Mooresville commissioners voted late Tuesday to annex 15 1/2 Lake Norman acres where a Charlotte developer plans 283 condominiums and the lake’s first waterfront hotel.
Construction of the $250-million Sunset Cove hotel resort could now start in the second or third quarter of this year and finish in about four years, developer Brett Krueger told The Charlotte Observer on Wednesday.
The site across from the Lowe’s headquarters in southern Iredell County offers western sunset views, Krueger said. The property has 1,500 feet of waterfront, he said.
“The site is just a hidden gem,” he said.
Besides the brick and stone exterior condominiums, the Sunset Cove Hotel project will include a “boutique upscale” hotel with a restaurant and possibly a spa, plus waterfront space for weddings and other events, Krueger told the Mooresville Board of Commissioners in September when the board approved a rezoning for the project.
Krueger told the Observer he may convert about 100 of the condominiums into Airbnbs, adding to the size of the hotel.
The site is beside two existing hotels, the Tru by Hilton Mooresville and the Aloft Mooresville, Krueger said.
Krueger said he originally envisioned the hotel as an 82-room luxury hotel in 2019, “and then COVID hit.” It will now feature “most likely 30 or 35 rooms,” he said.
So he decided to move ahead with the condos first, he said. The Mooresville commissioners rejected his request because they wanted a site plan first, he said.
Meanwhile, he turned the planned hotel into a smaller boutique hotel, he said.
Commissioners approved a rezoning for the project in September. The board also agreed Tuesday to extend water and sewer to the site at Alcove Road and Culbreth Lane.
“It’s a long time coming,” Krueger told the Observer on Wednesday.
The “boutique” hotel and condo buildings will rise just north of the LangTree Lake Norman mixed-used community, which is at Interstate 77 Exit 31. The condos will be