Development

MPV Properties to develop new commercial center north of I-485

Conceptual plan for the Highland Creek planned development, courtesy MPV Properties.
Conceptual plan for the Highland Creek planned development, courtesy MPV Properties.

Charlotte-based MPV Properties said Monday that it plans to develop a new commercial center at Eastfield Road and Highland Creek Parkway, north of Interstate 485.

The site is currently vacant and wooded. MPV will build up to 100,000 square feet of offices, shops, childcare and medical facilities. The site is located about two miles from the recently opened interchange of I-485 and Prosperity Church Road, which has heightened developer interest in the area since the I-485 loop was completed last year.

Property records show MPV paid $1.1 million for the 11-acre site, in a deal that closed late last year. Steve Vermillion, Brad Murr and Matt McLanahan will manage development and leasing of the property for MPV.

Ely Portillo: 704-358-5041, @ESPortillo

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