SIMON to build a mall in Matthews-Mint Hill area within next 18 months

[Ja Rhule]

A premium outlet mall with over 100 stores and over 400,000 sqft will be located on Idlewild and I-485. SIMON built South Park mall and Concord Mills.

http://www.wsoctv.com/news/news/local/another-outlet-mall-being-planned-charlotte-area/nShS6/

I just bought a house 3 miles away so I'm excited as hell!

[Herbert The Love Bug]

yeah Simon builds awesome malls. I bet it will be top of the line

[NanuqoftheNorth]

That should really help out the traffic situation in Matthews/Mint Hill. :startle:

[Jase]

unless NCDOT makes them do a buttload of road improvements, there isn't much road infrastructure out there.

also i'll be curious to see how they overcome the environmental hurdles of the area.

[pstall]

supposed to be an outlet type. Tanger is also building one. Simon was my client when i was at bofa. they are LOADED.

[Anybodyhome]

A premium outlet mall with over 100 stores and over 400,000 sqft will be located on Idlewild and I-485. SIMON built South Park mall and Concord Mills.

http://www.wsoctv.co...tte-area/nShS6/

I just bought a house 3 miles away so I'm excited as hell!

Hate to be the bearer of bad news, but that'll shoot your property value in the a$$.

[Ja Rhule]

Hate to be the bearer of bad news, but that'll shoot your property value in the a$$.

How come?

[Brooklyn Bully]

Malls suck.

[Anybodyhome]

Here's a scientific study (it's a 5-page pdf file): http://www.cre.org/memberdata/pdfs/Shopping_Center_1985.pdf

Among many other possibilities, any time a piece of land comes up for re-zoning it has an impact on property values. The increase of traffic flow, noise and crime will be the three biggest factors accompanying a new mall to the area. The infrastructure to support the presence of the mall (road improvements, widening, traffic lights); more power lines, whether underground or above, will require digging or more poles. Parking lots are a favorite hang out for kids, even though some don't drive. Is your house located on a street that will become a major foot thoroughfare for the kids wanting to go hang out? These same parking lots are easy targets for those who make their living breaking into cars, especially around Christmas time.

Read about the history of the Eastland Mall here: http://en.wikipedia.org/wiki/Eastland_Mall_%28Charlotte,_North_Carolina%29

Now, this is not to say that the mall is going to turn the neighborhood into Coulwood. In fact, some of the safest areas of Charlotte are located nearby large shopping centers such as Southpark, Ballantyne and Matthews. Of course, when you look at the population demographics of these areas, you get a better picture of everything.

[Ja Rhule]

But this data is about shopping centers and not malls. Two are little different. I live off 51 in mint hill so the traffic will not increase by much. Traffic will explode on Idlewild Rd, Stallings Rd, and 51 in Matthews.

[Niner National]

But this data is about shopping centers and not malls. Two are little different. I live off 51 in mint hill so the traffic will not increase by much. Traffic will explode on Idlewild Rd, Stallings Rd, and 51 in Matthews.

This isn't going to be a mall in the traditional sense. It will not be indoors. It will be more like an outlet center...at least that is what I've heard.

These two outlet centers will be the death of Carolina Place Mall. That place was already struggling a bit and now that there are two new major shopping centers to serve South Charlotte shoppers, Carolina Place Mall will die.

I wouldn't be surprised if one of these two new shopping centers does not meet expectations. Charlotte will be way over-saturated with malls after this place and Tanger are built. Something will have to give.

[Niner National]

Hate to be the bearer of bad news, but that'll shoot your property value in the a$$.

At three miles away, he should be outside the area that will see a hit to property values.

[charlotte49er]

Just wish they could do something positive about the Pacers!

[pstall]

with the amount of demographic studies that go into this i wonder why both simon and tanger are doing this. maybe they think that with 74 getting another bypass built and some growth studies have shown that area goes up more. usually a mall is more methodical in the run up to be built but seems that there are just too many of the same things in the same corridor.