Developer Compass Rose Associates Inc. has the land for sale at$12.50 to $15.50 psf and hopes to sell parcels to companies thatwould in turn build their own retail or office space.
Compass Rose president Jim Houser has hired Robert Vande Weghe,president ofEvergreen Commercial Properties, to market the project.The plan is to create a mixed-use environment of shops and officestotaling about75,000 sf, and possibly a hotel.
Although the vacancy rate in this market has been relativelyhigh at 29.5%,it is largely due to a newly constructed building atnearby Huntersville BusinessPark, according to Frank Warren,president of Karnes Research Co.
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