Kannapolis Block 3
This historic downtown mill area has been transformed into mixed-use retail and entertainment areas. Located directly across from this block of retail is the newly constructed Kannapolis baseball field.
Kent Gregory, VIDA co-developer with Peter Flotz, commented on the project by saying, "In addition to the expansion of the Old Armor Beer Company we will be announcing plans this summer to bring entertainment options to the lower level of the old buildings on West Avenue". Many new retail tenants have recently opened and many are under build out now.
Additionally, VIDA is one of the first opportunity zone projects in the United States. The Federal Opportunity Zone designation provides tax benefits to private investors who invest in properties which need to be revitalized.