AG 2008 08 18 - Laserfiche WebLink

Home Browse Search

this community has currently stalled. A third site along Flowes Store road controlled by Little Texas LLC has recently received zoning approval as a Planned Unit Development. The site plan shows approximately seven acres reserved for commercial uses, but the retail square footage is unknown. At a floor area ratio of 0.25, the site would support 76,000 square feet for a neighborhood shopping center. In addition to the entitled retail, two additional neighborhood retail centers, ranging in size from 75,000 to 125,000 square feet each, could be supported by 2030. i)ffecr There is no multi-tenant office space located in the Study Area. Approximately 95% of the current corporate office market in the Charlotte region is located in Mecklenburg County. It is unlikely thatthis market will decentralize into the Study Area because of Mecklenburg County's existing development capacity, road network, proximity to the Charlotte-Douglas International Airport, and recent transit development. It is, however, forecasted that the NCRC will impact. the study area with both direct and ndirectneeds for office, retail, aad residential uses... ^ Forecasts for multi-tenant office space used a 10% capture rate for new developmentin 2020 and a 20% capture rate in 2030. Capture rates were based on direct and indirect job forecasts completed for NCRC, and provides an average of 200 square feet of office space per employee. ^ Between 400,000 and 500,000 square feet ofmulti-tenant corporate office space could be supported in the study area. ^ An additiona180,000 to 120,000 square feet of professional, or retail, office space could be supported by 203Q, based primarily on household growth. The demand for these service related uses such as small medical, insurance, attorney, and real estate offices is driven by area household growth. ^ [t is impossible to forecast for major relocations, or'drop-ins', that could occur within the study area afeulrbshicel The Charlotte Regional Partnership (CRP) tracks a l6-county region, including Cabamts County.. As of 2006, the average industrial park. size throughout the 16 counties contained 230 acres. More than 50% are located within three miles of a major Interstate highway. Acctutting torte maet<et assessment; the Canna! Area wt~ be atde.to suppottah actdifi°nal Af1tS,fA10 to StIQAfle scaar9. teeF otof~ice apace. Mast of theap~axknately t,R@tt acres °f AWeistaiat Property iswkirin °ne-half mile north et sgtRh of Nt; 49,