Kannapolis Revitalization
Summer 2022 Update
Private investment in the City of Kannapolis as the revitilization of the City continues. Several projects are under construction with others expected to begin soon.
View our downtown development map here.
Downtown Projects
- Pennant Square Townhomes, located off of S. Main Street, now has three models open and over 40 units have presold.
- Stadium Lofts is underway on West Avenue. It will have a restaurant, Towel City Tavern, on the first floor, along with the Kannapolis Cannon Ballers offices and an expanded team store. The structure will also have luxury apartments that will overlook Atrium Health Ballpark. It should open in late 2023.
- The former Swanee Theatre is being converted to a live music venue. Plans call for it to open this Fall.
I-85 Corridor
Three major industrial projects along the I-85 corridor are also moving forward.
Metro 63 is being constructed on Lane Street off I-85. Trammell Crow Company is constructing this new 755,928 square foot Class A facility. The facility is being built to house a wide variety of logistic firms. It should be completed by 2023.
Lakeshore Corporate Park, is also underway on Lane Street. Construction started this summer on 700,000 square feet of industrial space across three buildings. It will be completed by the end of 2023.
Water and sewer infrastructure is almost complete for the Kannapolis Crossing/Overlook85 development. Kannapolis Crossing is at Exit 65 and will include houses, restaurants, businesses, offices and more. Overlook85 is the industrial portion of the Kannapolis Crossing mixed use project off I-85 at Old Beatty’s Ford Road. Phase 1 includes up to 1.2M SF of industrial space to be completed by the end of 2023.
Spring 2022 Update
Work continues on the Downtown Revitalization Project
- VIDA - The apartment complex is open and almost 100% leased. The parking deck is open to the public. Construction on 200 Main (VIDA II) - which is an additional apartment complex adjacent to VIDA - is underway.
- Blocks 4 - Construction is underway on Block 4 for a multistory building which will include Towel City Tavern, Cannon Baller team offices, a store and apartments.
- Phase One of the Gem Theatre Restoration Project is complete. This work included restoration of the marquee, replacing the HVAC systems, and the addition of handicapp accessible restrooms on the first floor. The theatre is open - visit and enjoy a movie.
- The West Avenue Streetscape and Atrium Health Ballpark are open. The Kannapolis Cannon Ballers completed their first season in their new ballpark. They finished in 4th place in their division.
- Pennant Square Townhomes - Construction on the model and the first block of townhomes is underway. Over a dozen of the townhomes have already sold. Information on the townhomes - Charlotte@TriPointeHomes.com
- Over 30 new businesses are now open on West Avenue including restaurants, a brewery and cidery, pin bowling, bontiques, a barber shop, hair salon, coffee shop, bakery and much more.
Downtown Block Map - view this map which provides a snapshot of the downtown properties and their status.