A family’s efforts to reunite + TD Bank exec explains the company’s Charlotte move

Hey, everyone! Drew here. Happy Wednesday!

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Here’s the news for today, take it easy!

1. An orphaned teen is stuck in London. Will her aunt, uncle be able to get her to Charlotte?

Sushila Rayaprolu, left, and her husband, Arun Kallikadavil, talk with their niece, Pramiti Taranikanti on a video call in Charlotte, N.C., on Thursday, September 22, 2022.
Sushila Rayaprolu, left, and her husband, Arun Kallikadavil, talk with their niece, Pramiti Taranikanti on a video call in Charlotte, N.C., on Thursday, September 22, 2022.

Being separated from family can be tough, but when you’re on a different continent, it’s an awful situation.

That’s what’s happened to 16-year-old Pramiti Taranikanti. After losing her mother to cancer in November 2020 and her father to suddent cardiac arrest in May, Pramiti’s guardianship has passed to her aunt and uncle, Satyamani Rayaprolu and Srikanth Taranikanti.

The only problem is, Pramiti’s stuck overseas in London, more than 4,000 miles away from her aunt and uncle here in Charlotte.

Théoden James shares the full story on her family’s efforts to bring their niece home.

2. Competition in Banktown: TD Bank exec explains how they picked Charlotte — and what’s next

New Jersey-based TD Bank is opening a branch in Fort Mill, according to documents filed with the Office of the Comptroller of the Currency.
New Jersey-based TD Bank is opening a branch in Fort Mill, according to documents filed with the Office of the Comptroller of the Currency.

The banking scene in Charlotte is about to get a lot more crowded.

Earlier this month, TD Bank announced its plans to open 15 branches in the Charlotte area by 2025. The New-Jersey based bank’s first two locations will open on Beatties Ford Road and Carmel Road next summer.

It’s an aggressive brick-and-mortar expansion for a firm that didn’t previously have a retail presence in Charlotte, especially as better-known local names like Bank of America and Truist opt to shutter branches.

“We’ve been looking at Charlotte for quite a while,” TD’s regional president of the mid-south Hugh Allen said. “With me taking the role of a regional president here and the success we’ve had with our commercial businesses in the city, it just felt like, ‘Okay, let’s go ahead.’ “

Hannah Lang has more on her interview with Allen.

3. In Kannapolis, a Charlotte firm seeks to unlock ‘enormous potential’ with massive land purchase

A Charlotte commercial real estate firm is buying up properties around downtown Kannapolis with plans to develop or partner on developing nearly one million square feet of new office, research and medical space in the city of about 50,000 people.
A Charlotte commercial real estate firm is buying up properties around downtown Kannapolis with plans to develop or partner on developing nearly one million square feet of new office, research and medical space in the city of about 50,000 people.

The urban sprawl in the Charlotte area keeps evolving, this time in Kannapolis.

Insite Properties, a Charlotte commercial real estate firm, will soon close on the first phase of a massive deal on mostly vacant properties surrounding the North Carolina Research Campus in downtown Kannapolis.

Insite will facilitate development of 800,000 square feet of new office, research and medical space, close to 50,000 square feet of new commercial and retail space as well as 1,200 residential units, including some combination of apartments, townhomes and single family homes, said Jay Blanton, Insite founder and managing principal.

“There’s an enormous potential to unlock,” Blanton told The Charlotte Observer.

Gordon Rago reports on the latest development coming to Cabarrus County.

4. Charlotte-based steel giant Nucor grows again with $425 million SC plant expansion

Nucor Corp., one of the largest manufacturers of steel and steel products in North America based in Charlotte, will invest $425 million and add 50 full-time jobs at its Berkeley County mill in South Carolina.
Nucor Corp., one of the largest manufacturers of steel and steel products in North America based in Charlotte, will invest $425 million and add 50 full-time jobs at its Berkeley County mill in South Carolina.

More jobs are coming to South Carolina thanks in part to a Charlotte-based company.

Nucor Corp., a steel company, will expand and invest $425 million and add 50 full-time jobs at its South Carolina manufacturing facility. The news comes less than a month after Nucor said it would invest $200 million over five years on a modernization project at the same sheet and beam Berkeley County mill.

“Anytime a longtime existing industry commits to an expansion, that’s positive proof that a lot of people are doing things right,” Berkeley County Supervisor Johnny Cribb said in a statement.

Catherine Muccigrosso has the details on Nucor’s expansion.

5. Some more stories to read

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Drew Nantais is a Senior Growth & Engagement Producer for the Charlotte Observer.
Drew Nantais is a Senior Growth & Engagement Producer for the Charlotte Observer.