The project may be this area's first hard look at a concept beginning to catch hold nationally--owners and employees desiring to live and work in their place of business.

Lake Properties, the developer, says the planned community will have office, retail and residential space. The site is near the company's new two-story, 10,000-sf office building on West Catawba Avenue. A portion of the 46,000-sf first phase will be built beside the new office building.

The developer didn't disclose estimated construction costs but industry estimators familiar with comparable projects tell GlobeSt.com the hard construction cost will be at least $50 million.

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