commerical real estate: Augustalee Development Cornelius, NC is a "dead" deal - Cornelius NC News
- 07/29/10 08:47 AM
Augustalee Development that was scheduled to be developed in Cornelius, NC is now a "dead" issue.
I first started writing about the Augustalee over a year ago when Josh and Walt Rector, the principals behind Bromont.announced plans for Augustalee. It came with much fanfare, promising to build retail and office space, two hotels and 400 luxury condominium.
Unfortunately, Fifth Third Bank foreclosed on the site of the proposed Augustalee development, and local officials say the continuing economic slump all but dooms any chance for the massive center and its accompanying road improvements.
"It is dead," one official said this week, "simply because … (0 comments)
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Augustalee Development that was scheduled to be developed in Cornelius, NC is now a "dead" issue.
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