Fearrington Village, Duke University and Drucker & Falk announce a $102 million renovation and expansion to the Galloway Ridge facility. The senior living retirement home complex is located south of Chapel Hill along US-Hwy 15-501 in Chatham County. The plans call for:
66 independent living
14 additional assisted living
24 skilled nursing apartments
15-unit memory care wing
on-site primary care clinic
expanded Duke Center for Living fitness center
300 residents, will add 100 more, 200 employees, adding 50 jobs
Positions to be added include nurses, certified nursing assistants, dining servers and housekeepers.
Galloway Ridge at Fearrington
2011-12-30
2011-12-21
Rams Plaza Purchase And Renovation
A prime shopping center in Chapel Hill, NC has been purchased for $13.35 million by a New York real estate development company. The Kalikow Group is partnering with Argus Development Group, which will manage the property and improvements. Updating the 113,000-sqft plaza's exterior will cost $1.5 million
Chapel Hill shopping center's prime location is on US-Hwy 15-501 aka Fordham Boulevard. The 30-year-old Rams Plaza tenants include Food Lion and CVS Pharmacy, among others.
Chapel Hill shopping center's prime location is on US-Hwy 15-501 aka Fordham Boulevard. The 30-year-old Rams Plaza tenants include Food Lion and CVS Pharmacy, among others.
2011-12-20
Aydan Court Developer Sells Out
Developer Carol Ann Zinn has sold the 5-acres off NC-Hwy 54 to the UNC-Chapel Hill Foundation after failing to gain approval from the town. Buying the project site for $1.14 million in 2007 and selling it for $410,000 was a significant loss, even below the county appraisal of $690,000.
Zinn had envisioned three, three-story buildings with 90 condominiums when she most recently sought approval for the project last summer. She said she was filling a niche for homes under $400,000 and the condos' stormwater-runoff design would do less harm to the environment than conventional housing.
Public hearings consistently brought out critics who said the environmentally sensitive site, in the Jordan Lake watershed next to state game lands, was the wrong location. The site, part of Little Creek Bottomlands and Slopes, is a natural heritage area, a state designation for land with significant plant and animal habitat.
Read more at The News & Observer
Zinn had envisioned three, three-story buildings with 90 condominiums when she most recently sought approval for the project last summer. She said she was filling a niche for homes under $400,000 and the condos' stormwater-runoff design would do less harm to the environment than conventional housing.
Public hearings consistently brought out critics who said the environmentally sensitive site, in the Jordan Lake watershed next to state game lands, was the wrong location. The site, part of Little Creek Bottomlands and Slopes, is a natural heritage area, a state designation for land with significant plant and animal habitat.
Read more at The News & Observer
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