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There are approximately 1,800 acres of industrial property within the Study Area, concentrated within one-half mile north or south of NC-49. This portion of the Study Area emerged in the 1950s and 1960s due to rail and highway access. Approximately 92% of the industrial acreage. is located along NC-49. The remaining 1~0 acres are located within one mile of I-85 in the northern portion of the Study Area. [n addition to flex industrial space, which could,be incorporated into mixed use developments, the study area could likely support one industrial park between 250 and 3S0 acres in size by 2030. Land compiled within three-miles of the I-85 interchange would be most competitive for the development of an industrial park. ?.~ Ecoriotvtic iJ~~.~ei~~p~rrj~nt The demand for retail, office, and industrial space is directly tied to the population and future population of the study area. However, in the Central Area, the availability of water isthe most limiting factor to growth and development. Supporting details, including employment trends in the study area, are as follows: Retail: Office: Demand is typically driven by the growth in number of households, income and expenditures. Retail demand will also be driven by household demand in areas surrounding the study area, such as Concord, Kannapolis, Mount Pleasant, and Harrisburg. Entitled retail exceeds the initial demand of projected popularion within the study area, but can be supported by outside household growth as part of regionaLand neighborhood commercial centers. o There is more than 1 million square feet of retail space entitled. o There is demand for at least two additional grocery store anchored neighborhood centers, including. the existing Food Lion at NC-49 and US- 601 and the entitled Super Target at the Aston Properties development. There is no multi-tenant corporate office space in the Study Area: Future demand ofmulti-tenant. office space will primarily be based on direct and. indirect impacts of the North Carolina Research Campus (NCRC). Household growth in the Study Area will support a moderate amount of professional office space. Industrial: + New employment centers should be focused on the northern (Lane Streedl-85 interchange) and western portion (proposed Westside Bypass and NG-49 .intersection) of the study area, where roadway connections, utilities; .and adjacent land uses are supportive. Employment Issues & Opportunities: • The North Carolina Research Campus will. increase the Cabatrus County jobbase by 12,780 by 2015. • There will be 2,500 local jobs lost at Philip Morris by 2010. • Opportunities exist for the Stonewall Jackson site, agri-businessJtoursm and the Incubator Farm.