The City of Mooresville has just announced plans to rebrand a major new 400-acre mixed-use development off Exit 31, which they anticipate could bring over $1 billion in corporate investments.
The new project is now being called ‘Silicon Shores’, as area economic development officials hope it will become a technology hub for the region. It is sandwiched between Lake Norman, I-77, Langtree Road, and N.C. 115 in Mooresville;
According to a recent press release, Russ Rogerson, president and CEO of the Iredell County Economic Development Corp., the new project was compared to LangTree Lake Norman, only much larger, and with much greater potential.
“We believe $1 billion in development is a very realistic estimate,” he noted.
The project will include residential communities, office complexes, national headquarters, and a wide variety of new retail offerings.
Construction on 2 new six-story hotels has already started on a 4-acre site just off exit 31, which will now be included in the ‘Silicon Shores’ project.
What do you think about the new project?