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December 2019 Published monthly Business Intelligence for Lake Norman
Volume 18, Number 9 $1.50
Head of TDS sees growth in LKN area
The Office
Don’t be a holiday HR Scrooge
See Scrooge page 8
BY DAVE VIESER When Brett Krueger left his job as VP at Miami based MRK Investments, one of the first projects he dreamed of pursuing was a resort hotel on Lake Norman. “For a region where lake activities are such a major part of life, the lack of a high-quality lodging facility right on the water seemed hard to fathom,” Krueger said in an interview. That may change soon as Krueger plans a $33 million, 82-room resort hotel along Sunset Cove Lane in Mooresville, just to the northwest of Exit 31 on I-77. “Sunset Cove” will also include a beach and pool, a 4,000-square-foot conference center and an Italian steakhouse. The beach will be open to the public for a fee, and all 82 hotel rooms will have water views. Krueger formed Sunset Cove Partners LLC which bought the 15.5 acre site for $ 8 million.
Krueger says there’s plenty of interest among investors in the project. “There’s 520 miles of shoreline on Lake Norman, yet few people realize how important luxury lodging is to investment and positive growth for an area,” Krueger said. He cited the Trump National Golf Club Charlotte on the other side of Lake Norman. “They book some 6,000 rooms a year for their golfing enthusiasts and a good many go down to Charlotte. Having a five-star Krueger hotel ten minutes away makes business sense on all sides,” said Krueger. In addition to the hotel, beach See Sunset Cove page 22
HOT PROPERTIES
Corporations
Transactions Mecklenburg
Page 14
Iredell
Page 16
Foreclosures 6418 Stephens Road Huntersville, $1,440,000
See TDS page 22
RECORDS
Page 20-21
Mecklenburg
Page 18
Iredell
Page 18
Mecklenburg Cabarrus
Page 18 Page 19
Iredell
Page 19
Denver
Page 19
www.businesstodaync.com
PRSRT STD US POSTAGE PAID WINSTON-SALEM, NC PERMIT NO. 319
Plan for more PTO Employers should prepare for an increase in paid time off (PTO) requests. Leaders should ensure their organization has clear
LKN hotelier has luxury pedigree
DATED NEWS - POSTMASTER PLEASE DELIVER By 12/7
Schedule flexibility Between balancing work deadlines and personal commitments, employees may have more on their plate during the holiday season. Managers can offer breaks to allow time for employees to accomplish personal tasks. Additionally, some companies may offer floating holidays, opportunities to work remote or even implement a shorter work week.
An 82-room, 5-star luxury waterfront resort in Mooresville
Business Today P.O. Box 2062 Cornelius, NC 28031
Business owners and managers may see increased stress levels among employees around the holidays. We all know they can be stressful, and sometimes the stress shows up at work. You might not have any control over what happens at home, but you can help team members to remain focused and productive at work. Erin Lau, human resources manager at Insperity, offers the following tips for leaders:
BY DAVE VIESER If you thought TDS Telecom is buying the former Mi-Connection just to be a caretaker, think again. TDS has big plans for the cable system now known as Continuum. It serves Mooresville, Davidson and Cornelius, but it’s owned by Mooresville and Davidson. Voters approved the sale to TDS for $80 million in the November election,. TDS CEO Jim Butman sees the greater Lake Nor- Butman man area as a high-growth region, well ahead of the national average. In an exclusive interview with Business Today, the 62-year-old Wisconsin native said that while Mooresville and Davidson were restricted by state law from expanding beyond their municipal boundaries. TDS will not be bound by that restriction, Butman said. While it’s not set in stone, Davidson officials are looking for the deal to close this month. Butman had high praise for Continuum and the managers who ran it including CEO David Auger. He passed away last May after leading a successful turnaround. “They built a strong foundation and reputation for providing reliable, high-