The Kannapolis City Council will vote Monday night on a development proposal for the former Kannapolis Intimidators Stadium property.
The proposal would allow Fortius Capital Partners to purchase the former Kannapolis Intimidators Stadium for $3 million. The 55-acre site is on Lane Street near the Interstate 85 Exit 63 interchange and has excellent access to Charlotte and Greensboro. The property is next to Lake Fisher, a protected reservoir.
The site is being sold now that the Kannapolis Cannon Ballers are at their new home, Atrium Health Ballpark, in downtown Kannapolis. The former stadium will be transformed into a corporate business park by Fortius Capital Partners.
Fortius Capital Partners, a Concord-based developer, is partnering with Richardson Properties as the capital partner and Windsor Commercial as the general contractor. The group plans to build three industrial buildings on the site, ranging from about 100,000 square feet to 300,000 square feet. The site will now be known as Lakeshore Corporate Park. The total development is expected to be about 600,000 to 660,000 square feet on about 31 acres of the site, with about $49 million in development costs.
Fortius plans to target manufacturing, assembly and distribution companies to move into the buildings and bring hundreds of jobs to the city. Expected buildout is about three to five years. The developer will donate 3 acres at the north end of the site for the city to use for a future fire station.