Langtree at the Lake is a GO! - Mooresville, NC Real Estate

Langtee at the Lake is a Go! Mooresville, NC Real Estate

Residents of Iredell and Northern Mecklenburg County have been waiting patiently for over a year now on the development of Langtree at the Lake. Road infrastructure has been in place with the addition of a new exit off I-77.

Here is a recent article by the Davidson News that covered the breaking news. Every Broker in the Lake Norman region should be excited by the comments and announcement that vice president Brad Howard stated in the article.

Work could begin this summer on an initial phase of the 300-acre mixed-use Langtree at the Lake development off I-77 Exit 31. The site's developer this week announced a partnership with an Ohio company to begin construction of a section that includes upscale apartments and shops.

Langtree Properties has been working plans for the $800 million project in Mooresville, off I-77 near Lake Norman. Thursday's announcement said Langtree has formed a joint venture with RL West Properties of Toledo, Ohio. The new Langtree Development Co. LLC, would "immediately begin" work on the project.

Langtree Group vice president Brad Howard, said in a press release he thinks the economy is on the rebound, making it a good time to start the project

"This is about Economic Development. Period. The world is ready to begin taking risks again. It has been a difficult road, but our dream is now a reality," Mr. Howard said. "I look forward to local job creation, sales and property tax generation, and most of all I hope this sparks the willingness for others to begin to build again."

Mooresville developer Rick Howard, president of The Langtree Group and Brad's father, said in the press release he was excited about the partnership. "In today's uncharted and challenging economy, I cannot express my thanks and excitement enough to the leadership of the RL West organization for recognizing the opportunity and embracing our vision. I look forward to implementing our dream, Langtree," Mr. Howard said.

Added Barry Rigby, an RL West executive vice president: "This is a community based effort for the benefit of all. We have executed a new chapter in Mooresville's rich history."

Friday's announcement did not mention financing.