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North Carolina

Spotlight on North Carolina Construction

By Industry Insights, North Carolina

Spotlight on North Carolina Construction

Ranked as the nation’s top state for business in 2022 by both CNBC and Forbes, North Carolina is a growing hot spot for manufacturing, technology, finance and more.

With one of the highest net migration rates in the country, folks have been consistently re-locating to the Tar Hell State for the past decade.

The state’s noted growth and pro-business climate is fueled by a few factors including access to professionals graduating from Research Triangle institutions, access to capital with four of the country’s top five branch banks headquartered in the state and quality of life.

Further, noted government investment incentives recently attracted Apple to build an east coast hub, Toyota to manufacture a battery plant, Boom Supersonic to construct an airline manufacturing facility VinFast to build an electric vehicle plant and Wolfspeed to design a microchip manufacturing plant.

It’s no wonder that Zillow ranked Raleigh and Charlotte in the top five hottest housing markets in 2022.

Summit in Charlotte

Originally invited by a multifamily client to build a couple projects in North Carolina, expanding to this booming real estate market was a natural move for Summit Design + Build.

Summit is actively working on Vida 2 – a 7-story building with first-level retail and 6 levels of 97 residential units in Kannapolis. And Stadium Lofts, also currently under construction, is two stories of retail and five stories of residential overlooking the Kannapolis Cannon Ballers stadium, a Chicago White Sox minor league baseball team. Expected to wrap this summer, the building will feature a lobby, fitness center, club room and a parking garage, and the apartments will offer balconies, and high-end appliances and finishes. In addition, the new building will house the Towel City Tavern with drinks brewed by the local Cabarrus Brewing Company and a top-shelf bourbon bar with seating overlooking Atrium Health Ballpark.

Drawn In

Just two miles west to the Appalachian Mountains and an hour and a half east to the outer banks of the Atlantic Ocean, the State offers whitewater kayaking, mountain biking, hiking, two national parks, bird watching, and great restaurants and wineries.

With a strong job and housing market and lower cost of living, as compared to other states and cities, people are drawn to North Carolina.

A commuter rail from Raleigh to Sanford is currently under construction, and is anticipated to bring more development to the area.

“We see North Carolina as being a very successful market,” relates Summit Design + Build’s project team. “The growth potential is astronomical.”

About the Author

Barbara Horwitz-Bennett is a seasoned architectural journalist, covering the design and construction industry for the past 20+ years. She writes for numerous industry magazines and creates content for AEC firms and product manufacturers..

Construction Kicks-off for Stadium Lofts

By News, North Carolina

New Kannapolis, NC Multifamily Project to Overlook Cannon Ballers Baseball Stadium

Summit Design + Build has kicked off the construction of a 69,000 sf ground-up multifamily project in Kannapolis, North Carolina. Once complete, the project will overlook the Kannapolis Cannon Ballers (a minor league baseball team affiliate of the Chicago White Sox) baseball stadium. The 7-story building will have two floors of retail/office space and five floors of 43 residential apartments. The building will feature a lobby, fitness center, club room, residential unit balconies and a parking garage. The project is expected to wrap up in Spring 2023.

This project marks the first construction project for general contractor, Summit Design + Build, in the state of North Carolina. The company has entered the North Carolina market encouraged by the massive growth of the area. Summit Design + Build focuses on providing a sophisticated construction management approach to make the construction process as painless and smooth as possible. The company’s construction services include Preconstruction/Planning, Construction Management, Design/Build, General Contracting and Sustainable Construction.

The developer of the project is Lansing Melbourne Group and Built Form is the project architect.