Apr
25

2,300 Acre Development Proposed on Lake Wylie

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Crescent seeks to build on 2,300 acres on Lake Wylie


Tracts on western side of lake could become one of the largest developments in Charlotte area

April 24, 2008

By Taylor Bright – The Charlotte Observer

Crescent Resources plans to develop more than 2,300 acres around Lake Wylie in York County for residential, retail and office space.

If it gets the go-ahead, it would be one of the largest developments in the Charlotte area.

The project’s acreage would be bigger than Highland Creek in northwest Charlotte and almost a third bigger than the Palisades in southwest Charlotte, which has 1,600 acres. Also, it would be about double the size of The Point on Lake Norman.

Crescent, a joint venture of Duke Energy and Morgan Stanley Real Estate Fund, said it wants to develop three tracts of land with Allison Creek Partners near the Catawba Nuclear Station on the western side of Lake Wylie.

The three tracts are a combination of 750 acres owned by Allison Creek Partners and 640 acres owned by Crescent on either side of Allison Creek, 330 acres on the Allison Creek peninsula and 460 acres around Crowders Creek.

Sites also are planned for an elementary school and possibly a high school within the project, said York County Councilman Tom Smith. Also, there is an area set aside for a public athletic park.

Smith represents the Lake Wylie area and has been involved in talks between Crescent and York County.

Mix of retail, residential

The change in zoning would open up the land for a mix of retail, residential and an office park designed with Daimler Trucks North America in mind, Smith said. Daimler Trucks was formerly Freightliner.

“We’re trying to put office on the lake rather than industrial,” Smith said.

Phil Hayes, director of land management for Crescent, said by e-mail that the company wants to “conserve more open space, provide better connectivity and create a common architectural theme” on the property.

While the companies had applied for rezoning of three tracts, two have since been withdrawn, said Stephen Allen, planning manager for York County.

“We are moving forward with this plan, and these tracts are still part of the project’s scope,” Hayes said.

The rezoning request for a 1,400-acre tract on either side of Big Allison Creek was not withdrawn. The plans for the other two tracts will be resubmitted in June.

Allen said the Crescent did not provide the county with a traffic impact analysis, which the county wanted for the application.

“There were some things that technically we didn’t like,” Allen said. “They read the tea leaves.”

Hayes said Crescent was making changes to its rezoning application. “The proposed uses for the property are not changing,” Hayes said.

Smith said the purpose of the plan was to keep higher density zoning off of the lake, and he lauded the company for smart growth.

“This is what it’s all about,” Smith said.

LINK TO ARTICLE HERE:

http://www.heraldonline.com/109/story/508853.html
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