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AG 2018 08 20
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AG 2018 08 20
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Last modified
5/8/2019 6:44:24 PM
Creation date
5/2/2019 9:52:36 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/20/2018
Board
Board of Commissioners
Meeting Type
Regular
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SAW/- <br />AMP1�` <br />CabarruiN <br />Economic Development <br />MEADOWS CORPORATE PARK <br />PROJECT OVERVIEW (estimated) <br />Company's Legal Name: Fortius-Richardson LLC <br />Company Representative: Harris Morrison <br />Contact Information: <br />Address: 363 Church St N, Suite 240, Concord NC 28025 <br />Phone: 704-786-8888 <br />Email: harrism CcDnewbranchre.com <br />Project Overview: Industrial Spec Development —2 buildings; spec industrial/flex for light <br />manufacturing, assembly operations and distribution. <br />• Site location: 700 Pitts School Road NW, Concord NC 28027 <br />• PIN:46904402790000 <br />• Acreage West: 15.1 acres; Acreage East: 6.4 <br />• Plan to construct two industrial flex buildings on parcel west of Pitts School Road <br />0 1't building: 112,000 SF <br />0 2nd building: 80,000 SF <br />• Building Depth: 160' <br />• Shared truck court <br />• Clearheight:30' <br />• Willing to subdivide to min of 16,000 SF. Ideal tenant between 16,000-40,000 SF <br />• Would start construction of 1't building Fall 2018; construct 2nd building after In is 50/+ leased <br />• Completion of In building: May 2019 <br />Investment: (Net new creation on the tax records. Exclude the cost of any land purchase. Keep in mind <br />any depreciation of your existing equipment. Project the investment you plan to make over 3 years.) <br />Real Estate: $9.9M (building 1: $5.9M; building 2: $4M) <br />G-3 Page 246 <br />
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