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.
Showing posts with label retail. Show all posts
Showing posts with label retail. Show all posts
2011-12-21
2011-09-30
Charterwood Ok By Planning Board
Charterwood, a mixed-use development proposed for Martin Luther King Jr. Boulevard
The proposed project includes six buildings with up to 154 condos and townhouses and 73,000-sqft of office and retail space on 15.7-acres
The tallest building is proposed to be six stories, or 78 feet tall, about the same height as Aloft Hotel in East 54. The Chapel Hill Planning Board voted 7-1 to recommend approval of the project, but only if the maximum height was reduced to 54 feet.
Because neighbors have presented a valid protest petition, the project will require a three-quarters majority of council votes for approval. The petition presented by neighbors of the project represents owners of 43 percent of the property within a 100-foot buffer of the proposed rezoning.
Read More at the Carrboro Citizen
The proposed project includes six buildings with up to 154 condos and townhouses and 73,000-sqft of office and retail space on 15.7-acres
The tallest building is proposed to be six stories, or 78 feet tall, about the same height as Aloft Hotel in East 54. The Chapel Hill Planning Board voted 7-1 to recommend approval of the project, but only if the maximum height was reduced to 54 feet.
Because neighbors have presented a valid protest petition, the project will require a three-quarters majority of council votes for approval. The petition presented by neighbors of the project represents owners of 43 percent of the property within a 100-foot buffer of the proposed rezoning.
Read More at the Carrboro Citizen
2011-09-13
University Square Redevelopment Changes Proposed
The Mixed Use Development being studied by Cousins Properties located at 123 West Franklin Street, has been changed with public input. The existing Granville Towers student housing is not being included, leaving half the 12-acre site available to use. The goal has always been to better integrate the entire site into a more pedestrian friendly downtown, thus razing the retail portions is the focus now.
The 3 new buildings would include:
40,000-sqft of retail space
275,000-sqft of office space
90,000-sqft of flex-space
150,000-sqft of additional apartments
1,000-space underground parking garage
The 3 new buildings would include:
40,000-sqft of retail space
275,000-sqft of office space
90,000-sqft of flex-space
150,000-sqft of additional apartments
1,000-space underground parking garage
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