Major Industrial Development Approaches in Kannapolis
In the heart of Kannapolis, an exciting transformation is underway! Recently, a notable Charlotte developer made headlines by acquiring a significant piece of land along N.C. Highway 73. On September 28, 2023, C4-AR 7-Eleven LLC, linked to the experienced duo of Peter B. Pappas and Tim Sittema from Crosland Southeast, purchased a 10-acre site at 6551 Davidson Highway for nearly $1.9 million.
What’s Happening at the New Site?
This new acquisition marks another step in a series of developments that could shape the future of our community. The seller, Highway 73 Parkway LLC, is associated with MPV Properties, a group that’s well-known in the Charlotte area.
What’s particularly interesting about this new piece of real estate is its proximity to the major industrial development, 85 Exchange, spearheaded by Trinity Capital Advisors. This major project is set to span over 150 acres and promises to bring more than 1.3 million square feet of industrial space upon completion! The vast scale of this project certainly puts Kannapolis on the map as a key player in industrial growth.
Amazon’s Involvement
The excitement doesn’t stop there! In May, news broke that Amazon had signed a lease for a sizable space—about 198,400 square feet—at the first phase of 85 Exchange. This is great news for both employment opportunities and economic activity in the area!
Crosland Southeast: What’s Next?
As of now, Crosland Southeast has not shared any detailed plans regarding what they intend to do with the recently acquired land. Multiple attempts to contact them for further information before our deadline were unsuccessful, leaving us all a bit curious. However, they have a history of significant projects in the Charlotte market.
Crosland is currently the master developer of Eastland Yards, which involves the revitalization of the former Eastland Mall site. This project began construction last year and has already sparked interest in turning an underutilized space into a thriving part of the community.
Future Plans at the Airport
Additionally, Crosland is in exclusive talks with Charlotte Douglas International Airport to develop a new area known as Destination District Central. If finalized, this project will be strategically located at the airport’s entrance and is expected to cater to a mix of retail and hospitality uses.
With all these exciting developments on the horizon, it’s clear that Kannapolis is gearing up for a period of significant growth and investment. The community is already witnessing changes take shape alongside the bustling Highway 73 corridor. If you’ve been keeping your eyes on local real estate news, there’s no doubt this emerging industrial scene will bring both challenges and opportunities.
What Does This Mean for Kannapolis?
For residents, this wave of industrial development could open doors for jobs and new services in town, boosting the local economy. Plus, with major players like Crosland Southeast and Amazon actively participating in the growth, we can expect to see innovative development strategies that align with the community’s needs.
As more details unfold regarding Crosland’s plans for the newly acquired land, the anticipation continues to build. Will it feature retail stores? Maybe even restaurants? We’re eager to find out!
This is a thrilling time for Kannapolis, as each new acquisition and development brings us closer to a modernized and vibrant community. Stay tuned for more updates as this story develops!
