R.D. Harrell developments
in KM listed for sale
By Loretta Cozart
On April 27, 2021, R.D. Harrell and Co. petitioned the city and council approved rezoning property on Margrace Road in Kings Mountain known as Cannon 35. The two developments are projected to add 810 new homes.
However, less than two-years later, R. Dean Harrell and Co. has listed both of those properties for sale with Cushman & Wakefield Sunbelt Multifamily Advisory Group. The listing states, “Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 57.98-acre Cannon 35 Master Planned Community Development Site. The site successfully went through rezoning to allow for 730 multifamily units: 360 apartment units, 215 townhomes, and a 155-unit senior living center. Plans also call for two commercial out-parcels.”
In a separate listing, the Cottages at Clovis Point Development, a 29.77-acre property on Kings Mountain Blvd. has also been listed. The listing describes the property “The age-restricted (51+) development site has successfully gone through the rezoning process to allow for 80 single family units. The site is well located to allow for expedited access to the local retail and attractions of Kings Mountain and Charlotte via I-85.”
In both listings, Cushman & Wakefield points out various reasons why these projects should thrive, “Large-scale nearby projects like the Catawba Two Kings Casino, Albemarle Corp.’s new lithium facility, over two and half million square feet of proposed and under development industrial space bode well for the submarket’s future. Voted the Healthiest Housing Market in the country just a couple years ago, Kings Mountain maintains strong housing fundamentals today.”
On April 27, 2021, R.D. Harrell and Co. petitioned the city and council approved rezoning property on Margrace Road in Kings Mountain known as Cannon 35. The two developments are projected to add 810 new homes.
However, less than two-years later, R. Dean Harrell and Co. has listed both of those properties for sale with Cushman & Wakefield Sunbelt Multifamily Advisory Group. The listing states, “Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 57.98-acre Cannon 35 Master Planned Community Development Site. The site successfully went through rezoning to allow for 730 multifamily units: 360 apartment units, 215 townhomes, and a 155-unit senior living center. Plans also call for two commercial out-parcels.”
In a separate listing, the Cottages at Clovis Point Development, a 29.77-acre property on Kings Mountain Blvd. has also been listed. The listing describes the property “The age-restricted (51+) development site has successfully gone through the rezoning process to allow for 80 single family units. The site is well located to allow for expedited access to the local retail and attractions of Kings Mountain and Charlotte via I-85.”
In both listings, Cushman & Wakefield points out various reasons why these projects should thrive, “Large-scale nearby projects like the Catawba Two Kings Casino, Albemarle Corp.’s new lithium facility, over two and half million square feet of proposed and under development industrial space bode well for the submarket’s future. Voted the Healthiest Housing Market in the country just a couple years ago, Kings Mountain maintains strong housing fundamentals today.”