Insite Properties plans 0 million in new Kannapolis development
KANNAPOLIS — The Kannapolis City Council is supporting a projected $500 million investment by Insite Properties and its partners for properties dow...
KANNAPOLIS — The Kannapolis City Council is supporting a projected $500 million investment by Insite Properties and its partners for properties downtown and surrounding the N.C. Research Campus. Castle and Cooke, the company that owns numerous real estate assets in Kannapolis and some of the former Cannon Mills sites, decided to sell all North and South Carolina properties last year. Many of the properties located in Kannapolis are considered key to the successful economic health of the city. Insite Properties, a regional development firm located in Charlotte, is in the process of purchasing the properties and will facilitate a projected investment estimated to be at least $500 million in the northern area of downtown Kannapolis.