John W. Harris III |
Charlotte,
NC (Nov. 6, 2015) – A joint venture between Lincoln Harris and The Cato
Corporation has filed for rezoning of a 360-acre site in York County, South
Carolina.
The plans for the site, which included the former Charlotte Knight’s
baseball stadium, provide for 4 million square feet of Class A office space,
100,000 square feet of retail space, 300 residential units and a 150-room
hotel.
Cato
selected Lincoln Harris to be their joint venture partner earlier this year.
“We
are excited to partner with a company like The Cato Corporation to bring this
much-needed development to the state,” said John Harris III, President of
Lincoln Harris.
“This site offers a fantastic location immediately adjacent to
one of the first interchanges in South Carolina off I-77. Many companies have
expressed a strong desire to locate to South Carolina, specifically to this
growing region.”
John Cato |
The
Cato Corporation purchased 300 acres in the Gold Hill Road area in 2012, with
plans to build a distribution center. And more recently, Cato purchased the
former Charlotte Knight’s baseball stadium site and other adjacent parcels.
“Cato
is excited about the development of the Gold Hill property,” said John Cato,
CEO of The Cato Corporation.
“Although our original intent for the property was
development of a new Cato distribution center, we now feel the property has
greater potential as a Class A mixed-use development. Cato has enjoyed a strong
working relationship with York County, and has invested in additional property
within York County for future distribution center development.”
The
joint venture plans to finalize rezoning in the first quarter of 2016. Phase I
is slated to include 500,000 square feet of office space, 100,000 square feet
of retail space, 300 residential units and a 150-room hotel.
For a complete copy of the company's news release, please contact:
Savannah
Duncan • The
Wilbert Group
1720
Peachtree St., Suite 350 • Atlanta,
Ga. 30309
O: 404-343-0870 • M: 404-901-4433
thewilbertgroup.com
O: 404-343-0870 • M: 404-901-4433
thewilbertgroup.com
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