Kannapolis Revitalization
Fall 2022 Update
The City of Kannapolis has been named one of the Top 15 Cities in the U.S. for Corporate Headquarter Locations. The Charlotte Metro Region has been designated as the 8th Top Growing Economy in the U.S.
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 has been renovated and is now open.
- 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 expected t begin soon.
- 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.
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. Construction is nearing completion.
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.