NC-54 For Sale!
Case Details
A number of properties have come on the market in the last year or so. Neighbors have been approached about selling their land; neighbors have also been approached by realtors seeking support for anticipated rezoning. No definite plans have been floated, but the asking prices for the land are too high to allow residential development. There's pressure to rezone for offices or other commercial uses.
Read neighbors' concerns about the situation.
Currently For Sale
Fearrington house property (2 lots near Park Vet):
0.9 acre in two lots, with 200 feet of frontage on NC-54; now owned by an investor. Listed with Boone Commercial Properties; large green-and-white "For Sale" sign. Zoned years ago for Office & Institutional. The small white house was owned by the Fearringtons; the adjacent vacant lot on Kestrel was owned by the Caldwells (who also owned several other nearby lots).
Justice family property: 3.8 acres with 118 feet of frontage on NC-54. Listed with Boone Commercial Properties; no "For Sale" sign up yet. There's a house on the large lot off Kestrel Dr.
Regan property:
Strip is 4.6 acres with 218 ft frontage on NC-54. There are also two smaller half-acre lots extending to Squirrel Hollow Dr which could allow connection with the Justice property. There are no buildings. It's been on the market for several months. The small Fonville Morisey sign is almost hidden in roadside weeds.
Congiundi property:
6.5 acres with 500 ft frontage. Slopes steeply down to a creek and backs up to Woodcroft homes. Recently known as the "72 townhomes" parcel. Huge blue-and-white Coldwell Banker sign.
Phantom Streets
This neighborhood was laid out as the "Glendale Hills" subdivision but never built up. The back lots were bought up by the Corps of Engineers for the Jordan Lake project. Years ago the street right-of-ways were cleared, but they've since grown up in trees. Kestrel Dr and Squirrel Hollow Dr are now little more than driveways.
Neighbors Under Pressure
These adjacent landowners — especially those who live on their land — will be under pressure to sell.
Immediate pressure: The Lucas and Caldwell properties are unbuilt; the McDuffies have the small brick house beside the body shop. These property owners will be urged to join adjacent properties for sale.
Secondary pressure:
Neighbors on Tudor Place, and on the Barbee land across 54, may find their homes less satisfactory with commercial development so close.
How Will It Go?
No plans have been proposed yet. What are the possible outcomes?
A compatible development plan would allow both homes and new uses to co-exist. In a less-rosy scenario, the entire 35 acres on both sides of 54, from Park Vet Clinic all the way to Triangle Presbyterian, could be clearcut for offices and shops.