Cabarrus

Work to begin on high-end complex

Construction is scheduled to begin this month on a $23million luxury apartment community in the Lowes Foods-anchored Mooresville Town Square center at Brawley School and Williamson roads.

Fountains at Mooresville Town Square will include 227 apartments in six buildings, Wyatt Dixon of Charlotte developer Hawkins-Dixon LLC announced last week.

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The community will include one-, two- and three-bedroom apartments renting from $695 to $1,200, Dixon said. The apartments will include garden tubs, French doors leading to private patios and balconies, built-in microwaves and ceiling fans. Some apartments will have 11- to 13-foot ceilings, kitchen islands, linen closets and computer work stations, Dixon said.

The 8-acre development will also have a salt water swimming pool, multi-level patio, grilling area, fire pit and courtyard.

A 5,000-square-foot clubhouse will have a demonstration kitchen and private dining room overlooking the pool, as well as a club room, screening room, billiards and entertaining area, business center and fitness centers, he said.

Red Mortgage Capital's Charlotte office secured debt financing for the development through a Federal Housing Administration market-rate apartment financing program.

Fountains at Mooresville Town Square will mark the third apartment community Dixon has developed in the Lake Norman area. He was involved in the development of two nearby projects during his tenure with Summit Properties and later with Faison and Associates.

. Truck plant serving as solar panel site

Daimler Trucks North America LLC held a "switch on" ceremony at its Freightliner truck manufacturing plant in the Rowan County community of Cleveland April 21 to celebrate the plant's becoming a long-term site for power-producing solar panels.

Under a 25-year contract, Daimler Truck North America is providing land for 1,560 solar panels owned and operated by Duke Energy.

The panels are projected to produce 359 kilowatts of renewable energy for Duke Energy customers - enough electricity to power about 38 average-sized homes, said Roger Nielsen, chief operating officer of Daimler Trucks North America.

"Providing the land was a visible, tangible way to fulfill our company's vision to be a good community partner, a responsible corporate citizen and a proper steward of our cherished natural resources," Nielsen said in a written statement.

Daimler Trucks also is hosting 1,690 panels at the High Point headquarters of its Thomas Built Buses division. Those panels are projected to power 41 more average-sized homes each year.

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