Augustalee (Cornelius, NC)
By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
Regional Roads Committee Supports Augustalee Concepts,Encourages Mecklenburg County To Approve TIF Financing  The Regional Roads Committee (RRC) voted May 29 to support concepts for the Augustalee development and to encourage Mecklenburg County to approve Synthetic TIF financing for the project.The RRC is composed of 17 Chambers of Commerce, as well as transportation and other leaders, throughout the 13-county Charlotte Region. Its purpose is "to harness the regional business community in support of regional transportation planning, focusing particularly on roads, transit and land use planning." The RRC resolution states: Resolution In Support Of Augustalee & Transportation Improvements "WHEREAS, Augustalee will be a master-planned, mixed use development in North Mecklenburg generating...
Comments 1
By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
The landscape of the Lake Norman area of Charlotte, NC will be forever changed when they start on this new mixed-use development in Cornelius, NC. If you have not visited the Lake Norman area you really should. The beauty of the Lake and the well planned out Birkdale Village gives people just enough to want to come back for more. I believe Augustalee will only add to the wonderful lifestyle we already have. Not to mention the much needed road improvements we so desperately need. I have included this recent article from The Charlotte Weekly to keep you up to date on the recent development. North Mecklenburg residents want roads, and they might finally get them. The developer that wants to build Augustalee, a 2.4-million-square-foot, mixeduse development in Cornelius, is ready to put up m...
Comments 0
By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
If you are waiting for a project that is going to be very important for the landscape of the north mecklenburg area keep on reading. I have been following the process and believe that it is getting very close for this massive development to begin. I have included a recent article by a local Lake Norman, NC paper "The Lake Norman Herald Weekly" that updates the projects status.  Cornelius' most highly anticipated development recently celebrated another victory in its long trudge toward final approval. At a meeting April 29, the Technical coordinating Committee, an advisory committee for the Mecklenburg-Union Metropolitan Planning Organization, approved the recommendation of several road improvement projects, including a new interchange on Interstate 77associated with the 2.4 million-squa...
Comments 0
By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
The Technical Coordinating Committee (TCC) of the Mecklenburg-Union Metropolitan Planning Organization (MUMPO) voted Thursday, April 23, to endorse transportation plans for Augustalee. Their approval moves the project an important step forward to the full MUMPO meeting on April 29, at which time we hope another approval will be given. The TCC is composed of staff and managers of the towns, cities and counties of Mecklenburg and Union. They recommend projects to the elected officials of MUMPO, much like a town planning committee recommends projects to the full town board for approval. If MUMPO approves the project on April 29, it will go on the official Transportation Improvement Plan (TIP) for the region. "This approval is critical for the success of our project," said Josh Rector, Sen...
Comments 1
By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
Last night was a town meeting that included the talks about the new Augustalee development in Cornelius, NC. Unfortunatley, I was not able to attend because of T-Ball practice, but as soon as I hear any more information I will be passing it along. Augustalee plans call for widening Westmoreland Road and U.S. 21, realigning Bailey Road at Poole Place Drive and building a new segment of Northcross Drive from Jim Cooke Road to Westmoreland Road, according to published legal notices. Developer Cornelius Bromont LLC's Augustalee will be on 104 acres on the south side of Cornelius, between I-77 and U.S. 21. The developer expects the first retail stores to open in fall 2012. Augustalee will offer residences starting at $350,000 above retail stores; Class A office space in numerous buildings; a...
Comments 0
Cornelius, NC Real Estate Professionals