No where is growth and new construction on Lake Norman more evident than at Mooresville’s Exit 31 where the photo above shows the luxury apartments and other buildings in Phase 1 of Langtree at the Lake well under way. It took 6 years from its original ground breaking on August 11, 2007: Lake Norman’s Langtree At The Lake: Not Just Another Groundbreaking! but thanks to RL West, this huge project is actually going to become a reality very soon!
Considered truly informational to Lake Norman, the eventual build-out of Langtree is estimated at $2 billion according to company officials which even exceeds the original plans for a $850 million luxury condominium and resort development.
Phase 1, which is located on the southwest corner of Exit 31, will have a total of 800,000 square feet within 7 buildings with rental luxury apartments, retail, restaurants and other amenities including the “Gateway Building” RL West’s new headquarters which will be moving to Lake Norman from Ohio. The first floor of each building will be retail and the additional 4 stories will be 300 residential apartments.
Despite lease rates that are highest in Lake Norman, over 70% of Phase 1 is already leased. Confirmed tenants according to an article in September’s Business Today include:
- Caprese, an Italian restaurant (by the current owner of The Egg at Davidson)
- A Neapolitan style eatery featuring artisan pizzas (by the current owners of Brooklyn Boys Pizza)
- Vanilla Sky Ice Cream
- Hibachi Express and Sushi
- Wild Wing Cafe
- Broad River Coffee Co
- David Beth and Company day spa
- Orchid Nail Salon
- BoneHeads, an upscale restaurant, was in negotiations
- A martini bar
- A cocktail lounge
Announced just last week is the addition of a 14-story building which will obviously be the tallest building at Lake Norman. The “EthoSphere” will be a 350,000 square foot building that will include retail, commercial and residential floors and a 150-170-room full service hotel. There will be a 12,000 square foot adjoining meeting space that could hold 1000 people according to Steve Welly, president and CEO of R.L. West Properties. Its proximity to Lowe’s International headquarters and Ingersoll Rand’s North American Headquarters will provide much needed meeting space to the Lake Norman area.
In total, Langtree at The Lake will be built on 300 acres over the next decade. This long-planned mega dream is truly coming to a reality and serves as yet another example of the incredible future of Lake Norman and it’s economy!