Nov
19

For Some Retail Projects, It’s Full Speed Ahead

By

Housing slump has put a halt to some developers’ plans, but not all

– Charlotte Observer

Retail developers thrive on housing growth.

They build shopping centers to meet the demand for stores, restaurants and services as homeowners move into new neighborhoods.

But when the housing market slumps, retailers typically slow expansion, and developers put projects on hold.

That’s happening today throughout the Charlotte region, but retail growth is still occurring in certain pockets under the right circumstances.

A recent example is Crescent Retail’s 425,000-square-foot Mill Creek Commons under way on 75 acres off Lake Wylie at S.C. 557 and S.C. 274 in York County, S.C.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.charlotteobserver.com/dougsmith/story/362123.html

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