As many of us with offices inhabited by recent transplants from NY know, part of Charlotte's success has been predicated on the continuing demise of Buffalo, NY. Well, an Iraqi developer is hoping to change things around! Check it out: Buffalo's Field of Dreams.
If I were an investor I'd definitely be exploring every nook and cranny of Buffalo...Not because I believe the tide is about to change (I don't think a skyscraper will do the trick), but because I actually do believe in the power of place and the long vision of a community with staying power. It's an opportunity to get in the door in the kind of cool places that are out of reach in most cities.