Business
$500,000+ Homes Planned for vacant land near Harris Teeter
By Dave Vieser. Simonini Homes will build 22 houses with a starting price in the mid $500,000s on the vacant 5.6 acre parcel behind the Jetton Cove Harris Teeter. Specific plans for the prime parcel were outlined Tuesday night at Cornelius Town Hall. As community meetings go, this one was quite congenial. The developer is Best Equity Ventures Organization V. The proper […]
Aquesta expanding into SouthPark
March 31. Aquesta Bank has purchased a branch location of troubled CertusBank in the Southpark area of Charlotte. The branch, in the Sharon Station Office Park across from the main entrance of SouthPark Mall, will be a “flagship branch,” according to CEO Jim Engel. “For our current customers, we believe this location will greatly enhance the […]
Publix plans new store in Mooresville
March 29. Publix Super Markets will open another store in Lake Norman, this one on the southeast corner of Brawley School Road and Williamson Road in Mooresville. The 49,000 square foot store will open in 2016, bringing a third grocery store within a half mile of the intersection on the west side of Mooresville. Publix […]
McCrory’s visit to dedicate Catawba avenue bridge postponed
Plans for Gov. Pat McCrory to dedicate the Catawba Avenue bridge over I-77 any time soon may have been thrown under the bus by a hail of criticism of the so-called “aesthetic improvements” portion of the bridge re-do. When completed the bridge will have new landscaping, abutments and special lanterns, lending a nautical feel […]
blueharbor sets course for Statesville; net income climbs 22.5 percent
March 19. Earnings last year at blueharbor bank rose 22.5 percent compared to 2013. For the year ended Dec. 31, 2014, the bank reported net income of $1,153,500, or $0.47 per diluted share, compared to $941,507, or $0.38 per diluted share, for 2013. For the fourth quarter, blueharbor reported net income of $255,232, or $0.10 […]
Regulations stymie bank lending
By John Rehkop. Community banks want to lend more, and they have the capital to do so. But the Independent Community Bankers of America (ICBA) and other industry lobbying groups say a steady inflow of increased banking regulation that emerged from the financial crisis has bogged down many community banks in an avalanche of paperwork, and […]
Economist looks for economic development gains
By Dave Yochum. Look for North Carolina’s lower tax rate to provide a bigger boost to economic development in 2016, as the new 5 percent corporate rate takes hold this year. Michael Brown, a Wells Fargo economist based in Charlotte, says “we might start seeing a little more of a boost in a couple of years.” […]
Pat Riley: Building boom means shortage of qualified workers
By Dave Yochum. One of the biggest challenges right now in home construction and remodeling is a shortage of labor, says Pat Riley, chief operating officer of The Allen Tate Co. “It’s so hard to find talent for remodeling needs,” he says. Apparently the boom in residential construction is soaking up workers fast. New home prices […]
Commissioner Jim Puckett: We must work together on economy
By Dave Vieser. North Mecklenburg County Commissioner Jim Puckett says that the towns in North Mecklenburg and the Golden Crescent must work together in order to “fully demonstrate the economic power that we possess.” Puckett made his comments before a crowd of more than 50 people who braved record cold temperatures to attend the Feb. 19 […]
Lake Norman Realty annual awards
March 11. Cornelius-based Lake Norman Realty recognized associates and employees at its annual awards breakfast at River Run Country Club in February. Several employees were also promoted, including Denise Richards, to Vice President of Relocation and Corporate Services; Ryan Kotis as Assistant Vice President of Commercial and Relocation Services; and Katie Carpenter as Vacation Rental Coordinator. Lake […]
