The Carolinas have a significant number of abandoned cigarette manufacturing plants, including the former Philip Morris plant near Charlotte. This site has garnered considerable attention from potential users seeking large industrial spaces.
Nicolock Paving Stones LLC is the latest company considering an investment at this location. The New York-based manufacturer specializes in paving stones, retaining walls, and outdoor-living products and is looking to establish a 50,000-square-foot manufacturing facility at 3010 New Town Way SW. To support this venture, they are requesting just over $500,000 in grants from local government entities such as The City of Concord and Cabarrus County to cover some infrastructure costs. In return for their investment of $22 million into the site.
In recent years, other major players have also taken notice of this prime location for development opportunities. Pharmaceutical giant Eli Lilly and Co., broke ground on its billion-dollar campus last year while Old Dominion Freight Line received approval from Concord City Council earlier this year for their project at The Grounds. Carvana and GoldenHome International are among other companies that have chosen to invest in projects within the expansive 2
