This seems to be a well conceived well executed traditional neighborhood development that got caught in the downturn in the national economy. Some of the Stowe family is involved in development of Eagle Park; with Graham, it seems unlikely that this development will ultimately fail, or that if it did fail, that another developer would not eventually pick it up and complete it. As close as it is to downtown, the City will be encouraging its continuation.
Belmont is a very desirable small town community with an intact and vibrant downtown, areas along Lake Wylie and The Stowe Botanical Gardens. A second crossing of Lake Wylie and access to the airport is in the planning stages and will substantially shorten commute times from Charlotte to Belmont - especially the southern portions.
The new construction has slowed due to the slowdown in sales of existing inventory that was built on spec. There has been a downward pressure on prices for the sale of these homes. 11 homes have sold here since 1/1/08 from the low 200's to the upper 300's. An average of one a month is not bad. There are 2 homes under contract and 8 currently listed for sale. Once inventory has been sold out and the builders start new construction, the prices will not remain this low.