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Brendan Duffey retiring from Uwharrie in January

April 22. Brendan P. Duffey, chief operating officer of Uwharrie Capital Corp and president & CEO of Uwharrie Bank will retire effective Jan. 2 of next year. Duffey, who joined the company in 2004, were said to be an instrumental member of the senior management team during  the depths of the great recession. Roger Dick, […]

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Aquesta net soars 52%

April 22. Aquesta Financial Holdings, parent of Aquesta Bank, said first-quarter net rose 52 percent from $702,000 last year to $1.068 million during the three months ended March 31. Core deposits rose 30.9 percent during the same period. “We are off to an excellent start to 2019,” said CEO Jim Engel. Key highlights include loan […]

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Lakefront mansion in The Point sells for $4.78 million

  April 18. A ​stunning ​lakefront estate in ​The Point in ​Mooresville has sold for $4.78 million, one of ​the most expensive sales in Lake Norman—and Charlotte—during the past year. The ​12,000 square foot ​house, at 127 Thurstons Way, ​was listed​ at $5.9 million with Victor and Amy Petrenko of Premier Sotheby’s International​, in Cornelius.​ […]

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M/I Homes re-entering Huntersville market

April 18. M/I Homes plans to start construction on up to 450 new homes in the Charlotte region in 2019, making a dent, perhaps, in the shortage of inventory. Two hundred of the new houses are in Huntersville. In the last three months of 2018, housing inventory nationwide retreated 4.6% from the previous year, according […]

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Online pet supply retailer to invest $55 million in Salisbury

April 17. Chewy, an online pet supply retailer, will bring 1,200 new jobs to Salisbury with a new $55 million fulfillment center. “Chewy selected North Carolina because from our infrastructure to our workforce, we have everything businesses need to succeed,” Gov. Roy Cooper said when he announced the expansion. The company is dually headquartered in Dania […]

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New parking deck adds a lot to retail in downtown Concord

By Debbie Griffin.  A check with the relatively new director of the Concord Downtown Development Corp., Johnson Bray, reveals a strong economy and the welcome addition of a new 614-spot parking deck. Bray took the CDDC reins from Diane Young last June and has been attending events and listening to what people want in their […]

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Carolina BioOncology announces expansion in Huntersville

April 4. Carolina BioOncology Institute, a cancer research clinic based in Huntersville, will invest $250,000 on an expansion in The Park, not far from Novant Huntersville Hospital. The 10,00-square-foot expansion to 30,000 square feet includes space for cleanroom and lab space expansion, as well as two separate pharmacies, equipment monitoring and building automation systems. Carolina BioOncology […]

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Duke Energy stokes coal ash battle

April 11. By Erica Batten. Duke Energy will appeal a state Department of Environmental Quality (NCDEQ) order that it must excavate the coal ash at coal power plants and rebury it in lined landfills. The Charlotte-based utility said the order to excavate nine ash basins would impose a financial burden on not only customers but the […]

Durstewitz: Craft breweries infuse the state’s economy with more than $1 billion annually

D9 hops into Charlotte

April 8. By Katie Piccirillo Sherman. D9 Brewing has registered D9 Brewing NoDa with the NC Secretary of State, suggesting the Cornelius-based brewery has set its sights on Charlotte. Following the hugely successful opening of a larger taproom in Cornelius last fall, an expansion into a market replete with Millennials is a powerful strategic move. […]

Baby Boomers fix up with Millennial buyers in mind

By Erica Batten. When it comes to outdoor home improvements, Baby Boomers and Millennials are choosing the same products, if for slightly different reasons. “It’s like the Baby Boomers are almost getting ready for the Millennials to buy their homes,” said Todd Cioppa, director of sales at MetroGreenscape in Charlotte, which designs and installs landscaping, […]

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