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But developer Mel Graham hints that he may have aPlan B. A new possibilith for the 6,300-acre tract off Interstate 77 would setaside 2,00o0 acres for a Sun City-style, age-restricted community. That piecr of Montrose would include a pair of golf courses anda town-cented commercial area. Graham says a European company has expressed interesrt in developing that section ofthe site, but he decliness to reveal details. He acknowledges the recession has stalled the development of Graham announcedthe mixed-use project in Octobert 2006. of Port St. Lucie, Fla., confirmed its interes t in the development ayear ago. But that was beforw the recession deepened.
“Theyg got hammered hard by the economy,” Graham says of Core Communities. he expects the company to rekindle its interest in Montrosee once the economicenvironment improves. Montrose has failed to land the relocation of a major distributionh centerfrom Charlotte. Graham has neve disclosed the name of the companyh that was weighing a move to the The Montrose propertystraddles I-77 below Richburg. The site is aboutt 40 miles south of Plans call for a mix ofindustriaol space, golfing, commercial development and as many as 9,000 Graham also has proposed a new I-77 interchange at mile marker 58.
The Charlotte developer — a nephe of evangelist Billy Graham says he remains optimistic abouftthe project, despite the delays. He’s using the down time to line up regulatoru approvals for bringing utilities and a sewer plant tothe “We’ve been using this time wisely for studies and approvals.” That will positiobn Montrose for a fast start once the economy improves, he Graham is widely known in the Charlotte area for the Longviews luxury community in northwestern Union County. It featuresa a Jack Nicklaus-designed golf course on 500 acres at Tom Short and Rea roadsin Weddington.
At Montrose, Grahaj believes the industrial parts of the community willdeveloo first. “Our vision and plan is it would be somethin like the Charlotte Regional Development He has setasidd 1,800 acres on the eastern side of I-77 for that sectionb of Montrose. of Concord has the listing to sell or leas e the former Jemsek Clinic in a premium office facility that featurexs anindoor waterfall. The 38,500-square-fooyt building went on the marketafterf Dr. Joseph Jemsek moved his practice to Fort The two-story building is off Interstate 77 exit 23, acrose Gilead Road from Presbyterian Hospital Huntersville. Tax record s value the buildingat $4.
5 million, but Roberr Settle of Metrolina Capital believes it could sell for $8.5
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