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The Kannapolis City Council has approved a development proposal for the former Kannapolis Intimidators Stadium property.   The proposal will allow Fortius Capital Partners to purchase the former Kannapolis Intimidators Stadium for $3 million. The 55-acre site is located on Lane Street near the I-85 Exit 63 interchange and has excellent access to Charlotte and Greensboro. The property is next to Lake Fisher which is a protected reservoir.   The site is being sold now that the K...

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Nine Recipients Were Announced during Virtual Awards Ceremony Yesterday, Centralina Regional Council announced the recipients of the Region of Excellence Awards in a virtual ceremony. Presented annually, these awards recognize individuals, communities and organizations for their outstanding achievements in support of Centralina’s mission to expand opportunity and improve quality of life in the nine-county, Centralina region which includes Anson, Cabarrus, Gaston, Lincoln, Iredell, Me...

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Construction of Pennant Square Townhomes is now underway. The project broke ground today with a short ceremony. The City of Kannapolis sold nine acres located off Main Street near the intersection of West F Street where the townhomes will be built. The property was formerly the site of Cannon Mills’ Plant 4. The builder, TriPointe Homes, will construct 120 townhomes on the site.   “A major component of the City’s revitalization is to have more people living in the downto...

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        Monday night, the Kannapolis City Council approved the sale of the former Swanee Theatre to West Avenue Entertainment, LLC. The new ownership group, which includes Kent Gregory and Ken Lingafelt, plans to renovate the building and open it as an entertainment venue.   The Swanee Theatre was built in 1940 and was one of four single screen movie theatres in Kannapolis. It remained open until 1971. Since then the building was used as a visitor center...

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In 2021, the City of Kannapolis expects to see a continued trend of positive growth in both residential and commercial development as a result of the Kannapolis City Council’s emphasis on strategic economic development policies and investments, along with a strong regional economy. Numerous subdivisions, apartment and townhome communities and commercial and industrial projects have been approved or are in the process of being approved. Kannapolis is the 20th largest city in North Carolina ...

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After months of planning and construction, the Cabarrus Center has opened in downtown Concord in the former Cabarrus Saving Bank Building with a ribbon cutting held on March 2nd in partnership with the Cabarrus Chamber. Flywheel, a leader in creating coworking communities committed to growing businesses, has designed and is now managing this historic space. "Cabarrus County has embraced this project beyond our wildest expectations, and we are sincerely grateful to the Cannon Foundation for...

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The Kannapolis City Council’s goal to attract private investment in the downtown continues to progress with the sale of two more parcels of property. At their regularly scheduled meeting Monday night, the City Council approved the sale of 230, 234, 242, 246 and 250 Oak Avenue (Block 7) to Oak Avenue Partners, LLC. The properties currently have two tenants, including Pizza Hut, and is suitable for office and commercial space. The property, which is 0.56 acres and approximately 11,000 squar...

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Kannapolis, N.C. – The City of Kannapolis continues to see a trend of positive growth in both residential and commercial development as a result of the Kannapolis City Council’s emphasis on strategic economic development policies and investments. From 2017 to 2019 permits for new single-family homes were around 300 annually. The majority of residential growth occurring during this time period is in the multifamily market with several apartment and townhome projects receiving permits....

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The Kannapolis City Council unanimously approved a redevelopment proposal and the sale of the Downtown Block Two properties on Monday night. Lansing Melbourne Group will be the new owners of the properties. Block Two includes eight buildings in the heart of downtown on West Avenue. The buildings, which date from the 1930-50s, are located around the corner from the Gem Theatre, near Atrium Health Ballpark, and a block north of the VIDA Mixed Use District. By partnering with a developer experienc...

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The Beverage Co-Packing Company Will Invest $68 million in Kannapolis, NC. Today, North Carolina Governor Roy Cooper announced that Prime Beverage Group, a new contract beverage manufacturer, will create 231 new jobs in Cabarrus County by establishing its first manufacturing operation in an existing speculative building located at 1858 Kannapolis Parkway in Kannapolis. Both Kannapolis City Council and Cabarrus County Commissioners approved five-year performance-based economic develo...

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