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<br />THIS WEEK <br /> <br /> <br />Table Talk <br />Morton's celebrates <br />a decade uptown; <br />Baja Fresh goes <br />stale in Charlotte. <br />P2 <br /> <br /> <br />Energized <br />Duke Energy chief <br />plots next steps in <br />u@ty's rebound. <br />P3 <br /> <br />New Heritage <br />Developer pieces <br />together makeover <br />of former PTL site. <br />P7 <br /> <br /> <br />Star power <br />Nashville firm plans <br />mix of celebrity and <br />¿"~ golf at club here. <br />...¿.;:. P3 <br /> <br />..~: <br /> <br />. <br /> <br /> <br />ChartoIte Home <br />KB Home chief <br />takes up residence. <br />P22 <br /> <br />AU ABOARD? <br />How light-rail station plans could <br />impact south corridor development. <br />P23 <br /> <br />BREAKING NEWS! Check our Web site at charlotte.bizjournals.com <br /> <br />BUĊĦiNEss <br />-JQ!JRN~- <br />Caharrus gets $150M mix <br /> <br /> <br /> <br />KEIIELKIIIS <br />STAFFWRITm <br /> <br />Located on 202 acres off the <br />new Kannapolis Parkway, the <br />unnamed development will con- <br />tain almost 440 homes and a <br />commercial district on its <br />periphery. <br />GLK expects the first houses <br />will be available during the sec- <br />ond quarter of 2005. <br />"We saw that the western part <br /> <br />$1.50 <br /> <br />of Cabarrus County could be the <br />next significant growth corridor <br />out of Charlotte," says GLK <br />Group President and Chief Exec. <br />utive George Kiser Jr. <br />The project will include six <br />communities and a Town Center <br />commercial area, along with a <br /> <br />CABAIIRUS, PAGE 56 <br /> <br />Housing plan <br />targets tract <br />in SouthPark <br />for makeover <br /> <br />J. LEE HOWARD <br />SENIOR STAFF WRrrER <br /> <br />A 9-acre public housing develop- <br />ment in the SouthPaIk area is the <br />first of a series of Charlotte Hous- <br />ing Authority communities target- <br />ed for mixed-use redevelopment. <br />Many more similar CHA- <br /> <br />~::edl:~~;~~~rlee~pected to <br /> <br />makeovers, possi-:""".' ",'~( <br />blyledbysomeof; ,"T)' <br />Charlotte's top ,':' . .'. <br />development;....'"': <br />companies, :i. . "'1 <br />_00." '.l~.'., .".: <br />of approved bid- ;,.þ . <br />ders obtained by . <br />the Charlotte <br />Business Journal. Woodyard <br />Local develop- <br />ers among the 13 vying for sites <br />include CrosJand, Bank of Ameri- <br />ca Community Development <br />Corp., Lincoln Harris, Pappas <br />Properties and Grubb Properties. <br />"Our overall game plan is to <br />make public housing more finan- <br />cially self-sustaining for the long <br />term," says Charles Woodyard, <br />CRA president and chief execu- <br />tive. "We believe that if we go with <br />mixed-use, that we can generate <br /> <br />AUTRTY, PAGE 53 <br /> <br />GLK Group, a Cabarrus Coun- <br />ty development company, plans <br />to begin construction in Decem- <br />ber of a $150 million project in <br />Kannapolis modeled on some of <br />the nation's leading mixed-use <br />communities. <br /> <br />IN PLAY: Bobcats arena executive Barry Silberman says the arena and surrounding spinoff development must make <br />a rational and scaled connection to First Ward ~r~ects. <br /> <br />Back to drawing board <br /> <br />First Ward development outpaces past studies <br /> <br />QUICKINFO <br /> <br />ERIK SPMBBIG <br />SENIOR STAFF WRITER <br /> <br />located within blocks of the First <br />Ward arena site, have been <br />announced. <br />"What you're seeing with residen- <br />tial is the beginning of a shift in inter. <br />est towards this part of uptown," says <br />Barry Silberman, who as executive <br />vice president of arena development, <br />operations and entertairunent for the <br />Charlotte Bobcats has a vested inter. <br />est in the soon-ta-be revamped First <br />Ward. "The fact that it's already <br />occurring is a good thing. We have <br />these assets and a framework, which <br /> <br />MAKE A IIEW PI.AII: <br /> <br />Center City Partners <br />is leading focus <br />groups this month <br />on RrstWard. <br />Urban land Institute <br />and LandDesign will <br />start a new study of <br />Rrst Ward in October. <br />Levine Properties. <br />which owns substan- <br />tial Rrst Ward prop- <br />erty, is revamping <br />plans to match new <br />development <br />schemes. <br /> <br />Before construction had even begun <br />on the city's $265 million arena, stake- <br />holders - politicians, local develop- <br />ers and cultural leaders, among them <br />- were intent on planning a cohesive <br />neighborhood around the Charlotte <br />Bobcats' new home. <br />Those intentions haven't changed, <br />but the neighborhood is quickly grow- <br />ing before any of the plans can get off <br />the drawing board. Since April, three <br />separate condominium projects, <br />worth a combined $100 million and <br /> <br />JRBII, PAGE 53 <br /> <br /> <br /> INSIDE <br />Largest area AROUND WE REGION 11 SMALL BUSINESS 15 <br />residential real CLASSIAEOS 52 SPECIAL REPORT 22 <br />estate agencies CREDITS & OEBITS 9 TABLE TALK 2 <br />LEADS 41 TOP 25 LIST 40 <br />P40 OPINION PAGE 59 WASHINGTON WATCH 10 <br />Next week: North Carolina PEOPLE ON WE MOVE 18 WEEK IN REVIEW 58 <br />television statIons REAL ESTATE 12 <br /> <br />0-.., <br />