Real Estate

This category contains 124 posts
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Sprizzi not coming to Cornelius after all

Aug. 5. By Dave Yochum. Plans for the much-heralded Sprizzi Bev-Co. operation in the old Michael Waltrip Raceworld complex on Liverpool have fizzled out. An unnamed entity is buying Sprizzi for an undisclosed amount, according to Tim Goff, the president and CEO of Sprizzi. In December, Cornelius officials said they expected Sprizzi would create 250 […]

Real Estate Transactions May – June 2019

Cabarrus County 06/07/19 $286,000 Gregory Villerosa & Barbara Agnello to Paul & Sharon Helton, 816 Treva Anne Dr., Concord 06/07/19 $259,000 Francesco & Joanne Isgro to John & Ruth Puleo, 5341 Kim St., Concord 06/07/19 $289,000 Steven & Laura Linker to Matthew & Stephanie McSparran, 2578 Laurelview Dr., Concord 06/07/19 $552,500 Park View Estates, LLC […]

Lowe’s picks Charlotte for tech hub

June 29. Mooresville-based home improvement company Lowe’s will bring 1,600 new jobs to a ​new $153 million ​technology center in Charlotte.​ Fopur hundred ​employees will be relocated from Mooresville. Average annual salaries will be over $114,000.​ ​Lowe’s received $54 million in incentives​, helping Charlotte land this project over Dallas,​ Texas.​ ​The ​23-story Design Center Tower will […]

Cornelius Bromont changed the name of the Village of Lake Norman to  Augustalee in 2008. The $515 million project included 655,000 square feet of restaurant/retail space, 810,000 square feet of office space, two hotels and 400 residential condominiums.

Augustalee property is under contract

June 11. By Dave Yochum. One of the most significant development sites in Lake Norman is under contract, years after the original project—known as Augustalee—flamed across the economic development sky into foreclosure. The sale price and buyer likely won’t be disclosed until after a 150-day due diligence period is completed. Executives at Concord-based ACN purchased […]

Greenheck, a manufacturer, announces $58.8 million expansion in Shelby

May 30. Greenheck Group, a Wisconsin-based manufacturer of commercial and industrial ventilation equipment, will build a $58.8 million campus in Shelby, bringing 400 new jobs. Greenheck already employs more than 400 people in North Carolina. “With the addition of a campus we will be able to offer team members a variety of career opportunities and […]

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Allen Tate No. 8 nationwide among independent firms

April 23. Allen Tate Cos., one of the major forces in residential real estate in Lake Norman and Cabarrus, is also one of the largest real estate companies in the nation. It is No. 8 in the U.S. among independent real estate firms, and No. 14 among all firms including franchise operations. The news was […]

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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 […]

Jackie Huffman and Ken Joyner answer questions at the Reval Newsmakers Breakfast

Commercial property values hurtle upward in Meck County

By Debbie Griffin.  Valuations of some Mecklenburg County commercial properties have soared—some considerably more than the average of 77 percent for commercial property, which includes apartments. The median increase for residential properties is 43 percent. Some new valuations are at or near doubling from prior valuations: • Publix at Magnolia Plaza: $22.3 million from $11.97 […]

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Cornelius builder on HGTV Friday

Jan. 31. Catch a local home on national TV, thanks to Cornelius-based Meeting Street Homes and HGTV. A house built and decorated by Meeting Street will be featured on “My Lottery Dream Home” Friday at 9 pm. “We are big fans of HGTV so it was an honor to get a call from the show,” […]

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