A major mixed-use project in a northern Charlotte suburb has cleared a key regulatory hurdle.
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The Huntersville Planning Board voted Wednesday to back a rezoning proposal for a $200M mixed-use development from WLA Enterprises Inc., The Charlotte Observer reported.
Knox Crossing, proposed for a 44-acre site near the Lake Norman intersection of Sam Furr and Old Statesville roads, would reportedly bring nearly 500 apartments and townhomes to the town and around 82K SF of commercial development. It would be anchored by a 45K SF grocery store.
The board voted 6-3 in favor of the project.
WLA first filed a rezoning request in early January, seeking Transit Oriented Development Residential Conditional District and Highway Commercial Conditional District designations for the site, the Charlotte Business Journal reported.
But the planning board initially denied the request, noting several required improvements, including a phasing plan for commercial development to occur alongside residential construction as well as upgrades to architecture, road infrastructure and green space elements.
The town's board of commissioners will make a final decision on the rezoning proposal at its March 17 meeting.
Knox Crossing’s development team — led by Kevin Rogers of WRS Inc., a local real estate investment firm — is negotiating with three major grocers to anchor the development, The Charlotte Observer previously reported.
WRS had estimated it will take two years to complete the project after rezoning approval, according to the CBJ. The company has other developments across the Southeast, including the Shoppes At Mallard Creek in Charlotte.
Last December, the town allowed developer Peak Development to rezone 21.3 acres at 17220 Old Statesville Road for Station South, a 348-unit residential community with around 25K SF of commercial space.
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