Circle at Concord Mills sold
Developer of 13 area complexes buys the apartments and neighboring land.
01/15/2012 12:00 AM
01/12/2012 8:53 PM
The Mooresville Board of Commissioners has agreed to pay $335,000 to Mooresville-based Bear Creek Properties for a parcel at 2208 Statesville Highway (U.S. 21) for a planned connector road to alleviate congestion.
The connector would be about three-quarters of a mile long, running from the traffic light at Mazeppa Road and N.C. 115 to the light at Cornelius Road and U.S. 21. The road will be two lanes initially and eventually four lanes.
The connector would improve access to Interstate 77 for 18-wheelers driving to and from industries in the South Iredell Industrial Park on Mazeppa Road, Ryan Rase, Mooresville's executive director of public services and operations, told the Observer.
Commissioners last year unanimously approved spending up to $206,500 for roadway consultant WSP Sells to design the connector. It could take two or three years for the road to be constructed, Rase has said, and no cost estimate has been established.
Commissioners voted unanimously on Jan. 3 to approve the Bear Creek Properties land purchase.
Most trucks going to and from such industries as NGK Ceramics in the park use I-77 Exit 42 near Troutman because only two traffic lights are between that interchange and the park, Rase said.
Getting from the park to Mooresville Exit 36 involves going through 10 or 11 traffic signals, many of them on clogged N.C. 150.
With the connector, trucks would go through only two traffic signals south to I-77 Exit 33, Rase said.
It will be even quicker for them to get to the future Exit 38 at Cornelius Road, if that interchange is built someday, Rase said.
Circle at Concord Mills apartments sold
CONCORD Charlotte-based Crescent Resources LLC sold its Circle at Concord Mills apartment community in December and a neighboring site for future apartment development to Weinstein Properties for $35.1 million, Crescent officials announced recently.
Circle at Concord Mills was the fourth apartment community planned and built under Crescent's Circle apartments concept.
Virginia-based Weinstein Properties owns 13 apartment communities in Charlotte, Concord and the Lake Norman area, including Bexley Commons at Rosedale in Huntersville, Bexley at Lake Norman and Bexley at Harborside, both in Cornelius, Bexley at Davidson, and Bexley at Concord Mills and Bexley Village at Concord Mills, both in Concord.
Solar array installed on Concord parking deck
CONCORD City officials on Tuesday gathered to recognize the installation of solar modules on the top level of the downtown municipal parking deck at 30 Cabarrus Ave. W.
The modules provide shade to 32 parking spaces. The $500,000 project, owned by private investor Stefan Gleason, was funded through an N.C. Main Street Energy II grant, city officials said.
Power produced from the solar array will be sold back to the energy grid. The modules are expected to generate at least 80,000 kilowatt hours of electricity annually, enough energy to power four homes, city spokesman Peter Franzese said.
Airport awarded $5.46 million grant
CONCORD Concord Regional Airport has been awarded a $5.46 million federal grant for such improvements as strengthening the existing taxiway and aircraft parking apron, the N.C. Department of Transportation's Division of Aviation announced on Jan. 4.
As larger and heavier aircraft use the airport, the increased pavement strength will be needed to support the extra weight, city officials said.
Signal changed at Mooresville intersection
MOORESVILLE The town on Friday changed the traffic signal at Wilson Avenue and Church Street to a flashing-only signal for 90 days.
The light flashes red on Wilson and yellow on Church. A "New Traffic Pattern Ahead" was placed before the signal.
Counts of traffic-turns at the intersection showed a light isn't needed, Mooresville Transportation Planner Neil Burke said.
If no significant problems arise over the three months, the signal will be removed. Stop and "Cross Traffic Does Not Stop" signs will be installed on Wilson.
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