Lake Davidson Village. Langtree Road - Exit 32 Mooresville, North Carolina

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1 Langtree Road - Exit 32 Mooresville, North Carolina

2 Executive Summary: Lake Davidson Village is located at Exit 32 interchange at Langtree Road and Interstate 77. This new interchange is the first exit in Iredell County, just north of the Mecklenburg County line (Charlotte). The property fronts on Langtree Road, Transco Road, Interstate 77 and Lake Davidson. Lake Davidson Village is across the street from Lowe s Home Improvement Headquarters. Acreage: 50+/- acres Tax Parcel Numbers: (47.36 acres), (.68 acres), ( 1.9 acres) Topograhpy: Flat in some places but mostly gently rolling. Watershed: The property is currently located in W-S4 critical area 50% Maximum Impervious. Utilities: Water and Sewer are being engineered to service this area. Gas and Electricity are available. Current Zoning: Site plan approved with Town of Mooresville for the following: Office: +/- 200,000 square 3.0 spaces per 1,000 square feet Retail: +/- 18,000 square feet Shops and 5.5 spaces per 1,000 square feet (1) 3,500 square foot Bank Branch 6.5 spaces per 1,000 square feet (1) Convenience Store Residential: Multifamily Garden 140 units, 248 parking 1.78 spaces per unit Multifamily Big House 81 units, 136 parking 1.68 spaces per unit Hospitality: 4-5 story hotel space per room

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5 Approved Site Plan:

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8 Demographic Summary:

9 Market Summary: Mooresville is located in southern Iredell County in the Piedmont region of North Carolina. The Town s location between the Charlotte metropolitan area and the city of Statesville, the County seat, has created diversified employment opportunities. The Town is the municipal center of the Mooresville-South Iredell region, an area that boasts Lake Norman, the state s largest man-made lake by surface area with 520 miles of shoreline. The Town has experienced significant residential and commercial growth in recent years. Census figures reflect an increase of approximately 100% in the Town s population between 1990 and The estimated population in 2007 was 26,689. The Town s employment base is diversified including corporate headquarters, manufacturing, medical, governmental and retail activities. Known as Race City USA, the Town attracts new and expanding investments by numerous NASCAR teams. Mooresville s downtown area offers a variety of goods and services including retail, governmental services and the community s Charles Mack Citizen Center. Mooresville is located within 15 miles of three interstate highways and is approximately 23 miles form the Charlotte-Douglas International Airport. Interstate 77 passes through the Town and Interstates 40 and 85 are within a 15-minute drive. Source: Town of Mooresville Due to it s accessibility to three major interstates and a major international airport, 54% of the U.S. population live within a 650-mile radius of Mooresville a day s drive or a 90-minute flight. Source: South-Iredell Chamber Lake Davidson Village Mooresville and Statesville, North Carolina, have been named the No. 2 Micropolitan Area in the Nation for 2010, Site Selection magazine announced in its March issue. The U.S. Census defines a micropolitan area as a rural county whose largest city does not exceed a population of 50,000. The United States has a total of 576 micropolitan areas. This marks the seventh (7th) consecutive year that Mooresville/Statesville community has received the distinctive honor of being No. 1 or No. 2. The Site Selection ranking, which groups Mooresville and Statesville in the same area, named the Thomasville/Lexington area as the No. 1 Micropolitan for Mooresville and Statesville are both located within the 16-county area known as Charlotte USA and are both served by the Charlotte Regional Partnership. "This level of achievement is reached only through a strong collaborative effort among the public and private sectors," said Ron Johnson, Chairman of the MSIEDC. "That is the foundation of the MSIEDC." According to Site Selection magazine, the majority of our community s capital investment projects in 2010 were the result of existing industry expansions. This is definitely a clear indication that business and industry in our community is stabilizing and continuing to find growth opportunities. Creating new jobs and increasing capital investment in our community takes a cooperative effort on behalf of local governments, businesses and citizens, added Carney. This ranking advances our commitment to continuing that process and effectively deploying economic development resources both nationally and internationally. Source: Mooresville South-Iredell Economic Development Corporation (MSIEDC)

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