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Betting on the northeast I-485 spread: Priester announces second development, this one at Albemarle Road exit (access required)

Betting on the northeast I-485 spread: Priester announces second development, this one at Albemarle Road exit <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Retail developer Jay Priester is betting again on future development near Interstate 485. Priester on Wednesday announced that his Cambridge Properties Inc. is developing a 17-acre site on vacant, unincorporated land east of the Albemarle Road exit of I-485, just past the Mint Hill town limits, and a half-mile from the future site of a Novant Health Presbyterian Medical Center campus expected in 2018.

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Rain delay: Unusually high rainfall this summer has set back area construction (access required)

Rain delay: Unusually high rainfall this summer has set back area construction <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Heavy precipitation has left contractors and developers in the area wringing out their plans and looking for ways to get back on schedule. This summer, the Piedmont of the Carolinas has seen between 150 and 200 percent of its typical rainfall

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REBOOT 2.0: Permits up $212.9M in 20 dark days (access required)

REBOOT 2.0: Permits up $212.9M in 20 dark days <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

The computer system went down again, and the economy stayed down again, but the value of Mecklenburg County building permits surged by $212.9 million during a 20-day period that ended Thursday. That was nearly double the value of permits issued in previous 20 days, and nearly double the same 20 days last year.

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Act II, Scene I: City expected to start negotiating with film studio over development at abandoned mall (access required)

Act II, Scene I: City expected to start negotiating with film studio over development at abandoned mall <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

The city’s Economic Development Committee last week made a decision that increased the likelihood of an ambitious $300 million film studio being built on the East Side. The committee, which includes Mayor Pro Tem Patrick Cannon and City Council members Warren Cooksey, David Howard, LaWana Mayfield, and James Mitchell, will recommend on Aug. 26 that the full City Council vote to enter into a memorandum of understanding with Studio Charlotte Development, starting exclusive negotiations with the company.

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Strand Development names Andrew J. Pace senior vice president (access required)

Strand Development Co., LLC, a third-party hotel management company with a Charlotte presence, announced it has named Andrew J. Pace as senior vice president. Pace will be responsible for the company’s strategic growth, including the expansion of its third-party management, development, acquisitions and joint venture partnership platforms.

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