Kannapolis Real Estate

Kannapolis is located in the tri-county area of Cabarrus, Mecklenburg and Rowan Counties. It lies northeast of Charlotte and neighbors Concord. This city is currently re-writing history with the introduction of a major North Carolina Research Campus. 2000 Census data reveals 38,245 residents, but this city projects continued and rapid growth as the Campus nears completion. Real estate investors and residents alike look forward to this great addition to the city of Kannapolis.

Kannapolis Real Estate and the North Carolina Research Campus

The Kannapolis Real Estate landscape is rapidly changing with the NC Research Campus. This mammoth project is a joint venture between Dole Foods, Duke University and the University of North Carolina system. Built on the site of a former textile mill, this redevelopment will re-write the history for this North Carolina city. Components of the campus include the Dole-NC State Institute for Advanced Fruit and Vegetable Science; the UNC Center for Excellence in Nutrition; a science

boarding school for girls directed by UNC Charlotte; a state-of-the-art Dole Analytical Laboratory; a fermentation facility; and an incubator for start-up firms. Laboratory Corporation of America (LabCorp) will also establish a major presence within the development. Duke University will also locate its Institute for Translational Medicine to the NC Research Campus. In addition to the Institute, Duke Scientists will also run the Core Lab. The total investment is projected at $1 billion for research facilities, office space, town homes and retail. The UNC institutions will then fund and operate their individual programs. According to the City of Kannapolis web site, “Through this development in downtown, Kannapolis will truly become a new city for a new century.”

 

Kannapolis Real Estate History

The Cannon Mills Corporation was once the major source of economic strength for this city and its citizens. In fact, Kannapolis derives its name from variations of “Cannapolis.”  In 1906, James William Cannon bought several farms to build Cannon Mills Company. Over the years, Cannon Mills became the world's largest producer of household textiles and a household name. Kannapolis was built as a mill village of small craftsman style homes. The mill employees lived in the homes.

Kannapolis Real Estate—Educational Options

Kannapolis City Schools is the primary school system for the city. Two additional systems also serve its jurisdiction: Cabarrus County Schools and Rowan-Salisbury Schools.

 

Kannapolis Real Estate Culture and Recreation

Over the past 10 years Kannapolis Real Estate Market has seen a new a $4 million YMCA, a Senior Center, a Public Library, and a baseball stadium for the Kannapolis Intimidators (a Class A affiliate of the Chicago White Sox). Kannapolis is home to racing legend Dale Earnhardt and the town hosts many memorials in his memory.   Kannapolis is also home to the Gem Theatre, one of the only remaining single screen theaters in operation. The city also hosts a number of recreational facilities including five parks, ball fields, an amphitheater, and greenways.