NC: Charlotte developer gets approved for $80M Lake Norman mega-development near Red Line

In a split vote, Huntersville planners on Tuesday endorsed a Charlotte developer’s proposed $80 million mixed-use development near a still-uncertain Red Line commuter rail station.

Peak Development’s Station South would include 348 multifamily units, including 278 apartments and at least 64 townhomes. Its 59,100 square feet of commercial, retail and other non-residential space would include a 25,000-square-foot parking deck and 25,000-square-foot central plaza, according to the developer’s rezoning application.

Station South would be on 21 acres along N.C. 115 ( Old Statesville Road) just north of Sam Furr Road and have 20 apartment, townhome, commercial and mixed-used buildings.

The board voted 4-3 to recommend rezoning the parcel. The plan now goes to the Huntersville Board of Commissioners, which has final say. The Town Board is tentatively scheduled to vote on April 22.

Mecklenburg County sales tax referendum
Planning Board members who in favor of rezoning said the development was well planned out in an area where the town encourages higher-intensity developments.

Those who voted against said they were concerned, in part, by the traffic impact if Mecklenburg County voters reject a November referendum for a 1-cent sales tax increase to pay for roads and public transportation, including the Red Line.

If the referendum failed combined with a new development, it would bring more cars onto N.C. 115 from Station South — drivers who would have used the Red Line instead, members said.

Other Peak Development projects include the mixed-use Loso Village in Charlotte’s Lower South End; the 83-townhome Shopton West community in Charlotte; the Park Terrace Towns townhome community in Charlotte; and the Caldwell Crossing mixed-use community in Huntersville.

“It’s important we put in place projects we’re excited about and towns can be excited about,” Peak Development co-owner Michael Cox told the Huntersville Planning Board.

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