Recent Posts
Alexander Farms build-out worth over $110 million
By Dave Yochum. A mixed-use project planned for the last undeveloped farm on the west side of I-77 in Cornelius will resemble Birkdale, but with a twist. The residential component of Alexander Farms will target active adults—even oldsters—with a hip mix of amenities, including a food truck plaza, senior housing options, retail and restaurants—as well […]
Rick Eveson is new EVP at Aquesta
Rick Eveson is the new executive vice president, chief operations and compliance officer at Cornelius-based Aquesta Bank. Eveson, who has led Aquesta’s consumer lending business for the past six years, will be responsible for oversight of all regulatory compliance risks as well as deposit, IT and loan operations. A graduate of State University of New […]
Record visitor spending across NC in 2018
Aug. 15. Tourism spending in North Carolina rose to $25.3 billion last year, a record. The data, which comes from an annual study commissioned by Visit North Carolina, has Mecklenburg County once again at the top, with $5.68 billion in visitor spending last year, up 5.6 percent from 2017. Domestic visitors spent a record $25.3 […]
Blueharbor bank reports gains in second quarter
Mooresville-based blueharbor bank reported second-quarter net income rose 8% to $698,480 compared to $647,933 earned during the second quarter of 2018. For the six months ended June 30, net income was $1.29 million, up 6% from the first half of 2018. CEO Jim Marshall net income growth for the second quarter of 2019 was driven […]
20 units sold in project that taps demand for ultra luxury condos
By Dave Yochum. Some residential projects are game-changers. River Run comes to mind, as well as The Peninsula. These are residential projects that brought an entirely new level of amenities—and price—to the market back in the day. The Watermark condominium project just off West Catawba is another one. With pricing ranging upwards from $800,000 per […]
TDS plans to buy Continuum for $80 million
Aug. 14. By Dave Vieser. TDS Broadband Services, one of the nation’s largest telephone, broadband and television services, has a tentative agreement to purchase Continuum for $80 million. Mooresville-based Continuum is the municipally owned cable system that serves customers in Davidson, Mooresville and Cornelius. The deal, which must be approved by voters in Davidson […]
Xerox plans to copy successes of 3 Centers for Excellence
Xerox will build a new “Center of Excellence” in Cary worth more than $18 million and creating 600 jobs. The project is estimated to grow the state’s economy by $1.7 billion over the next 12 years. The Cary Center of Excellence will be the fourth of its kind for the company in North America, joining […]
Mooresville outfit adopts ESOP to help spur growth
AMS Retail Solutions says a new ESOP and a new contract with Samsung Home Appliances will help the Mooesville company to double its size to 1,000 employees. In the past nine months, AMS has acquired its largest customer by “having the industry’s best workforce and capabilities,” said AMS chairman and chief operating officer Bruce Ballard. […]
Opioid crisis has major implications for business
Aug. 7. By Dave Vieser. The opioid epidemic continues to loom large in North Carolina business and industry, although dispensing here has decreased by 24% since 2017. Fifteen states have passed laws limiting opioid prescribing for acute pain to a 7-day supply. Arizona, North Carolina, and New Jersey limit initial prescribing to 5 days. Prescriptions […]
Burke-Samson opening bakery next to Kindred
Justin Burke-Samson, the manager of the Davidson Farmers Market, will open a bakery called Bonjour Y’all next door to the Kindred restaurant where he was previously executive pastry chef. Bonjour Y’all replaces Gateau on Main Bakery and Dessert Bar in 700 square feet downtown. Gateau on Main will close in early August. The menu and […]
