The first two roundabouts in the Hillsborough Street plan - at Shepard Dr and Friendly Dr - seem placed to get the Stanhope Village district off the ground.
This is the area between Hillsborough St and the railroad tracks, stretching from Servitex to University Towers, going by such landmarks as the Carolina Equipment Company building (with the big bulldozer on top) and Cup-a-Joe. This also happens to be the narrowest section of Hillsborough St, since both sides are built up. It also happens to be one of the most unsightly, with terrible sidewalks and lots of auto repair shops. Here is the small area plan that the city approved in October, 2002 for the district:
.A developer, M.E. Valentine, proposed something with a different massing of buildings from the city's plan, but it got approved unanimously in November 2002. Check this article from The Technician for a bit more info on the development. Valentine is the owner of University Towers, the privately operated, upscale dorm, and the first phase of his project was to involve a large tower similar in scale to U.T., an accompanying parking structure, and a small amount of retail/office space. Future phases would add more apartments/condominiums and up to 35,000 square feet of retail. The city's small-area plan suggested a grocery store; who knows whether Valentine wants to put one there or not.
Valentine's plans have been in limbo for three years, supposedly for two reasons. Firstly, there was a lot prep work that needed to be done on the site (there were supposedly some environmental issues that needed to be resolved.) Secondly, I presume he was waiting for the Hillsborough St improvements to happen, since it will make this into a much more attractive area.
Anyway, let's just wait and see what happens














