MOORESVILLE The $2 billion Langtree at the Lake community on Lake Norman has named 14 restaurants and other businesses that plan to locate in the massive, mixed-use development under construction off Interstate 77 in southern Iredell County.
On Monday, meanwhile, the Mooresville Board of Commissioners will hold a public hearing on Langtree’s request for a rezoning on a 5.4-acre tract to allow for two unnamed restaurants with drive-throughs.
The Mooresville Planning Board voted last month to recommend that the commissioners vote against the change, saying such eateries don’t fit the upscale tone the developers originally promised. The hearing will be at 6 p.m. at Mooresville Town Hall, 413 N. Main St.
But Mooresville commissioner Rhett Dusenbury said at an agenda briefing on Friday that he’s just glad something’s being built at the long-planned Langtree, because work means revenues for the town. Langtree has been under development since 2006.
Mark Lockman, senior project manager for Langtree’s developer, Ohio-based R.L. West Properties, told the Planning Board that nothing at Langtree will be second-rate.
“This is our development,” he said. “We have a huge investment in it. We have as much interest as anybody in making sure it’s of the highest quality.”
The list of restaurants that Langtree announced on its Facebook page last week includes a Boneheads Restaurant, Wild Wing Cafe and a “high-end” Italian restaurant being opened by the owner of Egg at Davidson. Other named tenants include two pizzerias, a martini bar, a cocktail lounge, an Asian restaurant, an ice cream shop and a coffee house.
R.L. West announced in May that it would immediately begin building Langtree’s first 300 luxury apartments and 47,000 square feet of retail space. That word came after R.L. West’s Langtree Development Co. secured $41 million in financing to start the project.
The development was envisioned as a mix of residential space and commercial properties that included shops, restaurants, hotels and a convention center.
Barry Rigby, vice president of development for R.L. West and Langtree Development, has said the company closed on the financing through M&T Bank, using a U.S. Department of Housing and Urban Development program that insures mortgage loans for multifamily rental housing construction. Focustar Capital Group, based in Charlotte and Wilmington, arranged financing.
The closing on the financing was the largest of its kind in North Carolina, Focustar Capital and Langtree Development have said.
Langtree’s original partners included local developers Rick Howard and his son, Brad, and local lawyer David Parker, chairman of the N.C. Democratic Party.
The community, off Interstate 77 at Exit 31, will eventually encompass 380 acres, with 2 miles of interstate frontage and 4.5 miles of lakefront property.