lake norman: Mooresville Agrees To One More Year of 83X
- 05/22/08 05:32 AM
Contrary to the recommendation of the budget committee, Mooresville Town Commissioners have agreed to fund the CATS 83X line for at least one more year. The 83X line runs several times a day between South Iredell/Mooresville and the CATS terminal in Charlotte. However, it relies on subsidies from the Town of Mooresville to meet operating costs. Mooresville's existing contract to help subsidize the line is set to expire, and initial reviews of the Town budget led the Commission's budget committee to recommend not renewing the subsidy agreement. Despite the budget committee's initial reports implying low ridership, word about possible … (0 comments)
lake norman: More Development For Northern Lake Area
- 05/08/08 12:56 AM
A nearly 200 acre lake-front development is underway in Troutman in response to what the developers feel is a high demand for more reasonably priced waterfront lots. River Rock is located near Walnut Tree Rd and Lookout Shoals Dam Rd. The 160-home development has lot sizes starting at one acre and has a layout plan that focuses on a rural feel. Waterfront lots start at $179,000. Roadwork has already begun and construction should start within six months. This development follows on the heels of the establishment of the River Oaks development, a master planned residential community with both golf-focused … (0 comments)
lake norman: Next Big Thing Might Just Be Non-Conventional Self Storage
- 05/07/08 04:03 AM
Doug Smith's column in the Charlotte Observer is a must read for any one looking out for what might be over the horizon in commercial real estate, and today he's looking at the latest incarnation of an ever-growing trend. Many towns and cities in the Charlotte metro region have zoning regulations that prohibit or at least severely restrict the development of traditional self-storage facilities. However, demand for such spaces is steady, due to a variety of factors. Office space, especially in Uptown Charlotte, is scarce, and many businesses have storage needs that challenge their operating budgets if such needs are … (1 comments)
lake norman: Grassroots Support For CATS Express Bus
- 04/29/08 08:56 AM
A group of concerned citizens has started a grass-roots campaign to draw attention to the CATS 83X express bus line which runs several times a day between Mooresville and Charlotte. The Town of Mooresville recently raised questions during their annual budget review about the possibility of no longer subsidizing the route, given the nearly $96,000 price tag. In response, some area citizens have banded together through a website to hopefully convince the Town Commissioners to continue their subsidy of what they say is a popular service. … (0 comments)
lake norman: More Development For Northern Lake Area
- 04/28/08 01:38 AM
A nearly 200 acre lake-front development is underway in Troutman in response to what the developers feel is a high demand for more reasonably priced waterfront lots. River Rock is located near Walnut Tree Rd and Lookout Shoals Dam Rd. The 160-home development has lot sizes starting at one acre and has a layout plan that focuses on a rural feel. Waterfront lots start at $179,000. Roadwork has already begun and construction should start within six months. This development follows on the heels of the establishment of the River Oaks development, a master planned residential community with both golf-focused … (0 comments)
lake norman: Village at Lake Norman Gets Re-Zoning Approval
- 04/24/08 02:15 AM
The massive Village at Lake Norman development planned for Cornelius received the necessary rezoning for the proposed location south of Westmoreland Rd between I-77 and US 21, but major hurdles still remain for the project. In a 3-2 vote Wednesday night (April 23rd), Town of Cornelius commissioners approved the rezoning for the land, but many other approvals will be needed along the way to completion. Complex financing plans for the project will need to be accepted by Mecklenburg County, and the Town of Cornelius has reserved the right to rescind the rezoning if all the financing issues are not to … (0 comments)
lake norman: Still No Decision on Cornelius Project
- 04/23/08 01:35 AM
For the second straight day, Cornelius commissioners delayed voting on the rezoning of land that would allow the go ahead for the proposed Village at Lake Norman development. Commissioners originally extended the Monday meeting in order to discuss the situation further. Commissioner Jim Bensman was unable to attend Tuesday's meeting in person but did participate via phone. The decision was made to delay the final vote until today, Wednesday the 23rd, in order for Bensman to be there in person for the vote. Commissioners are trying to decide if the massive 104 acre development will positively impact the town … (0 comments)
lake norman: Timing May Be A Problem For Massive Cornelius Project Approval
- 04/15/08 05:49 AM
Developers for the mixed-use Village at Lake Norman project proposed for 102 acres in Cornelius are anxious for the Town to approve their rezoning, but the scope of the project has some feeling that more time to decide is warranted. The need for expeditious approval for the rezoning is tied into the road improvements. Developers need the rezoning approval before placing the related road projects on the long-range plan of the Mecklenburg-Union Metropolitan Planning Organization. Some of the funding for the project hinges on being included in this plan. The plan for the Village at Lake Norman includes the widening … (0 comments)
lake norman: Multiple Groups Hosting Candidate Forum Sessions in Mooresville/Statesville Area
- 04/11/08 01:06 AM
With election time drawing nearer, numerous civic and political groups are hosting forums where voters can meet candidates and ask questions before making their final voting decisions. The Iredell Republican Men’s Club Board of Commissioners forum is at 7:30 a.m. Saturday, April12 at Mulligans Restaurant at Fox Den Golf Club (175 Clubhouse Dr in Statesville). The next Republican forum will be at 7 p.m. April 21 in the Board of Commissioners’ room in the county office building at 200 S. Center St in Statesville. The Iredell Democratic Party is hosting a candidates forum from 7-8 p.m. on April 21 … (0 comments)
lake norman: Plenty Of Blame For I-485 Delays
- 04/10/08 01:57 AM
NC DOT officials and project contractor Skanska are each pointing at the other in regards to who is to blame for the lengthy delays in the completion of I-485. Skanksa says that DOT failed to acquire significant portions of the land needed for the construction. While DOT admits that they were not exactly timely in regards to full site preparation, they counter that the issues faced should not have been nearly as severe as Skanska has claimed. A recent Charlotte Observer article reports that the contractor has claimed delays totaling 311 days because of DOT's failure in acquiring land and … (0 comments)
lake norman: Transportation Task Force Considering Hiring For “Leadership Role”
- 04/09/08 07:11 AM
The combined Davidson, Huntersville, Cornelius and Mooresville “Transportation Task Force” feels that an organization, funded by the member towns, needs to be set up to receive funding and direct it towards solving traffic problems in the north Mecklenburg and south Iredell county areas, and that such an organization needs to be led by someone who would not just oversee day-to-day operations, but take on a leadership role to effectively advance the needs of the area. While the notion of the organization was first broached at the Task Force meeting last month, recent discussion has focused on the potential leadership of … (0 comments)
lake norman: Mooresville Downtown Commission Funding Uncertain
- 04/08/08 02:52 AM
The Mooresville Downtown Commission, a non-profit group that works to maintain and sustain the development and character of downtown Mooresville, is asking the Town Commissioners to increase the funding it receives from the town to $60,000, but the town is uncertain of the return on investment. Previously, the Town's contribution to the group has been approximately $45,000 per year. However, with the impending retirement of the long-standing director, the MDC feels that it's necessary to hire “an executive director with experience promoting and revitalizing downtowns”, and add that this individual will be held to the meeting of certain goals in … (0 comments)
lake norman: Freightliner Announces Expected Job Cuts
- 04/07/08 04:14 AM
1,500 workers at the Rowan County Freightliner plant will be laid off in June, a number equal to roughly half of the plant's work force and slightly more than what was expected by some. Freightliner originally planned to make these cuts last April (2007), but held off after striking a deal with the local UAW. The cuts take effect on June 6, when the plant will go to one operating shift instead of two. Freightliner dropped production shifts from three a little over a year ago. According to the NC Employment Security Commission, this set of lay-offs is the largest … (0 comments)
lake norman: Iredell County Commissioners Use New Rezoning Process
- 04/04/08 01:08 AM
Last Tuesday (April 1), Dela Casa Landscaping & Design became the first entity to acquire a re-zoning of property under the new legislative-based process available to Iredell County Commissioners. The 2.75 acre tract off Bethesda Rd where the company wished to place their offices was zoned residential agricultural. In February 2007, Anthony D’Alessandro and Peter Casatelli attempted to get the property re-zoned through the largely judicial process of conditional-use redistricting. They were unsuccessful due largely to overlay of flood zones and the lengthy review process itself inherent in conditional-use redistricting. The decision of the Iredell County commissioners was unanimous … (0 comments)
lake norman: Mooresville Mill Project Deals With Setbacks
- 03/28/08 03:35 AM
The overarching sentiment expressed by the firm behind the Mooresville Mill Project at Thursday night's meeting of residents of the Mill Village was “We're not giving up”. David Rogers, of Rogers & Associates Inc, the development firm working with property owners Cherokee Investment Partners, LLC on the Mooresville Mill Project, was at the regular meeting of the Mooresville Mill Village residents to give an update on the progress of the project, set to redevelop the historic Mill into a retail, residential and commercial mixed-use development. Cherokee Investment Partners bought the mill property after the departure of Burlington Industries. Rogers … (0 comments)
lake norman: CATS North Corridor Extension Project Being Reconsidered
- 03/26/08 03:26 AM
While cost figures remain an issue, some Mooresville Town Commissioners are reportedly re-thinking their attitudes towards the commuter rail line extension to Mt Mourne. New financial data regarding the project seems to be the major reason for the shift in attitude. For ¼ of the price of widening I-77 with an additional lane, the rail line could carry as much traffic and be done at least 8 years sooner. The cost of the North Corridor extension (to Mt Mourne from Davidson) is estimated at $21 million. Mooresville would be expected to provide $15.8 million of that. CATS officials feel that … (0 comments)
lake norman: Questionable Future For Mooresville CATS Line
- 03/25/08 03:22 AM
CATS Express bus 83X, which runs from Mooresville to Charlotte 4 times a day, could cease to exist without extension of the subsidy which expires this coming July 1. The Town of Mooresville's 3 year contract to subsidize the bus route is at an end, and Mooresville commissioners have been advised not to extend another $95,000 to continue the route through the next fiscal year. While overall ridership is down in recent months, the line has shown steady growth in ridership since its inception. Some proponents of the bus line say that the recent temporary drop in ridership is due … (0 comments)
lake norman: Health Care Administration Firm Seeks More Space In Charlotte
- 03/24/08 03:01 AM
Real estate advisory firm The Staubach Company has been contracted by Premier, Inc, to analyze the company's needs and options in the Charlotte area. The company created and owned by 200 hospitals and health systems provides administrative support in the realms of purchasing and care-tracking for its members. Premier says it has no plans to relocate its San Diego headquarters to join the 600 or so employees already in the Charlotte area. Initial projections indicate that the company will be looking for approximately 250,000 sq ft, making this the biggest move in Charlotte commercial real estate in over 3 years. … (0 comments)
lake norman: Westmoreland Rd Exit is Key to Massive Cornelius Project
- 03/19/08 03:57 AM
Cornelius Bromont, LLC, the firm behind the potential Village at Lake Norman project in Cornelius, says in their literature that the project will not be developed if the proposed I-77 interchange at Westmoreland Rd (Exit 27) is not approved. The firm will also require a commitment from the Town of Cornelius and Mecklenburg County that the increased tax revenue from the Village project will go towards offsetting the area infrastructure improvements that are part of the Village plan. These include widening of I-77 from Catawba Ave (Exit 28) to south of Mt Holly-Huntersville Rd and US 21 from Westmoreland to … (0 comments)
lake norman: Real Estate Investment Company Shifts To Charlotte Area
- 03/13/08 04:47 AM
Liberty Property Trust has moved its regional headquarters from High Point to Charlotte. The company, one of the largest property owners in High Point, is shifting its focus in the Carolinas towards multi-tenant warehouse space. As part of the strategy shift, the Philadelphia-based company plans to move its Greenville operations to Charlotte as well.
The move by Liberty is a reflection of their desire to broaden their holdings into a combination of steady and high-growth markets and is indicative of the increasing business presence and commercial real estate market in the greater Charlotte region, including the Mooresville/Statesville area. Business decisions … (1 comments)
Contrary to the recommendation of the budget committee, Mooresville Town Commissioners have agreed to fund the CATS 83X line for at least one more year. ;)
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