At least two successful Lake Norman restaurant operators plan to open eateries in the first phase of Langtree at the Lake where retail lease rates are exceeding Birkdale Village in Huntersville.
Robert McCrary, owner of The Egg at Davidson, will be opening a traditional Italian restaurant called Caprese in Phase I of the billion-dollar Langtree development.
Brothers Keith Caminiti and Vincent Caminiti, who own New York style pizzerias in Mooresville, Cornelius, Denver, and south Charlotte, will open a Neapolitan style eatery featuring artisan pizzas baked in wood burning pizza ovens.
They’re well-known for Brooklyn Boys in Mooresville and Brooklyn South in Cornelius.
Lease rates are in the $30 a square foot range — the priciest retail neighborhood in Lake Norman, according to Tom McMahon, of Sperry Van Ness Commercial Real Estate Advisors in Cornelius. Posh Birkdale Village rates are in the $26 a foot range, he said.
“We believe [Langtree] is the Charlotte area’s most exciting project to date with its highway exposure, boat access and the potential of its synergy. My brother and I felt very strongly about Langtree’s potential from its inception and that is why we were one of the first to sign a lease,” Vincent Caminiti said. The brothers haven’t picked a name for the new eatery, which will be decidedly upscale.
Barry Rigby
So far, the retail space in Phase I — some 50,000 square feet — is 70 percent leased.
Barry Rigby, executive vice president of RL West Properties, the developer of Langtree, has more leases in hand for Phase I. A total of 800,000 square feet of rental apartments and other amenities will drive customers into the stores and restaurants.
Confirmed Phase I tenants include Orchid Nail Salon, Vanilla Sky Ice Cream, Hibachi Express and Sushi, Wild Wing Café, Broad River Coffee Co. and David Beth and Co., a day spa.
Still in negotiation: BoneHeads. The upscale restaurant chain has eateries in Memphis, Atlanta, Lake Forest, Ca. and on Rea Road in Charlotte.
RL West Properties, which took over from Langtree’s original father-son developers, Rick Howard and Brad Howard, will move its headquarters from Ohio to the new “Gateway Building” in Langtree. The 11,000 square foot building will also house a Shell gas station, Marco’s Pizza and a carry out food store.
Rigby plans a dignitary-packed groundbreaking ceremony Sept. 20 at the Langtree site off of I-77 exit 31 in Mooresville. This time, it’s for real.
This 58-acre portion of the Langtree development is currently under construction. Phase I will include
seven buildings with retail and residential space plus the “Gateway Building” which will house
RL West’s new headquarters.
The massive mixed-used project stumbled along with the economy in 2008. RL West took over 18 months ago; the Howards remain minority partners.
“We wanted to have a real world positive impact. A legacy,” Rigby said. Lake Norman Real Estate Charlotte Real Estate Lake Norman Homes for Sale Lake Norman Real Estate Charlotte Homes for Sale
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