Development

This is what Kannapolis’ revitalized downtown could look like

Rendering of the first planned phase of the Kannapolis downtown revitalization project. Harold Cook bequeathed $6,000 to his native town, which will be used to fund downtown artwork.
Rendering of the first planned phase of the Kannapolis downtown revitalization project. Harold Cook bequeathed $6,000 to his native town, which will be used to fund downtown artwork.

Kannapolis City Council is set to select a developer Monday for the first phase of the city’s ambitious plan to revitalize its downtown.

Fort Lauderdale-based Lansing Melbourne Group won the recommendation from Kannapolis city staff for their project over a competing proposal. City Council will vote Monday.

The project is part of Kannapolis’ unusual response to suburban sprawl and the post-textile decline of its downtown. Last year, Kannapolis bought 46 acres of its downtown property for $8.75 million. The city plans to partner with developers to build a thriving downtown, including a new baseball stadium for the minor league Intimidators, and restore old buildings.

“The Demonstration Project is one of the first steps in revitalizing downtown and will include multi-story residential, retail and parking development between Main Street and West Avenue. This project is expected to generate momentum and enthusiasm in downtown Kannapolis,” the city said in a statement.

The LMG project will total $60.6 million of private investment and $12.6 million of public funds from the city to build a parking deck. In total, the project will cover two blocks, or four acres. LMG will purchase the land from the city once terms have been finalized. The proposal includes:

▪ 271 residential units

▪ 83,000 square feet of retail space (19,800 square feet of new construction and 63,000 square feet of existing space)

▪ A 116-room hotel

▪ 506 parking spaces

After the first phase of the demonstration project, Kannapolis hopes to build a new downtown stadium and arts center and entice developers to build hundreds more apartments, additional shops and restaurants and an office tower.

Ely Portillo: 704-358-5041, @ESPortillo

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