Business

PNG to build natural gas storage facility in N.C.

Piedmont Natural Gas Co. plans to build a liquefied-natural-gas storage facility in North Carolina, its fifth in the region.

Piedmont expects to invest as much as $350 million in the project, the Charlotte-based company said Monday in a statement.

The site would store as much as 1.25 billion cubic feet of natural gas and is scheduled to be completed by late 2012. Several sites in Robeson County – roughly 120 miles southeast of Charlotte – are under review, Piedmont said.

Piedmont has two LNG plants in North Carolina and another in Nashville. Piedmont also is an investor in a joint venture with Williams Cos., Hess Corp., Scana Corp. and the Municipal Gas Authority of Georgia that operates the Pine Needle LNG storage site near Greensboro.

Some utilities in the U.S. East and Midwest liquefy natural gas piped in from other regions so it can be stored in tanks until cold weather or heat waves spur demand for the furnace and power-plant fuel. Bloomberg News

Two Charlotte companies have begun work on a

$17 million, mixed-use commercial project in Concord.

One of the developers, Shea Homes, is also building 174 condominiums at the 30-acre site at Harris Road near the Mecklenburg County line and Skybrook Golf Course.

The commercial development, called The Shoppes at Edison Square, is from Shea and Trinity Capital Advisors. It will occupy about 10 acres. Eight buildings for retail and office space will cover 85,000 square feet, Trinity director Sean McKinley said.

The first tenants should arrive by March.

Work has begun on a 24,000-square-foot medical office building. Carolinas HealthCare System will occupy the first floor. The Charlotte health care system will have a primary care practice and an urgent care center there, spokesman Kevin McCarthy said.

Restaurants and a day care center will be among the other businesses at the complex, McKinley said.

He said developers liked the residential area because of the number of homes nearby, the annual income of residents and the lack of existing amenities.

Adam Bell

Center city Charlotte could soon have a new tenant that's famously “delightfully tacky, yet unrefined.”

Alexis Aleshire, a spokeswoman for Hooters, confirmed that the company's opening a new location in Charlotte. Mecklenburg County records show the county granted the organization a building permit May 29 for 123 W. Trade St. – the current location of the Graduate Food & Pub.

Brad Freeze, a Graduate manager, said Hooters is scheduled to take over the building by July 1 at the latest.

Hooters – a national chain known for its wings, waitresses and catchy slogan – has more than 400 locations worldwide, including one on South Boulevard. Dan Tierney

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