By JONATHAN COX
To keep pace with growth, consultants say the town of Davidson needs to nearly double its amount of retail space. An estimated 6,000 people are expected to move to the town over the next five years, increasing demand on Davidson’s limited number of stores.
The University of North Carolina School of Government has done a market analysis of downtown Davidson, and found that existing retail options fall far short of demand. The average American town has 45 square feet of retail per person – Davidson has just 17. So shoppers from the Davidson area spent $177 million outside the area last year, driving to Huntersville or Mooresville, for example, to do their shopping.