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CenterPoint Partners purchases land intended for 43-acre Kannapolis mixed-use community.

Published Aug. 4, 2022 | Source: Charlotte Business Journal

Group buys land for Kannapolis mixed-use project after securing rezoning earlier this year

Earlier this year, an entity rezoned land in Kannapolis for a mixed-use project. That same entity — named CP Kannapolis Investments LLC — has now purchased the site.

Last month, CP Kannapolis Investments acquired several parcels totaling nearly 43 acres off Dale Earnhardt Boulevard. The entity paid $5.3 million for those parcels, according to Cabarrus County real estate records. During the rezoning process, it laid out plans for a range of residential and commercial uses at a project named Earnhardt Town Center.

Documents show that CP Kannapolis Investments is affiliated with CenterPoint Group’s Daryl Hayes. An attempt to reach Hayes for more information on plans for the project was unsuccessful.

The applicant has rezoned approximately 54 acres but plans included in city records from a January rezoning meeting indicate the project would span 40 to 43 acres. The rezoning request was initially heard by the planning and zoning commission in January and was approved. The applicant had an amendment to the request approved in April.

Documents from the January rezoning meeting laid out the multi-phased project in detail. It showed plans for a first phase with for-sale townhomes and a second phase with senior housing. There were also plans for apartments, retail and medical office space. It is unclear if those plans have changed since the rezoning was approved.). That same entity — named CP Kannapolis Investments LLC — has now purchased the site.

Last month, CP Kannapolis Investments acquired several parcels totaling nearly 43 acres off Dale Earnhardt Boulevard. The entity paid $5.3 million for those parcels, according to Cabarrus County real estate records. During the rezoning process, it laid out plans for a range of residential and commercial uses at a project named Earnhardt Town Center.

Documents show that CP Kannapolis Investments is affiliated with CenterPoint Group’s Daryl Hayes. An attempt to reach Hayes for more information on plans for the project was unsuccessful.

The applicant has rezoned approximately 54 acres but plans included in city records from a January rezoning meeting indicate the project would span 40 to 43 acres. The rezoning request was initially heard by the planning and zoning commission in January and was approved. The applicant had an amendment to the request approved in April.

Documents from the January rezoning meeting laid out the multi-phased project in detail. It showed plans for a first phase with for-sale townhomes and a second phase with senior housing. There were also plans for apartments, retail and medical office space. It is unclear if those plans have changed since the rezoning was approved.

CP Kannapolis Investments LLC has received rezoning approval for around 53 acres off Dale Earnhardt Boulevard to pave the way for a mixed-use project there.

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