The Kannapolis City Council just approved the final plans for a new mixed-use development that will include 200 apartments and 35,000 square feet of retail space.
The project will generate an estimated $208,000 in taxes every year for the city.
It will be located in the 200 block of West Avenue that includes the old Cabarrus Bank building and Kannapolis Rotary Hall.
Those buildings would not be demolished, but a vacant building that sits between Rotary Hall and the parking lot would be demolished as well as Transit Damaged Freight.
If all goes according to plan, construction could begin as early as spring 2017.