A furniture maker, expected to create 256 jobs, is considering locating its headquarters at The Grounds at Concord, where the Philip Morris plant once stood.
At Thursday’s meeting, the Concord City Council voted to offer an Economic Development Incentive Grant to construct the undisclosed company at the site to be located at 2321 Concord Parkway S.
The grant is in the amount of $803,515, which would be distributed to the company over five years.
City leaders did not identify which company will occupy the space.
The proposed development is called “Project Grand,” according to local leaders.
The company will be a professional provider of high-end integrated kitchen cabinets, appliances and customized furnishings, including closet systems, vanity suites and interior doors.
Project Grand will invest $86 million in Concord.
According to the City Council’s agenda, Project Grand specializes in research and development, manufacturing, sales, installation and services of integrated kitchen cabinets and customized furnishings.
The Concord location would include a total of 700,000 to 800,000 square feet of facilities developed over five years on a 60-acre site. It would house a headquarters, a manufacturing and distribution center and a development, design and training facility.
Project Grand represents a $70 million investment in real property and a $16 million investment in personal property.
The company is expected to bring in 256 jobs with average wages of $42,542.
Cabarrus County commissioners are scheduled to hold a public hearing Monday for the project.
In August, Carvana announced it will build an inspection facility at the old Philip Morris property, bringing with it nearly 500 jobs.
The Philip Morris plant in Concord closed in 2007, which impacted more than 2,500 employees.
Bootsmead LeaseCo LLC, a firm out of Charlotte, owns the property.