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Developer Assembling 550-Acre Parcel for Planned $250 Mil Park

SALISBURY, NC-Winston-Salem developer Rick Stanley already has acquired 320 acres for the planned Platinum Business Park southwest of here and about 50 miles northeast of Downtown Charlotte. Development costs alone could reach $20 million.

By Robert Anthony | Updated on November 08, 2000

SALISBURY, NC-Site preparation for the planned 550-acre Platinum Business Park could get under way by first quarter 2001 if Winston-Salem developer Rick Stanley completes his land assemblage for the project shortly. The site is southwest of here on eight-lane Interstate 85 and about 50 miles northeast of Downtown Charlotte.

The project has deep pockets behind it. Stanley is president of Platinum Construction Co. which is financed by software magnate Andrew Filipowski. He sold his Platinum Technology International last year for $3.5 billion.

Stanley is three-quarters of the way to his assemblage target. He already has acquired 320 acres and has also bought the site of the former Carolina Tuff-Lite Corp. He anticipates the retail portion of the venture will be leased quickly because it will offer a truck stop, hotel and highway commercial-zoned parcels.

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