On September 7, Carolina Commercial Contractors, in collaboration with Lee Moore Capital Company, broke ground on Medley Northwood Landing, a 312-unit garden apartment community in Pittsboro, N.C.
The 92-acre Northwood Landing is also home to a 62,000-sf shopping center anchored by a 44,000-sf Lowes Foods supermarket. The shopping center, which opened last June, has 10 outparcels for commercial and retail use, five of which have been leased by tenants that include national brands Dunkin’ and Zaxby’s.
Northwood Landing is across U.S. 501 from MOSAIC, a 44-acre $180 million entertainment and lifestyle destination that is also a gateway to the 8,500-acre Chatham Park master-planned community that is slated to have 22,000 homes and 22 million sf of constructed space. Chatham Park, which began construction in 2014 with the UNC Medical office building, is projected to be completed by 2040. (Preston Development Company, Chatham Park’s developer, also controls 1,000 adjacent acres that could be used for future expansion.)
Currently, Chatham Park has homes for sale in MOSAIC (condos and apartments), and in Vineyards, where 11 single-family and townhome builders are actively selling houses. A third community under development, called Encore, will be Chatham Park’s first active-adult-targeted neighborhood.
Combined with Northwood Landing, MOSAIC, and Penguin Place (another three-building 14,000-sf retail and restaurant space that debuted in 2017), Chatham Park will have 2 million sf of commercial area.
A growing market in need of housing
Two 36-apartment buildings at Medley are under construction and scheduled for completion by next spring. When Medley is built out, it will include 112 one-bedroom, 165 two-bedroom, and 36 three-bedroom apartments. Among its amenities are include garage parking, a pool pavilion with sundeck, a fitness center, golf simulator, and onsite staff and maintenance.
Along with Carolina Commercial Contractors, the Building Team for Medley has included CE Group (civil engineering), Sanford Contractors (horizontal construction), and Finley Design PA. Medley is being built in Chatham County, near the Raleigh-Durham metroplex, one of the fastest-growing counties in North Carolina.
Of the 10 outparcels at Northwood Landing, three have been sold and are under development: Lot 5 (a 2,100-sf Dunkin’, a 4,849-sf First Health clinic, and 2,750-sf Haw River Veterinarian animal hospital); Lot 4 (a 3,162- ft, 72-seat Zaxby’s casual restaurant); and Lot 9 (Huby’s Car Wash). Lot 3 also has a letter of intent to lease from Chase Bank, and a private school reportedly is considering renting one of the other lots. Several national retailers, quick-service restaurants, and service providers are looking at the balance of the sites.
Related Stories
| Oct 6, 2010
From grocery store to culinary school
A former West Philadelphia supermarket is moving up the food chain, transitioning from grocery store to the Center for Culinary Enterprise, a business culinary training school.
| Sep 30, 2010
Luxury hotels lead industry in green accommodations
Results from the American Hotel & Lodging Association’s 2010 Lodging Survey showed that luxury and upper-upscale hotels are most likely to feature green amenities and earn green certifications. Results were tallied from 8,800 respondents, for a very respectable 18% response rate. Questions focused on 14 green-related categories, including allergy-free rooms, water-saving programs, energy management systems, recycling programs, green certification, and green renovation.
| Sep 13, 2010
Conquering a Mountain of Construction Challenges
Brutal winter weather, shortages of materials, escalating costs, occasional visits from the local bear population-all these were joys this Building Team experienced working a new resort high up in the Sierra Nevada.
| Aug 11, 2010
Accor North America launches green hotel pilot program
Accor North America, a division of Accor Hospitality, has announced that it will pilot the Green Key Eco-Rating Program within its portfolio in the United States in 2010. Green Key is the first program of its kind to rank, certify and inspect hotels and resorts based on their commitment to sustainable "green" practices; the Accor North America pilot will involve 20 properties.
| Aug 11, 2010
CTBUH changes height criteria; Burj Dubai height increases, others decrease
The Council on Tall Buildings and Urban Habitat (CTBUH)—the international body that arbitrates on tall building height and determines the title of “The World’s Tallest Building”—has announced a change to its height criteria, as a reflection of recent developments with several super-tall buildings.
| Aug 11, 2010
Jacobs, Arup, AECOM top BD+C's ranking of the nation's 75 largest international design firms
A ranking of the Top 75 International Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
See what $3,000 a month will get you at Chicago’s Aqua Tower
Magellan Development Group has opened three display models for the rental portion of Chicago’s highly anticipated Aqua Tower, designed by Jeanne Gang. Lease rates range from $1,498 for a studio to $3,111 for a two-bedroom unit with lake views.
| Aug 11, 2010
Architecture Billings Index flat in May, according to AIA
After a slight decline in April, the Architecture Billings Index was up a tenth of a point to 42.9 in May. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. Any score above 50 indicates an increase in billings.
