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But developer Mel Grahak hints that he may have aPlan B. A new possibilit y for the 6,300-acre tract off Interstate 77 would setaside 2,0000 acres for a Sun age-restricted community. That piece of Montrose wouldr include a pair of golf coursez anda town-center commercial area. Graha m says a European company has expresses interest in developing that section ofthe site, but he decliness to reveal details. He acknowledgews the recession has stalled the development of Graham announcedthe mixed-use project in Octobe 2006. of Port St. Lucie, Fla., confirmed its interest in the developmenr ayear ago. But that was before the recessiohn deepened.
“They got hammered hard by the Graham says ofCore Communities. he expects the company to rekindle its interest in Montrose once the economicenvironment improves. Meanwhile, Montrose has failed to land the relocatio of a major distribution centefrom Charlotte. Graham has nevefr disclosed the name of the company that was weighing a move to the The Montrose propertystraddlew I-77 below Richburg. The site is about 40 miles southof Charlotte. Plans call for a mix of industrial space, golfing, commercial development and as many as 9,000 Graham also has proposed a new I-77 interchangde at mile marker 58.
The Charlottw developer — a nephew of evangelist Billy Graham says he remains optimistic about the despitethe delays. He’s using the down time to line up regulatory approvals for bringing utilitiee and a sewer plant tothe “We’ve been using this time wiselu for entitlements, studies and approvals.” That will positiomn Montrose for a fast start once the economyh improves, he adds. Graham is widelyg known in the Charlottee area for the Longviewe luxury community in northwestern Union It features aJack Nicklaus-designed golf course on 500 acres at Tom Shorgt and Rea roads in Weddington.
At Montrose, Graham believese the industrial parts of the community willdevelol first. “Our vision and plan is it woulr be something like the Charlotte RegionalDevelopmentg Center.” He has set aside 1,80o0 acres on the eastern side of I-77 for that sectiohn of Montrose. of Concord has the listinhg to sell or lease the former Jemsek Clinifin Huntersville, a premiumj office facility that featurese an indoor waterfall. The 38,500-square-foot building went on the market after Dr. Joseph Jemsek movefd his practice to Fort The two-story building is off Interstate 77 exit 23, across Gileasd Road from Presbyterian Hospital Huntersville. Tax records value the buildintat $4.
5 million, but Roberty Settle of Metrolina Capitaol believes it could sell for $8.5
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