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	<title>Rowan Archives - VRJ Properties</title>
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	<title>Rowan Archives - VRJ Properties</title>
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		<title>Work to Begin on $100M, 2.6M SF Rowan County Business Park</title>
		<link>https://vrjproperties.com/work-to-begin-on-100m-2-6m-sf-rowan-county-business-park/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 06 Mar 2024 15:14:04 +0000</pubDate>
				<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[100M]]></category>
		<category><![CDATA[2.6M]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[County]]></category>
		<category><![CDATA[Park]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Rowan]]></category>
		<category><![CDATA[Work]]></category>
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					<description><![CDATA[<p>Red Rock Developments has put off building a six-building, 2.6 million square business park in Rowan County, blaming market conditions. The Charlotte Business Journal reports the group is now ready to move forward on the project that has received a...</p>
<p>The post <a href="https://vrjproperties.com/work-to-begin-on-100m-2-6m-sf-rowan-county-business-park/">Work to Begin on $100M, 2.6M SF Rowan County Business Park</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="d121929e-737d-42e6-99e2-0d12721d3365"><strong>Red Rock Developments</strong> has put off building a six-building, 2.6 million square business park in Rowan County, blaming market conditions. The Charlotte Business Journal reports the group is now ready to move forward on the project that has received a number of economic incentives. </p>
<p data-beyondwords-marker="9b90be67-3346-4672-a0a7-d3597b17e90a">Carlton Farms will be built in three phases, with buildings ranging from 168,000 to 1.1 million square feet.</p>
<p data-beyondwords-marker="e197d0e5-9376-476d-b1df-676a096e106e">The county incentives include public infrastructure reimbursements for the project worth up to $4.2 million. Red Rock must develop with a minimum assessed tax value of $100 million to receive the incentives. The initial agreement required a $117 million investment in the project’s first phase. The county could also consider additional incentives for the project once the $100 million assessed tax value is reached.</p>
<p data-beyondwords-marker="66c22655-19ec-4828-913c-c48a0b55cdbf">The Carlton Farms site, which has been owned by the Carlton family, is near Exit 81 of Interstate 85 and neighbors Chewy’s large fulfillment center.</p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/work-to-begin-on-100m-2-6m-sf-rowan-county-business-park/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/work-to-begin-on-100m-2-6m-sf-rowan-county-business-park/">Work to Begin on $100M, 2.6M SF Rowan County Business Park</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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