Business

This category contains 550 posts

Aquesta net falls, but loan demand climbs

July 23. Aquesta Financial Holdings reported unaudited net income during the second quarter of 2017  fell to $482,000 (15 cents per share) compared to second quarter of 2016 net income of $623,000 (20 cents per share). Total assets were $356.6 million at the end of the second quarter vs. $353.1 at year-end. “The primary reason […]

Growth drives traffic ahead of schedule on Hwy. 73

By Dave Vieser. When conversation in the Golden Crescent—the motorsports region from Lake Norman to Cabarrus—turns to traffic, I-77 is normally front and center. However, there’s another traffic corridor that is getting a significant amount of attention: Hwy. 73. A 35-mile stretch from Lincoln County on the west to Concord eastward is like a Main […]

Birkdale Village inspires rebirth of Kannapolis

Downtown Kannapolis will most definitely begin transforming before our very eyes, starting this fall. The City has hired a “construction manager at risk” to help ensure on-time, on-budget delivery of the West Avenue streetscape. The first component of the city’s Downtown Revitalization Project will be Birkdale Village incarnate, with vintage buildings, plenty of brick and […]

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New planning chair says mixed-use approach offers choices

  By Dave Yochum. An associate professor of architecture and urban design at UNC-Charlotte is the new chair of the Charlotte-Mecklenburg Planning Commission. Deb Ryan, who has been on the planning commission for six years, says what urban planning is about now is choices. “For the longest time we did single-family housing and we did […]

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After holding land 20 years, leading developer ready to build

  July 17. By Dave Yochum. The developer behind the proposed retail project on 11 acres of prime commercial property on West Catawba has a strong portfolio of high-quality holdings in the northeast, the Carolinas and Montana, with tenants ranging from CVS and Starbucks to Nordstrom and Tesla. Charter Realty & Development, based in Greenwich, […]

Top Women Winners: Sandi Vizner, Susan Tillis, Michelle Riley, Jennifer Parsley, Margi Kyle, Sheri Bistreich, Jan Beatty, Angie Brown, April Cook, Pam Dubois, Colleen Lloyd-Roberts

Nominations for 13th Annual Top Women now open

Nominations for Business Today’s 13th Annual Top Women leadership awards are officially open. The prestigious awards honor the Golden Crescent’s most dynamic women in business, community service, education and politics. To be eligible for this awards program, women leaders should be based in Cabarrus County, Lake Norman or University City—a business region we started calling […]

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Controversial ‘Luminous’ project approved in Davidson

July 12. By Dave Vieser. Despite fierce opposition from a wide range of residents, the Davidson Town Board approved the sale of 19 acres of town-owned land along Beaty Street to Davidson Development Partners Tuesday evening. The developer, who is not registered with the NC Secretary of State, plans to build a mixed-use development called Luminous on […]

Vermillion Village in Huntersville on the move

  By Dave Vieser. With recent town board approval, Vermillion Village in Huntersville appears to have a clear path for development, at a time when several other large mixed-use projects, including Lake Davidson in Mooresville and the Beaty Project in Davidson, are in various stages of consideration and controversy throughout the Golden Crescent. The Vermillion […]

Sold Home For Sale Sign in front of Beautiful New Home.

Home price increases driven by inventory

​ JULY 11. By Dave Yochum. ​Resale home prices continue to soar across the country, with ​cities like Seattle, Portland​, Dallas ​and Denver reporting huge year over year gains​. Seattle had a 12.9​ percent​ year-over-year price increase, followed by Portland with 9.3​ percent​, and Dallas​ ​with​ ​an​ ​8.4​ percent ​increase​ and Denver coming in at […]

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Davidson’s growing pains

July 10. By Sam Boykin. The town of Davidson currently has about 20 development projects that are either approved, pending approval or under review. That amounts to 2,000 new residential units, from single-family homes to apartments to condos, along with mixed-use developments, a hotel, and municipal buildings. For a town that has garnered national recognition […]

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