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Cornelius Backs Village at Lake Norman
By John Walker
Cornelius commissioners voted to move forward with the largest development proposal in this town's history, a project that could lead to sweeping changes to the region's economic and traffic landscape. The board approved a rezoning and conditional-use permit for The Village at Lake Norman, which will encompass up to 2.4 million square feet of shops, condos, restaurants, offices, parks and two hotels. The project will likely require the rezoning of 105 acres on the southwest corner of U.S. 21 and Westmoreland Road. As part of the $516 million project, the developer has promised to widen Interstate 77 to at least three lanes in each direction between Exits 23 and 28 and add an interchange at Westmoreland Road. Development plans like this project and others ongoing in Mecklenburg county attract business and relocating home buyers to the area and help support the regions stable home valuations.
This intel first appeared on: http://www.southeastcharlottehomes.com/Blog/Cornelius-Backs-Giant-V...
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February, 2012
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