Several private investment projects continuing in Kannapolis

The former Swanee Theatre is being converted to a live music venue. Plans call for it to open...
The former Swanee Theatre is being converted to a live music venue. Plans call for it to open this Fall.(David Whisenant-WBTV)
Published: Jun. 25, 2022 at 6:22 PM EDT
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KANNAPOLIS, N.C. (WBTV) - Private investment continues in the City. Several projects are under construction with others expected to begin soon. 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 apartments that will overlook Atrium Health Ballpark. It should open in late 2023.

The former Swanee Theatre is being converted to a live music venue. Plans call for it to open this Fall.

Three major projects along I-85 are also moving forward. Metro 63 is being constructed on Lane Street off I-85. Trammell Crow Company is building this new 755,928 square foot Class A facility. The facility is being built to house a wide variety of logistic firms. It should be completed by 2023.

Lakeshore Corporate Park, will be built on the site of the former Intimidators stadium. Construction will start this summer with the expectation of a company moving in within the two years.

Water and sewer infrastructure is almost complete for the Kannapolis Crossing development. Kannapolis Crossing is at Exit 65 and will include houses, restaurants, businesses, offices and more.

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