Real Estate
Following the money: Chase plans to build a branch in Cornelius
Aug. 5. By Dave Vieser. In an area already filled with financial institutions, Cornelius may be landing another big one. Chase Bank has its eyes on prime corner property at Jetton and West Catawba where a closed Rite Aid pharmacy stands. Chase actually intends to demolish the old pharmacy. It will also build a bank […]
Upscale condos will target active adults
NC Homes Associates plans to build 110 upscale age-restricted living units on property purchased from a church blessed with abundant land in Cornelius. The development company paid roughly $1 million for 8.45 acres of land owned by Mt. Zion United Methodist Church. Groundbreaking is planned for late this year. There are 100 condo units up […]
Town issues ultimatum to developer after sinkhole grows
May 6. By Dave Yochum. The Town of Cornelius is wielding its clout as the host to various developments and builders. It has declared a growing sinkhole on Old Canal Street in Antiquity “a dangerous and an imminent threat to the health and safety of the general public and a public nuisance.” The sinkhole at […]
Residents have had their fill of sinkhole
April 11. By Dave Vieser. The Antiquity sinkhole, which has required traffic to be diverted from Old Canal Street since last fall, may soon be repaired, according to developer Cam Finley. “It’s a drain box that needs to be sealed up,” Finley told Cornelius Today. “I’ve been ready to fix it for some time, however, […]
Property tax increase floated at annual budget retreat
March 13. By Dave Yochum. It’s looking like there could be an increase in next year’s municipal budget that could result in a tax increase for many Cornelius homeowners. While budget discussions only began in earnest at the Town Board’s annual retreat at the Graylyn Conference Center in Winston-Salem last week, there are plenty of […]
Mulberry Townhomes planned behind Food Lion
Feb. 5. By Dave Vieser. The first public hearing on the Mulberry Townhomes rezoning request elicited just a few concerns at the Cornelius Town Board meeting last night. “My biggest concern is parking,” said Catawba Avenue resident Nancy Archer. The townhomes are an infill project behind the Food Lion downtown. “I’m also concerned with the […]
Ouch: Hot hot market translates to soaring valuations
Jan. 24. The last few years have been awesome from a property owner’s point of view; their homes are worth considerably more. How much more is becoming apparent today as the new Mecklenburg County tax values come online. One lakefront property in The Peninsula, with around 5,000 square feet of living area, climbed in value […]
Town Board OKs Charter Cornelius project in 4-1 vote
Nov. 20. By Dave Vieser. The days are numbered for that 11-acre stand of pine trees between Knox Road and West Catawba. In a 4-1 decision, the Cornelius Town Board approved the rezoning of prime commercial land Monday evening to allow the construction of retail and office buildings. The approval followed a two-hour public […]
Antiquity Woods project withdrawn from re-zoning process
Nov. 5. By Dave Vieser. Plans for Antiquity Woods, a 99-unit housing development on the edge of Davidson—but inside Cornelius—have been withdrawn even though the developer has paid thousands of dollars in fees to extend the application at Town Hall. Charlotte-based Meeting Street Cos. paid a total of $7,500 to the town in application and […]
Home prices still on the rise in and around North Meck
Only in Cornelius: An empty lot on Bethelwood Lane is for sale at—brace yourself—$1.65 million. It’s lakefront, of course, and it’s two-thirds of an acre. It’s also one indication residential real estate prices remain strong, although it looks like the rate of price gains is slowing down. Measured from their peak in 2006-2007, home prices […]
