Wednesday, January 20, 2016 08:00 AM

DEVELOPER SUBMITS PROPOSAL FOR MIXED-USED DEVELOPMENT ACROSS FROM CARY TOWNE CENTER

A South Carolina developer has submitted preliminary plans for about 90 acres north of Cary Towne Center that includes thousands of square feet of retail, residential and office space plus some residential, structured parking and potentially a 130-room hotel.

But with a struggling mall across the street, the Cary Town Council wants to be sure the land off Cary Towne Boulevard, which is part of what they call the eastern gateway into Cary, becomes a destination.

“This is a gateway into Cary, a gateway off of (interstate) 40,” Councilman Don Frantz said. “It needs to be remarkable. It needs to be something that stands the test of time. It needs to be something that provides a lot of jobs, shopping, retail, restaurants and residential.”

Representatives of Columbia Development Group LLC, a Columbia, S.C.-based shopping center developer, discussed its preliminary development sketch plan with Town of Cary staff at a pre-application conference Wednesday, Jan. 13. The plan shows 200,000 to 300,000 square feet of retail and restaurant space; 300,000 to 600,000 square feet of office space; and 300 to 600 multi-family residential units.

The company bought the land from the state last year for $21.15 million.

“They’re doing what we had hoped, which is to partner ...

News source: http://www.newsobserver.com/news/local/community/cary-news/article54980160.html

See also: Wake Opthalmology