$440 Mil Mixed-Use Project Planned in Suburbs

CONCORD, NC-J&B Development and Management is hitting the ground running in the new year. The locally-based firm has two mixed-use projects ready to break ground in the Charlotte suburbs. They total 610 acres and are valued at about $740 million.

The developer plans a February ground-breaking on Moss Creek, a 513-acre venture that will encompass 500,000 sf of retail, 400,000 sf of office and 1,430 townhomes and single-family residences 20 miles north of Downtown Charlotte. At about the same time, J&B will be starting construction on a previously-announced undertaking–a $300 million, 97-acre development in Harrisburg, NC, about five miles from Charlotte. The job entails the construction of 440 homes, 450,000 sf of retail and 300,000 sf of office. Much of the commercial is being built on spec.

At Moss Creek, about 20% of the shelter product will be townhomes selling for $120,000 to $170,000. The rest will be single-family residences priced from under $150,000 to $250,000. Amenities will comprise three swimming pools, a 6,000-sf clubhouse and fitness center, tennis courts, walking, biking, and nature trails. A teen center and senior center will be open to the public.