I recently met with Brad Howard, one of the principles developing Langtree at the Lake, to find out the latest news on the development. The economic slowdown has significantly changed the original schedule for this developement, but Brad was upbeat and feeling good since the Town of Mooresville had just recently let contracts for the construction of utilities that will serve the development. The upcoming availability of utilities is likely to be the catalyst that will really get things moving in various parts of the development. Here are some comments he gave me on what’s coming up at Langtree at the Lake.
The first properties that will be available for occupancy will be a commercial complex that will anchor one corner of the overall Langtree development. It is owned by R. L. West Properties who plan 58,000 sq. ft of office space, 24,000 sq. ft of retail space and a convenience store. This segment is planned for completion in June of 2011.
The second component will be a 300 room, 12 story Embassy Suites Hotel with 80,000 sq. ft of meeting space with construction set to begin in the fourth quarter of 2010.
The second quarter of 2011 will see the start of construction of 300 luxury residential apartments along with 40,000 sq. ft. of additional retail space- think Birkdale-ish.
Finally, plans are being prepared for Langtree Executive Park near the Lowe’s corporate campus. This is where I understand the Friends of the Animals sanctuary will be that is being supported by NASCAR driver Greg Biffle’s Greg Biffle Foundation.
The success of developments like Langtree at the Lake and the new baseball park are important to Iredell County’s tax base and tax revenue. Recent news of local government cutbacks, including school expenses, underscore the need to attract business that can help the residents pay for the services provided by city and county government. No, it’s not good for us to go after such developments without regard to possible negative impacts on the local community, but it’s clear that communities that shun well-planned development are setting themselves up to dry up and blow away.
Lets hope these developments are planned and executed well and that we’ll all enjoy the benefits of having them in our community.