Business
Southwire buys ABB plant in Huntersville
Aug. 3. Georgia-based Southwire Co. has completed the purchase of ABB’s high-voltage and extra high-voltage underground transmission cable manufacturing plant in Huntersville. The purchase price was not disclosed. ABB’s 240,000-square-foot plant in Commerce Station Business Park opened three years ago just south of downtown Huntersville. The $90 million, high-voltage cable plant includes a 430-foot tower […]
Town Board meeting TONIGHT!
Aug. 3. The Cornelius Town Board meeting tonight includes consideration of a contract for the design and construction of a $9.2 million roundabout at the intersection of Highway 21 and Catawba Avenue. The NCDOT will manage the roundabout’s design/engineering, right of way acquisition, and construction. Cornelius will contribute $502,000 towards the total project cost. The two-lane roundabout […]
New stores coming near Harris Teeter in Jetton Cove
July 31. No, the Jetton Cove Harris Teeter is not expanding. The owner of the site just to the right of the existing supermarket, Jetton Village 1672 LP-Kimco Realty, is adding about 3,000 square feet of retail space. No word yet on who will move in, according to Kimco’s Southeast Region Director Paul Puma. “We’ve been […]
Statewide tennis tourney nets $566,820
More than 600 junior tennis players competing in the 2015 state Championships helped generate $566,820 in total receipts, according to Visit Lake Norman, which landed the two-year contract. The United States Tennis Association will hold the tournament again next year in Lake Norman, benefiting area hotels and eateries. Four official hotels were used for the […]
Aquesta plans stock repurchase
July 24. Aquesta Financial Holdings has announced it will buy back up to $500,000 of Aquesta Common Shares (AQFH) on the open market. Stock in the Cornelius-based financial institution is thinly traded and trades below book value. At the same time, Aquesta appears to be more aggressive about its plans to grow in Charlotte. “We […]
Bilodeau gets Rotary’s first Cashion service award
July 22. The Rotary Club of North Mecklenburg has announced the winner of the inaugural Robert T. Cashion Community Service Award: Denis Bilodeau, a North Meck Rotarian since 2006. He is the president of Aquesta Insurance Services and a candidate for the Cornelius Town Board. Bilodeau was president of the club in 2010-2011. In addition to […]
Planet Fitness: Salvation for old Bi-Lo space
July 22. The old Salvation Army space in Cornelius, which was the old Bi-Lo grocery store, finally has a tenant. A 25,000 square foot Planet Fitness franchise will go into the space on West Catawba Avenue later this year. Another 15,000 square feet remains to be leased in the shopping center which once housed a […]
Aquesta reports sharply higher second quarter
July 21. Aquesta Financial Holdings reported record operating income for the second quarter of 2015: $590,000 vs. $446,000 during the same quarter last year. Total assets increased to $269.1 million at June 30, compared to $263.6 million at year-end. Total loans increased to $184.1 million at June 30, vs. $172.2 million at the end of 2014. “Our strong […]
Evernham: Toll planners should be ‘ashamed’
July 15. [UPDATE 1:45 pm] Opposition to the I-77 toll plan continues to gain speed. Major voices in the motorsports community are speaking out against the $650 million plan to widen I-77 with a public private partnership. As reported in BusinessToday’s July print edition, Humpy Wheeler opposes the current plan. Another major voice in the motorsports […]
Shell no, Exxon yes
If you believe gasoline is gasoline, then the fact that Exxon has replaced Shell at the Express Mart on West Catawba Avenue is no big deal. “It’s a local change that we’re implementing just in the Charlotte area,” said 7-Eleven spokeswoman Margaret Chabris. Texas based 7-Eleven acquired 55 Sam’s Mart Convenience Stores in the Charlotte […]
