City of Kannapolis Residential and Commercial Development Growth Trend Continues

   

Kannapolis, N.C. – The City of Kannapolis continues to see a trend of positive growth in both residential and commercial development as a result of the Kannapolis City Council’s emphasis on strategic economic development policies and investments. From 2017 to 2019 permits for new single-family homes were around 300 annually. The majority of residential growth occurring during this time period is in the multifamily market with several apartment and townhome projects receiving permits. In 2017 there were no multifamily permits issues but in 2018 the City there were 492 units permitted and in 2019, 724 units permitted for multifamily residential development.

In the same three-year time period permit values for commercial development were between $60,000,000-$108,000,000 annually. In 2017 commercial development permits were valued at $60,584,426; 2018 – $108,867,559 and in 2019 – $81,206,890. These investments include light industry and logistics facilities such as Amazon.

In the first half of 2020 the growth in the single-family residence market continues with over 200 permits issued to date.

Growth continues to occur primarily in the western corridor of the City, especially along the Kannapolis Parkway. The City has captured the attention of several national developers such as D.R. Horton, Lennar, Pulte and MI Homes who are now building houses in Kannapolis. Residential development of the Kellswater, Austin Corners, Trinity Crossing and The Falls neighborhoods is underway. Apartment developments include VIDA, Hawthorne at the Glen, and Coddle Creek.

(View the map electronically at: https://cityofkannapolis.maps.arcgis.com/apps/View/index.html?appid=956df05f7cff4544aa1d27c1ca1ae56b)

An additional healthy sign is the number of infill development projects including Grand Sabana, Martin Circle Townhomes and Hillside. These projects will be located in the older established sectors of the City.

Development related to the Downtown Revitalization Project includes VIDA, the mixed-use district of 284 apartments, commercial and restaurant space, which will open in January 2021, and Pennant Square Townhomes which will have 128 units.

“We continue to see the benefits of our investments in water and sewer infrastructure. The investment in our transportation corridors, such as Kannapolis Parkway, West Avenue, Main Street, and the new I-85 Exit 65, are leading to the developers and companies to our City. This is means new jobs and opportunities for our residents,” said Kannapolis City Mayor Darrell Hinnant.

Other factors contributing to the development of the city include a high quality of life for people, the I-85 corridor, proximity to the Charlotte region, a welcoming attitude to companies and more.

“As growth happens in the Charlotte region and moves up the I-85 corridor, companies and people look for nearby cities to move to that offer welcoming business atmosphere and great quality of life for their employees,” said Kannapolis City Manager Mike Legg. “We have a forward-looking City Council and staff who have invested in the right things to ensure we attract quality companies and grow responsibly.”

In the last three years the city has welcomed a one million-square-foot Amazon Distribution Center, the Linder Industrial Machinery Company, and the N.C. Food Innovation Lab. Newly announced is the Prime Beverage Manufacturing facility on Kannapolis Parkway. Each of these facilities has brought hundreds of jobs to the city. The new Atrium Health Ballpark, and West Avenue Streetscape have also been completed.

“We have a total of 7,400 residential units approved or under review at this time. These are single family homes, apartments and townhomes. With this growth, the City’s Planning Department is continuously looking for ways to improve the development plan review and approval process to facilitate that growth,” said Zac Gordon, Director of Planning.  Earlier this year, the City made the transition to the Accela electronic plan review, approval and permitting system.  Planning forms and applications have also been updated to make the development plan review process easier.

The Planning Department is also in the final stage of updating its Unified Development Ordinance (UDO).  This document, to be known as the “Kannapolis Development Ordinance (KDO),” will be a modernized and user-friendly set of development regulations which will further streamline the development plan review process and will implement the City’s Move Kannapolis Forward 2030 Comprehensive Plan. Completion of the KDO is anticipated by the end of 2020.

“With this growth in houses, comes new residents to our City. We are also strategically planning and investing in capital projects such as two new fire stations, greenways, parks and additional infrastructure in order to continue our tradition of quality services for our residents,” Legg noted.

Author: Margaret Beveridge