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Interstate 85 Exit Area on Fast Development Track

CONCORD, NC-The growing cluster of retail ventures leading to Concord Mills and Lowe's Motor Speedway, five miles north of Downtown Charlotte, shows no signs of slowing down.

By Robert Anthony | Updated on December 14, 2000

CONCORD, NC-Retail development at the the Interstate 85 exit, five miles north of Downtown Charlotte, is on a roll. New and expanding projects envelop the entire axis.

For example, on one side of the interchange is the year-old, 1.2 million-sf Concord Mills, which continues to add retail space. A nearby 300,000 shopping center is expected to have its first tenant early next year.

Market Place, the Mills Corp.’s shopping center across Interstate 85 from the mall, is adding 108,000 sf of retail. Mills bought the land from Tanger Outlet Center Inc. in 1998 for $5 million after Tanger canceled plans for the site.

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