Mixed-Use Project in Greensboro to Include Apartments

A mixed-use project on Lawndale Drive in Greensboro will feature 57 apartment units. From the Triad Business Journal:

Construction will begin this summer on a $9 million development on Lawndale Drive that mixes retail shops with 57 one- and two-bedroom apartments.

Spark Development & Construction is now working to line up tenants forKirkwood Place, a 2-acre development on Lawndale Drive between Independence Road and Colonial Avenue. The development sits across from the busy Lawndale Crossing shopping center anchored by Target, Harris Teeter and PetSmart…

The residential units will occupy the top three floors of the four-story building, with two-bedroom units on the corners and center of each floor. Rents will range from $900 to $1,500 a month, Stratton said. Further out Lawndale Drive there are multifamily residential properties, but Kirkwood Place will mark the first one on Lawndale Drive coming from downtown Greensboro.

Last Year’s Largest Triad Apartment Construction Projects

Commercial Property Executive produced a nice little listicle of the largest apartment construction projects delivered last year. Who’s number 1?

Images from Stafford Place’s Website

Stafford Place, 360 units
Parr Investments targeted Winston-Salem for its 360-unit development with spacious floor plans and high-end finishes. The complex features extras such as a 21-seat movie theater, a coffee bar where residents can socialize and relax, a business center and a swimming pool. Nowadays, tenants want more than living space. A sense of community helps them to feel connected, and we increasingly see amenities that encourage socializing between tenants.

You can find the rest of the list here.

Developer Eyeing NW Guilford County for Mixed Residential Development

The Triad Business Journal is reporting that Greensboro-based developer Brad Deaton is working on a mixed-residential development in NW Guilford County, and although it’s early in the process there is already some push-back from neighbors. From the story:

Trinterra LLC, managed by real estate developer Brad Deaton, is seeking to rezone a 27-acre tract in the 3600 block of Lewiston Road from low density residential and mixed-use corporate park to moderate residential, according to city records. Greensboro’s Zoning Commission had been scheduled to review a report on the tract at its March 21 meeting, but that review was postponed pending a traffic study…

In an email, Deaton said a meeting with neighborhood residents took place last week and that he was “making some changes and adjustments to our plans as a result of the meeting.”…

…residents of the nearby Cardinal neighborhood, many of whom are opposed to the project, have been circulating a schematic and saying the developer is planning 26 single-family homes, 64 townhomes and an apartment complex with 300 units.

Greensboro Approves Multifamily Development in Light Commercial Zones

At it’s Tuesday night meeting Greensboro approved an amendment to its Land Development Ordinance (LDO) that would allow multifamily development in light commercial and office parks throughout the city. The News & Record has the story:

Multi-family housing can now be built in some areas zoned as light commercial and business parks.

The Greensboro City Council voted Tuesday to make that change to its Land Development Ordinance…

A minimum of 10 feet must be maintained between buildings, according to the ordinance. In the affected zones, no more than 33 percent of gross floor area may be developed into multi-family dwellings.

Residential buildings have to architecturally match the commercial structures.

The homes must be integrated into the existing commercial developments and must include vehicular and pedestrian access between residential and non-residential components…

The ordinance requires the homes to be within a half-mile of a public park or greenway.

 

 

 

Revolution Mill Primed for Apartment Development

Self-Help Ventures is just about ready to start building out apartments in its Revolution Mill mixed-used project:

Self-Help Ventures Fund has purchased a final piece of the Revolution Mill property in eastern Greensboro that expands the mixed-used campus the Durham-based nonprofit is developing.

In a multipart real estate deal that got underway late last year, Self-Help this month completed its purchase of the Revolution Mill House at 2004 Yanceyville St., a nearly 100-year-old portion of the former Cone Mills plant that’s operated as a storage unit business…

With this latest acquisition, Self-Help has created a campus that spans more than 45 contiguous acres. Self-Help purchased Revolution Mill at auction in 2012 for $8 million, and then in July 2014 bought the neighboring Olympic Mill for $2.4 million.

Overton said planning for the Olympic Mill property, which is on 17 acres on Yanceyville Street directly south of Revolution Mill, is still underway. Work is continuing on Revolution Mill, with shell work on the back portions of the main mill buildings now complete and the space ready to be built out into apartments.

“We’ve been doing some of what I would call early construction phases for that building and the old Nussbaum building — sand-blasting paint, putting in new flooring,” Overton said. “We’re starting the process of getting this ready for our next phase. We’ll be announcing that next phase soon.”

BSC Breaks Ground on Mixed Rental Community in Greensboro

BSC Holdings recently broke ground on the most recent iteration of it’s “mixed rental” development concept. From the Triad Business Journal’s story about the development:

Construction began recently on Greensboro developer Barry Siegal‘s new residential project, which includes 83 rental homes and a 120-unit apartment complex.

Lafayette Landing Apartments and Villas will sit on 40 acres on a mostly vacant swath of land at Guilford College and Ruffin roads…

Construction will take 18 months, Williams said, but the first phase — which will include 17 detached single-family homes, three apartment buildings, a clubhouse and garage building — is expected to be ready for occupancy by August.

The second and third phases, including the remaining 66 houses and 12 apartment buildings, will wrap up by late summer or early fall 2016, Williams said. Each apartment building will be two floors and will have eight units. The community will include amenities such as a pool and clubhouse.

The apartments will be one-, two- and three-bedroom units, and rental rates will start at $850 and $1,200, depending on size, Williams said. Rental rates for the homes will range from $1,100 to $1,750.

 

Southeastern Building a Complex Project for BSC Holdings

The Greensboro News & Record recently ran an article about BSC Holdings’ redevelopment of the Southeastern Building in downtown Greensboro. The company’s founder Barry Siegal and his daughter and PTAA board member Amanda Williams were interviewed for the story and gave readers a little insight into the long, winding road that the project has taken over the years:

Soon, it’ll be home to young professionals, law students and maybe even retirees living in the apartments on floors four through nine, as well as a restaurant and offices with a downtown view. But it’ll still carry some of that character of the 1920s.

Preserving that character is another factor that has made the project so challenging, according to Siegal. He could have redeveloped the building quicker and cheaper than he did.

But then the building’s future tenants wouldn’t get the large windows, open floor plans and those original brown doors that are being restored for the offices along the third floor. Siegal went to great pains to preserve those little details that tell the building’s history…

He said people have shown interest in the studio, one- and two-bedroom apartments. Williams said there are about 25 people on the waitlist for them. Rental rates will start at about $700 for the apartments, she said.

You can read the rest of the article here.

 

Greensboro City Council Approves Rezoning for 300-Unit Apartment Community

On December 15 the Greensboro City Council approved a controversial rezoning for a 300-unit apartment development after a nearby homeowners association withdrew its objections to the project. From the Greensboro News & Record:

Spark Development & Construction plans to build the apartments off Pisgah Church Road near the Three Meadows and Country Park Acres neighborhoods.

In September, the Zoning Commission voted to change the single-family home zoning for that area. Members said that up to 12 apartments per acre would fit well with the city’s “infill” concept for urban neighborhoods.

Neighbors said they worried about three-story apartment buildings, some of which would be just 40 feet from their houses.

The rezoning passed Tuesday imposed new conditions for the development. They included a buffer of vegetation, evergreen materials providing a “continuous visual screen” and a 7-foot-tall fence. The number of units will also be capped at 330.

Lomax Pursuing Project in Greensboro

According to this article in the Triad Business Journal, Lomax Properties submitted a request for rezoning in Greensboro that could result in an apartment community with up to 288 units:

Through an entity named North Elm Associates LLC, Lomax Properties requested to rezone 9.37 acres at 4108, 4110, 4112 and 4114 Bell Orchard Drive and 3619 N. Elm St. to a planned unit development. The PUD designation allows for a maximum of 288 apartments with a six-foot tall opaque fence between the apartments and adjacent property, and the rezoning request was approved on June 9, said Mike Kirkman with the city’s planning department…

The next step is to lay out development specifications — square footages, parking, building heights, etc. — through a unified development plan, Kirkman said. That plan will then be reviewed by the city’s Technical Review Committee and must again be approved by the city’s Planning Board. Woods said that zoning finalization would likely happen in the next 30 to 45 days and construction would start soon after.

450 Housing Units, Including 242 Apartments, Proposed for Lake Jeanette

LM Napper Development is proposing to develop 33 prime acres at Lake Jeanette for mixed residential use. From the Triad Business Journal:

Plans call for twin homes, townhomes, apartments and an assisted living facility — a residential development spanning 450 housing units that will cost about $90 million to fully develop in the coming years…

Mary Oaks Manor, the $7 million first phase of the Cora Bella development, broke ground earlier this spring. Mary Oaks Manor comprises 20 twin homes and eight townhomes to be sold by Sedalia’s D&G Realty Co…

…a master plan for the 28 twin and townhomes on about 5 acres at 837 Roberson Comer Road, which is located off Lake Jeanette Road. For the parcel fronting Lake Jeanette itself, the master plan shows 242 apartments on 13.5 acres, and 160 assisted living units and 20 “healthy care” senior cottages on 14.5 acres…

Construction on the apartments would not start until after the Mary Oaks Manor twin and townhomes are complete, which should happen in about a year, Cofield said. He would like to be at least 75 percent complete on the apartments before beginning work on the assisted living units.