Matthews Gateway, a more than 90,000-square-foot mixed-use development on the corner of Sam Newell Road and Matthews Township Parkway, will be completed by the end of the year, according to the developer.
The project, on which construction began in 2009, is running a year behind schedule, but Garry Smith of Brookechase Properties, the lead developer based in Matthews, said he is pleased the project will be finished before the new year. The estimated construction costs are between $12 million and $14 million.
“We started right at the beginning of the crash,” Smith said. “And it’s going to be right down to the end of the year, but we’ll get it done.”
He said that when Brookechase began the project, the preliminary completion date was more of a hope than an expectation, because of the economic landscape. He said that the completed buildings, which feature restaurants, salons, office and medical space, and condominiums, are at full capacity.
Construction of the last building will be under way before the end of the month and will offer more mixed-use space, including apartments, commercial space and a small plaza.
Several construction companies have worked on the project, including Choate, Simon & Watson and Concorde construction companies. Brookechase Properties also has done work on the property.
Smith said that Matthews Gateway is the only project of its kind in Matthews, and he has had people tell him it reminds them of a “mini-Birkdale”, the popular mixed-use development in Huntersville.