Here’s what’s happening to a former Kmart site in Concord
CONCORD, N.C – An affiliate of MPV Properties in Charlotte has bought a former Kmart property in Concord with plans to redevelop it for retail and entertainment uses.
MPV wants to create a “multitenant income producing investment” in the former 175,000-square-foot building. Construction work on the site is scheduled to begin next month.
Last month, Concord Retail Investment Group, a company with connections to MPV, paid $5.9 million for the 26 acres at the now-closed Kmart, at 545 Concord Parkway North in Concord. The former owner was listed as Seritage KMT Finance of New York…..
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