1. Economic Framework

2. Charlotte Metro Area 36th most populated Metropolitan Area in U.S. (2005) Mecklenburg County accounts for about 50% of Metro population Metro Area (Yellow)

3. North Mecklenburg County Demographic Trends & Implications Huntersville Cornelius Davidson

4. Huntersville Source: UNC Charlotte Urban Institute Source: Current population ~ 40,000 2030 population 2.5 times current population Projected avg. annual growth rate over 4%

5. Cornelius Current population about 21,000 2030 population 1.8 times current population Projected avg. annual growth rate over 3.2%

6. Davidson Current population ~9,000 2030 population 2.5 times current population Projected avg. annual growth rate over 3.6%

7. Building Permit Trends

8. Median Household Income

9. Per Capita Income

10. 3 Towns’ Population Growth to 2020: Economic Implications ~ 21,000 new housing units 2,500,000 to 3,000,000 Square Feet of Shopping Center-Inclined Retail to Service Population 800,000 – 1,000,000 Square Feet of Financial and Other Services Space to Service Population

11. Residential Current Conditions 75% of existing housing single family detached or attached, 25% multi-family 60% of households 1 or 2 persons 75% of households own

12. Residential Considerations ~ 21,000 new housing units Likely increase in smaller households The future potential –One-third multi-family ~ 6,900 Units –Two-thirds single family – 14,200 Units

13. Major Mixed-Use Projects Approved & Proposed

14. All Planned & Proposed Residential Note: Proposed “Bryton” TOD driving the multifamily proposed number.

15. Residential Opportunity Mixed-use village product in non-urban setting Mixed-use residential near commuter rail line Retirement housing

16. Retail 2.5 to 3.0 million square feet of new retail potential Major mixed-use centers have plans for almost 2.0 million square feet

17. Retail Opportunity No supply in Study Area to the east of NC 115 6-Minute Drive time can support neighborhood center 2012 Prosperity Church connection - community center

18. County Employment Growth Implications

19. Employment: Mecklenburg County Source: North Carolina Employment ~158,600 new jobs 2007-2020

20. Employment Growth Implications Office Space 2020 20M square feet of new office space in County From 4 th Qtr 2005 to 2 nd Qtr 2007, North Submarket captured 15% of County absorption If Huntersville, Cornelius, and Davidson capture 15% of potential approximately 2,500,000 square feet of office potential

22. Office Opportunities Convenient access to wealthy growing population –Small professional office potential in mixed- use settings –Medical office

23. 16,000 new jobs in Wholesale Trade, Transportation & Warehousing industries; 5,000 fewer manufacturing jobs @ 500 to 700 sf/job – 8-10 Million SF of flex, industrial, warehousing From 1 st Qtr 2006 to 2 nd Qtr 2007, North Submarket captured 10% of new County space North market potential of 1 Million SF Employment Growth Implications Industrial Space 2020

24. Existing, Planned & Proposed Industrial Space

25. Flex Industrial Opportunities NC 115 logical location for flex, corporate uses – near North 77 Business Park, Bailey Commerce Available built flex is constrained, but there is plenty of business park land Kannapolis Research Park Spin-Off Companies Study Area land very valuable

26. Conclusion Position in contrast to I-77 Mixed-use village settings nodes “lifestyle” –Professional office –Neighborhood and community retail –Multi-family & retirement housing opportunities NC 115 Potential Employment Uses