LUX at Central Park Student Apartments Won't Be Ready In Time

Although construction delays and rescheduling are part of the process, student housing is extremely time sensitive. The developer, Travis Vencel, vice president, Trinitas Ventures feels it is more important to deliver a quality finished product. Within walking distance to the University of North Carolina at Chapel Hill, this 194-unit, 608-bed property will feature a mix of one, two, three and four bedroom apartments.

South Grove Development Has Started Pre-sales

John Wieland Homes proudly presents South Grove an enclave of 26 distinctive new homes with a coveted Chapel Hill address. South Grove is a estate sized neighborhood where residents will enjoy easy access to one of Chapel Hill’s largest parks, Southern Community Park. Children living at South Grove attend top ranked schools Scroggs Elementary, Culbreth Middle School, Carrboro High School. Contact Us Today to find out much more about the South Grove Neighborhood in Chapel Hill, NC

Charterwood Approval Challenged

Neighbors have filed a petition asking a District Court judge to reverse the Chapel Hill Town Council's approval of a rezoning and special-use permit for the Charterwood development. “the town abused its discretion and acted outside the scope of its legal authority in approving the SUP,” the petition states. The developer submitted a revised application for the mixed-use project in March, although the land-use ordinance doesn't allow one for a year, it states.

 

IronClad Self Storage New Ownership

The corporate entity of U-hual, Amerco Real Estate, has purchased the IronClad Self Storagenear Fearrington Village. Located south of Chapel Hill, NC on US-Hwy 15-501, the 42,370-sqft, 433-unit facility has sold for $3.11 million. Joy Godbold of Percival McGuire Commercial Real Estate and Argus Self Storage Sales Network represented the seller, W. Mitchell, in the transaction. Included in the deal was a recently entitled 5-acre tract for future expansion.

Galloway Ridge at Fearrington Expanding

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

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.

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