pack-man, on Feb 21 2006, 04:55 PM, said:
I know the area north of Wade Ave. is NCSU, but what about on the south side adjacent to Cardinal Gibbons. There is a ton of land back in there. At one time I heard that someone was going to go in there and do dense condos and retail. That would be great.
Yes, the area around Cardinal Gibbons to Wade and I-40 was set for dense urban development by an Alabama company (Colonial) but the economy would not allow the company to start or even get off the ground. It was during the downturn around 2000. They have since sold the rights to Bubba Rawls and gang.
I would like to see more out there, but scared it is going to be parceled out to something worse than Cary/Glorified Strip Centers/Big Box. I would rather wait for something dense and something the market can bear in that mold than get a bunch of surface parking lots.
I also think the city has noted that they can not support both both...successful DT and dense development at that size outside the city core, unless a private developer comes in and makes it happen on their own like Kane did at North Hills. I believe this land is up to 5-10 times the size of the current North Hills. Plus North Hills was already a mall. Not to mention, Kane is not a normal developer and few people would bet the farm on something like North Hills. They would rather do what has worked in the past (large parking lots) and has a better bottom line.
I think the market can only bear so much and that is why nothing has been built. And the last thing that is needed there are big box or large surface lots.
Edited by Subway Scoundrel, 22 February 2006 - 09:54 AM.