Commercial Properties Inc., a Raleigh, N.C.-based real estate developer, has included self-storage as part of a mixed-use development proposed for the intersection of North Carolina Highway 42 East and Glen Laurel Road in Clayton, N.C. The plan calls for a three-story self-storage facility, 240 apartments and about 200,000 square feet of retail space on 45.5 acres, according to the source.
The project would require rezoning from part industrial, part residential to mixed-use. The Clayton Planning Board unanimously recommended the rezoning last week. The proposal still must be reviewed by the town council.
Phase one of the development would include the storage facility on 4.5 acres and the apartments on 20 acres. The 21-acre area reserved for retail would be built later and could include a “big box” anchor, the source reported. The property is owned by former Gov. James B. Hunt Jr. and his brother, Robert.
“We are working on the retail anchor now,” said Brantley Tillman, president of Commercial Properties. “We do not have one yet but feel confident we will secure a good one.”
Since the development would back up to East Clayton Park, the developer has also planned a walking trail that could become part of the state’s Mountains-to-Sea Trail, according to the source.
Although planners recommended the rezoning, board member Bob Ahlert questioned if the project is too early considering the state highway in that part of town won’t be widened to four lanes for three more years. The North Carolina Department of Transportation intends to widen the highway from Glen Laurel Road to Buffalo Road, but the state doesn’t plan to begin its right-of-way acquisition until next year, the source reported. Construction for the road-widening project is scheduled to start in 2018.
David DeYoung, Clayton’s planning director, indicated the road project would not severely impact the mixed-use development, according to the source.
Founded in 1976, Commercial Properties specializes in developing neighborhood shopping centers and commercial buildings.
Sources:
- The News & Observer: Mixed-Use Project Coming to 42 East
