The City of Concord just approved a massive new $125 million industrial complex between Charlotte and Concord to be named ‘Concord Commerce Park’.
The Fortius Capital Partners project is estimated to be worth up to $125 million and will add approximately 1.3 million square feet of industrial space to our region.
The new industrial megasite will be built just off the Concord Pkwy (29) just north of Harrisburg.
According to the Charlotte Business Journal, the new project would include a total of nine industrial buildings, ranging from 84,000 to 250,000 square feet, to be completed between 2024 and 2028.
The city has sanctioned a five-year incentives grant for the project, potentially worth $2.55 million, based on the total investment. The development also includes $11.2 million in public infrastructure upgrades, including new roads and utilities around the sprawling complex.
What do you think about the new project?