Lake Norman Real Estate

Huntersville - Exit 18

2008-04-04T15:34:24-04:00:00

Sources: Neighbors of Lake Norman - Red Dirt Alert, Charlotte Observer, Mecklenburg County

It was reported in The Next Big Thing that a development patterned after Heydon Hall, but at a lower price, of 180 homes on 40 acres in a gated community at Reams and Lakeview Roads and about 80 homes on 15 acres across Reams, is being built near Northlake mall.

It will have 40 and 50 foot lots and with a rural feel amid undeveloped agricultural land. The homes will sell between $273,000 and $360,000 with a density of roughly 4.9 units per acre. Houses will range from 1900 to 2900 sq. ft. Floor plans include upstairs and downstairs masters.

Charlotte Lake Norman Housing Market

2008-03-26T16:21:30-04:00:00

Posted by: www.cometolakenorman.com

Source: Charlotte Observer

As reported in the Charlotte Observer's Carolinas Roundup on 3/27/08 Fortune's Small Business magazine ranked Charlotte as number eight on its list of the best cities to live and launch a business.

Reported 3/26/2008 by Vinnie Tong of the Associated Press - Charlotte Home Prices Defy Trend - the Queen City the only exception as values slide in 20 other US Cities. While US home prices fell 10.7% in January, and the Standard & Poor's Case-Shiller home price index of 20 cities saw the steepest decline in the index's two decade history, Charlotte saw an 1.8% increase. Bob Morgan president of the Charlotte Chamber, said the news is a positive reflection on the Charlotte area's economy. "I think it says we're very fortunate in Charlotte that we're continuing to attract new jobs and that our population is growing" he told the observer.

As reported in the Observer, real estate agents and local officials cited Charlotte's history of more modest house price growth during the book years for the reason the market was holding up now.

TROUTMAN/STATESVILLE - EXIT 42, 45, 49 - LAKE NORMAN

2007-08-31T17:02:13-04:00:00

Posted by http://www.cometolakenorman.com

Sources: Neighbors of Lake Norman (Red Dirt Alert), Iredell County

A recenty completed study for Iredell County by Warren & Associates showedT that last year Iredell's population increased by 22 percent. The forecast is that the county will grow adding nearly 40000 new residents, a 26.6 increase by 2005 and that the highest growth will take place at the Lake near Trouman, whose population is projected to grow by 50%.

Falls Cove - A Crescent Resources development on 900 acres of forest near Lake Norman in Troutman. It will consist of a 10 acre amenity area which is scheduled to open late fall 2008 and feature a family activity center with a full time director, a junior Olympic pool, kids' splash pool, lazy river, six tennis courts and a playground. It has nearly 7 miles of nature trails following stream corridors and Lake Norman State Park is adjacent to Falls Cove.

A Cornelius based developer hopes to amass more than 100 acres for the development of a retail center near the norther end of Lake Norman. Troutman Commons LLC has bought 68.5 acres at I 77's Exit 42 for $3million after nearly a year of negotiations, said Bill Hartwell, senior investment adviser for Sperry Van Ness, a commercial real estate investment brokerage firm. Hartwell and Tom McMahon, also of Sperry Van Ness, partnered with two others to form development group Troutman Commons LLC to purchase the land from the Chappell trust.

The developers also hope to buy an adjacent 52 acres to create the"largest retail power center in the history of Troutman" according to a news release from Sperry Van Ness.

Larkin/GS Carolina - 900 acre mixed use development east of I 77 between Exits 45 & 49A - 3,750 residences including an active adult community, a hotel, 1 million square feet of retail, 250,000 square feet of retail, 250,000 square feet of offices and a wellness center along with 275 acres of greenways. First phase of construction expected to start by the end of the year.

SHERRILLS FORD - LAKE NORMAN

2007-08-27T13:31:57-04:00:00

Posted by http://www.cometolakenorman.com

Sources: Neighbors of Lake Norman - Red Dirt Alert, Catawba County, news@norman.com

Lowes at HWY 150 - The Board of Commissioners approved Lowe's to build a 22 acre site at 5374 Hwy 150 East, just west of the intersection with Slanting Bridge Road. Lowe's is expected to build 172,953 sq. ft. building including garden center,storage, staging and office areas. The two outparcels of 1.27 acres and two 1.05 acres has proposed uses to include retail, bank, office, drug store, eating and drinking establishments and.or drive-thru, convenience stores with fuel sales and grocery store.

Catawba County is having a meeting on March 17 at 4 - 6:30pm at Sherrills Ford Elementary School Cafeteria at 8103 Sherrills Ford Road for citizens feedback on the new 600 acre Mountain Dreek Park off Little Mountain Road - to see the plan go to: http://www.catawbacountync.gov/depts/planning/ParksMaster/Map9MountainCreek.pdf

Crescent has four parcels scheduled for development in Sherrills Ford.

Key Harbor - 1500 residential units including more than 100 waterfront homes on 705 acres, 829 lots between Island Point Road and Molly’s Backbone. The community will include clubhouses, a soccer field, swimming pools, tennis courts, walking trails and 150 acres of open space. MAG Land will develop Key Harbor.

Crescent Resources Village Center - Plans up to 350 single family homes, multifamily units and homes for senior citizens. It includes 414000 sq. ft. of retail space, 163000 sq. ft of office space and 77,000 sq. ft. of mixed-use retail.

Terrapin Creek – 637 acre residential development with 450 lots off Molly’s Backbone & Sherrills Ford Road.

Mountain Creek – 605 acre conservation park for recreation & open space.

For a map of the above 4 developments go to http://www.co.catawba.nc.us/events/Crescent.pdf

For details of the developments to http://www.catawbacountync.gov/depts/planning/development/default.asp

Terrell Village Square – retail professional office complex with 4 buildings, 37500 sq. Ft. on 6.58 acres on the south side of NC 150 right next to the planned Crescent Resources “Village Center”.

Seven Springs – 25 lot subdivision planned for 27 acres on Saunders Drive, near Monbo Road and the Lake Norman Woods development.

HUNTERSVILLE - EXIT 23 & 25 - LAKE NORMAN

2007-08-27T13:27:41-04:00:00

Posted by www.cometolakenorman.com

Sources: Neighbors of Lake Norman - Red Dirt Alert, Charlotte Observer, Mecklenburg County

Huntersville Gateway – Crescent Retail development at the corner of Eastfield Road and Prosperity Church Road in Huntersville to have 86,954 square feet of retail space. http://www.crescent-resources.com/retail/huntersvillegateway/location.asp

East Huntersville Development Plan – Draft
http://www.huntersville.org/Planning%20Info/EHplan30107draft.pdf
Bryton – Mixed use retail, business park, multi-family residential, and single faily homes around a commuter rail station on 450 acres in the northeast quadrant of NC 115 and Alexanderana Road. May take 20 years to build out. http://www.huntersville.org/planning_brytonsub.asp

Huntersville Business Park, rebranded The Park, and becoming a multi-use development with Ghazi Co. currently building a 70,000 sq. ft. Torrence Village, a retail center. Medical condos and apartments are also underway at I 77 Exit 23.

DENVER – WEST LAKE NORMAN

2007-08-27T13:26:23-04:00:00

Posted by http://www.cometolakenorman.com

Sources: Neighbors of Lake Norman - Red Dirt Alert, Lincoln County, news@norman.com

Westport - The new swim, tennis & fitness club has been approved by the Westport community.. It will be located adjacent to the Westport Golf Club. Construction is planned to begin by May 2008 with expected completion early 2009. The club will ave a 5000 sq. ft. clubhouse, a tennis pro shop, locker rooms, meeting rooms, a lounge and offices. It will also have a 2500 sq. ft. fitness center, a 5000 sq. ft. Jr. Olympic sized pool. The community featues single familly homes with a price range of $390,000 to $600,000 and town homes ranging from $130,000 to $250,000 .. It also has condos marketed to the active adult buyers.

Ingleside Plaza

– Shopping center about 96,000 square feet at southwest corner of NC 73 and Little Egypt Road. Expected to have supermarket, a bank, a drug store and retail space. Approved last October
Westport Lakeside LLC
– 220 acre project off Fairfield Forest Road & NC 16 194 one story condos planned for over 55 as well as 130 two story townhomes & 121 single family homes. They also have plans for a 30 acre commercial tract on NC 16.
Villages of Denver
– 245 acre community with a planned 685 homes off Optimist Club Road. Slated for building out in 7 years. Construced started on first 45 homes last fall with more under way. The community will have 45 acres of open space with walking trails, a clubhouse and swimming pool.
Carolina Ridge
– 1571 home active adult community for people 55 and older off NC 7e and Little Egypt Road.

DAVIDSON – EXIT 30 - LAKE NORMAN

2007-08-27T13:25:22-04:00:00

Posted by http://www.cometolakenorman.com

Sources: Neighbors of Lake Norman - Red Dirt Altert, Mecklenburg County

Sheraton Davidson Hotel & Convention Center - Hotel, 155 room six-story and 17000 square foot convention center on six acres near Griffith Sreet and Exit 30. The town planning board recently approved the project, and the town board is expected to consider it March 13. If approved, construction could begin in the summer.

www.ci.davidson.nc.us/units/planning

Davidson East - A mixed-use development composed of 518 residences ad 228,100 sq. ft. of commercial space on NC 73 about one mile west of the county line in Davidson. Construction likely to start in the fall on the 272 single family homes, 97 townhomes, 142 apartments and seven live-work units.

River Run (Phase V) - The final phase of an 838 home subdivision, golf course and country club consisting of 122 homes. The final phase is on the southeast side of River Run at the end of Shearer Road in Davidson and is expected to be finished in 2009. FIND HOMES IN RIVER RUN

Summers Walk - A mixed use developent of 579 residences, 224 townhomes, and composed of 20,000 sq. ft. of commercial on NC 73 about a half mile from he county line in Davidson. The residential is expected to be completed in 2009 and the commercial in 2012.

CORNELIUS – EXIT 28 - LAKE NORMAN

2007-08-27T13:24:36-04:00:00

Posted by http://www.cometolakenorman.com

Sources: Neighbors of Lake Norman - Red Dirt Alert, Mecklenburg County

Antiquity - Up to 1000 single and multifamily homes with commercial and retail space on 128 acres. 1500 seat ampitheater, community pool, life size checkerboard and splash fountain, walking and biking trails and nine small parks. An $800,000 wooden covered bridge connects to South Street in Davidson. The starting price according to the Meeting Street Companies for most f the single famil homes are in the high $200,000 to $400,000. Condos could start in the low $100,000 range, and the project's estimated value could exceed 250 million. The development i tto include restaurants, banks, shops and a grocery store. http://www.antiquitync.com/

Bluff Point – Seven homes on 4 acres off West Catawba Avenue and Bluff Point Road. http://www.corneliusplanning.org .–

Joys Serenity Point - Twenty homes featuring Pacific & Atlantic ocean architecture on about 12 acres on Nantz Road in Cornelius. http://www.corneliusplanning.org .

Upper Jetton– Six luxury waterfront homes from $2.6 million to $4 million near end of Jetton Road www.patrickjosephhomes.com .

Preserve at Robbins Park – Public-private development on 200 acres off West Catawba Avenue in Cornelius between Westmoreland Road and Birkdale Village to include upscale homes, a park, a naure preserve, a baseball complex & a greenway. Expected to break round in the spring with the first homes possibly ready spring 2008. www.corneliusplanning.org/robbinspark.html

Antiquity – a planned transit oriented development. The mixed use development will feature an old-fashioned covered bridge, 1000 residents, single & multi-family, retail and commercial. The entire project is expected to open in five to seven years.

The Village at Lake Norman - Major retail center planned – a development proposed by Bromont Investments of Scottsdale, Ariz. – 900,000 square feet of retail, a 250 room hotel, a 100 room hotel and 400 Residences above the shops on 105 acres in Cornelius. If approved, It includes a proposed I 77 interchange at Westmoreland Road. The Village at Lake Norman would sit on 105 acres at the southwest quadrant of US 21 and Westmoreland Road,. A new intersection at Westmoreland Road would become either Exit 26 or 27.

http://planning.sitewizard.biz/thevillageatlakenorman.html?sid=12636

CATAWBA COUNTY DEVELOPMENT- LAKE NORMAN

2007-08-27T13:18:10-04:00:00

Posted by http://www.cometolakenorman.com

Sources: Neighbors of Lake Norman - Red Dirt Alert, Catawba County, news@norman.com

River Oaks at Lake Norman - A $300 million project off I 40 and US 70 at the boundary where the Catawba River becomes Lake Norman, that includes two separate, yet linked, gated communities. Residents of each will be members of both and pay one fee for access to amenities in both communities. All residents will also pay one fee for a bundled communications package It will be a master-planned community covedring 1000 acres onn and near the Catawba River in Catawba and Iredell counties north and south of US. 70. It's intended to have a resort-style self-contained feeling. According to Red Dirt Alert, the developers are about ready to begin selling lost in two neighborhoods on the Iredell side of River Oaks: The Fairways and the Landings. They are to be luxury gated home communities with lots of an acre and houses selling for approx. $400,000 and up. The Catawba County side, the 511 acre River Oaks Village will have 2,200 residential units plus 500,000 sq. ft. of retail & commercial. It is to be designed as a pedestrian friendly style similar to Huntersville's Birkdale Village, with sidewalks, old-fashioned streets, a public park, walking trails and lake access.

The Fairways at River Oaks - About 80 estate homes on 200 acres surrounding the former North Carolina National Golf Course. Set in a rolling wooded area, the newly named River Oaks Golf Course has received a multimillion-dollar renovation and will retain its natural areas. A new clubhouse will be built. Homes will be 2,500 square feet and up and will range in price from $500,000 to more than $1million. The homebuilder is LKN Builders. Four homes in the 80 lot subdivision are under construction with work on the clubhouse to begin this summer.

The Landings - A 164-acre waterfront community of 207 single-family homes. The project includes The Catawba Club, a clubhouse with pools, fitness, tennis and boating. Homebuilders are LKN Builders, Constable Builders and Tegland-Brown construction. Wynne Residential Developers of Richmond plans condos in a nearby future project. Town of Catawba is slated to receive a project by Richmond based Wynne Residential Developers partner called River Oaks Village at Lake Norman, with 2,300 residences and a commercial district inspired by Birkdale Village in Huntersville. The Village’s planned Location is directly across the lake via the US 70 bridge from The Landings

See details at http://www.riveroaksatlakenorman.com/