Megan Pillow | .(JavaScript must be enabled to view this email address) | Aug. 10, 2007

The shovel has finally been put to the ground on South Iredell’s most highly anticipated development in years.

Langtree at the Lake, the three-phase, $800 million mixed-use project, slated to take up 128 acres on three of the four quadrants at Interstate 77’s future Exit 32, held its groundbreaking ceremony Thursday afternoon.

Despite record-high temperatures, a large crowd turned out for the brief outdoor ceremony, which featured speeches and remarks by a number of local and regional dignitaries. Brad Howard, who, along with his father, Rick Howard and several other local developers makes up Atrium at the Lake, LLC, which is in charge of the project, introduced the speakers and thanked the guests for coming.

“I know that Langtree at the Lake is going to be the hottest project in the region, but I didn’t know the groundbreaking was going to take place on the hottest day in 148 years!” he quipped.

Langtree at the Lake is expected to increase Mooresville’s property tax base by $4.5 million and Iredell County’s by $3.75 million. Phase I will begin in the first quarter of 2008 and will include 270 high-end lakefront condominiums, shops, a corporate center, and a daycare center. The entire project is slated to be complete by 2015.

After an invocation by the Rev. Patrick Hamrick of Fairview United Methodist Church, David Priester, a principal developer for the Carolinas division of Choate Construction addressed the crowd, followed by Karen Shore, executive director of the Mooresville-South Iredell Chamber of Commerce.

“Folks, this will take tourism in this area to an entirely new level,” said Shore. “The spirit of entrepreneurism is alive and well in this project.”
Mooresville Mayor Bill Thunberg and Vice Chairman of the Iredell County Board of Commissioners Sarah Haire Tice also spoke.

“This project is becoming a jewel in the crown of Iredell County,” Tice said.

David Jacobs, another developer involved with the project, also spoke of the importance of the day, which he said had involved a great deal of planning and was finally ready to take the next step.

“Let the building begin,” he said.

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