400 Acre, $200 Million Mixed Use Project Coming to Kernersville

January 13, 2014 at 3:18 pm Leave a comment

According to this article in the Triad Business Journal, Winston-Salem’s Arden Group is ready to start work on its long-planned 400 acre mixed-use development in Kernersville that will include 1,000 housing units:

The planned Carrollton project will feature up to 1,000 residential units and 1 million square feet of commercial space on acreage bounded by Old Salem Road and N.C. 66, just south of the Interstate 40/N.C. 66 interchange. Arden Group has been accumulating land for the project since 2005 and is now ready to begin actively marketing the site, said Paul Williams, project manager.

The property is located less than a mile from the $150 million Department of Veterans Affairs Health Care Center, which is now under construction and will employ hundreds.

The full site plan for Carrollton is still in the works, and Arden is working to identify a design team and housing types that it wants to incorporate. But it has identified that residential development will be the starting point.

Full residential development will range from 600 to 1,000 units, including a mix of single-family homes, townhouses and apartments, with the base price for single-family homes ranging from $145,000 to $275,000 and sizes ranging from 1,250 square feet up to 3,000 square feet. The first phase would include 100 to 200 homes, which Arden is planning to have ready in about 15 months.

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Entry filed under: Apartment Construction, Forsyth County, Land Development. Tags: , , , , .

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