Lauderdale developer wins bid for Carolina project

Peter Flotz of Lansing Melbourne Group

Peter Flotz of Lansing Melbourne Group

 

A Fort Lauderdale-based developer advanced its plan for a $60.6 million mixed-use project in North Carolina.

 

Lansing Melbourne Group outbid another firm for an opportunity to initiate a multi-stage downtown redevelopment in Kannapolis, North Carolina, a suburb northeast of Charlotte.

 

The Kannapolis city council chose Lansing Melbourne to purchase four acres of city-owned land for $1.7 million and to redevelop it with private funding.

 

Peter Flotz of Lansing Melbourne told the Salisbury Post, “We are comfortable working with government and feel like the market is strong here.”

 

The next step in the multi-use project is completion of a master development agreement detailing the project’s design, finance, construction, operations and ownership.

 

Mayor Darrell Hinnant told the Salisbury Post, “We feel like the community is excited about this project.”

 

Lansing Melbourne plans to build multi-story structures with residential units and retail store space, plus a parking garage.  [Salisbury Post]  – Mike Seemuth

 

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