB&T Ballpark and the Bechtler Museum of Modern Art.

For more, we turn now to Tony Mecia of the Charlotte Ledger Business Newsletter for our segment BizWorthy.

Details of the Potential Sale

Author: HERE News

While there has been no formal announcement or press release, a visit to the website of Kajima Corporation, a Tokyo-based construction conglomerate, reveals the Rodgers Builders logo listed as a subsidiary. Despite the lack of official confirmation, all indications point towards this significant business development.

Implications for Charlotte’s Construction Industry

This potential sale follows a trend of homegrown Charlotte companies being acquired by external entities. The impact of such a sale on the construction landscape could be substantial, especially considering Rodgers Builders’ longstanding presence in the local market.

Foreign Investment Trend

Japanese interest in Charlotte’s business sector is not unprecedented, with previous notable acquisitions like Crescent Communities. The increasing foreign investment in North Carolina, as evidenced by the visit of the Japanese prime minister, signals a broader trend of global economic engagement.

Tax Incentives for Property Redevelopment

The proposed tax incentives for the conversion of the old Duke Energy headquarters into apartments serve as a potential model for rejuvenating unused office spaces in uptown Charlotte. However, differing perspectives from city and county officials may influence the outcome of such incentives.

Artistic Expansion at Former Industrial Site

Blumenthal Arts’ immersive exhibit at the former Pipe and Foundry plant signifies a dual-purpose project, combining temporary artistic expression with the potential for future redevelopment of the industrial site into a mixed-use facility.