Posted by: Roby Robertson | March 9, 2008

Lake Norman Real Estate: Hot Spots for Construction

Hot spots for Construction around Lake Norman!

Growth is the name of the game in the Charlotte region, but it’s particularly true around Lake Norman.

The Lake Norman area continues to grow due to the amenities of the lake, the schools and, outside Mecklenburg County, for lower taxes.

And the growth won’t stop — at least not anytime soon.

One of the big trends is mixed-use developments, which can combine residential, retail and office space on one site. Government planners like them because they encourage people to live, work and play in one area, which can reduce traffic.

Here are a few places you could be seeing construction for a while.  These aren’t the only hot spots, but they’re a few of the biggies.

• Langtree at the Lake: An $800 million hotel, condo, retail and office complex slated for the northwest, northeast and southwest quadrants of the new Exit 32 off Interstate 77, which is under construction. Includes a 12-story Embassy Suites, a golf course and a yacht club. The first phases of this Mooresville project are expected to be finished by spring-summer 2009.

• Sherrills Ford: Big changes may be afoot for the community on the west shore of Lake Norman in Catawba County. Various developers have projects planned that will need county approval. One project at N.C. 150 and Slanting Bridge Road is a “village center” with up to 577,000 square-feet of retail and office space, up to 350 homes, a YMCA and a medical center. Another project known as Key Harbor would put up to 1,500 -homes on 700 acres off Island Point, Raccoon Track and Azalea roads.

• Bryton:A nearly $1 billion mixed-use proposal including 1 million square feet of retail, 1.2 million square feet of offices and flex-warehouse space, multifamily housing and single-family homes built around a commuter rail station on 430 acres, just north of I-485 in Huntersville. The project’s viability depends on Mecklenburg County successfully borrowing $30 million to relocate a rail line through Bryton and make other transportation improvements.

• Mooresville Mills: A $150 million mixed-use project on 39 acres at the town’s former cotton mill. The work will combine restoration of existing buildings and new construction to create an “urban village” of shops, residences, live-work units and offices. This downtown revitalization project depends on a successful public-private partnership between the developers, the town and Iredell County.

• Exit 45 project: A 900-acre mixed-use development on the east side of I-77 between Exits 45 and 49a in Statesville. The as-yet-unnamed project is slated to include a “Birkdale-like” shopping center; about 2,800-3,300 residences, many of them reserved for active adults; and 275 acres of greenways. The developer has said the first phase of construction could start by the end of the year.

• Village at Lake Norman:The proposed Cornelius retail center would include three department stores, 284 condos above stores lining a central green, a high-end grocery store, and a full-service hotel and conference center. With 900,000 square feet of retail planned, the proposal includes three times the shopping space of Birkdale Village in Huntersville. The project likely depends on a public-private partnership to build a new I-77 exit at Westmoreland Road. The Cornelius Town Board must approve this project before it can go forward.

The widening of Brawley School Road is also an important move in the Mooresville area.  The Brawley Peninsula is home of some of the most beautiful areas on Lake Norman.  However, the notorious 2 lane Brawley School Road continues to frustrate.  With the start of the widening project, commercial land is not available and sure to be a hot spot for new development soon.  It will also make residents of the Peninsula very happy! 

Check out these other posts to assist you.

Davidson Another Wonderful Lake Norman Town

Huntersville, Lake Norman’s Progressive Family Town  

On the West Side of Lake Norman, Denver NC

Cornelius is a Lake Norman Town Gone from Mills to Upscale Shops  

Lake Norman’s Best Kept Secret, Sherrills Ford 

 For more information contact Your Lake Norman Agent at 704 451 7051.

Source of some of this information was the Charlotte Observer.

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