The Beechwood Organization has received local zoning approval for its planned 815-home mixed-use development in North Carolina.
The project, South Creek by Beechwood, will bring a mix of for-sale and rental housing, plus 21,000 to 52,000 square feet of commercial and retail space on 43 acres in Chapel Hill, N.C.
The development’s site plan includes 120 apartments, 606 condominiums, and 89 townhomes. The apartments and condominiums will feature studios, one-, two-, and three-bedroom units, ranging in size from 525 to 2,725 square feet. The townhomes will range in size from 1,600 to 2,900 square feet, according to a company statement. Fifteen percent of the for-sale homes will be designated as affordable.
Following last week’s zoning approval from the Town of Chapel Hill, Jericho-based Beechwood will soon begin site work to prepare for construction of the project to begin in late 2024, with first occupancies expected in 2025. Beechwood is working on the development with local and regional firms, including FMK Architects and Legion Land & Development.
“We are proud to become a part of the Town of Chapel Hill. South Creek will be one of the finest mixed-use communities Beechwood has ever created, applying our deep experience and best practices gained in our 35 years of developing world-class communities,” Beechwood principal Steven Dubb said in the statement. “South Creek will be an urban living experience that embraces the unique and diverse community of Chapel Hill. Our vision is to enhance quality of life for current and future residents with new homes, new shops and new open space for community gathering in a destination all can enjoy and be proud of.”
The South Creek development will feature a plaza centered around an open lawn for community uses, such as group events, live entertainment, outdoor fitness classes and more. Adjacent to the plaza will be a larger green space with terraced hillside seating to accommodate additional outdoor activities, including farmers markets, community festivals, concerts and more.
“We will provide the greater Chapel Hill community with a development that speaks to its residential and commercial real estate needs in a way that encompasses our shared values: sustainability, stewardship, environmentalism, inclusiveness and responsible growth,” Robert Kardos, regional president of Beechwood Carolinas, said in the statement. “Over the past two years, we consulted with local groups and individuals to understand the town’s hopes and wishes for South Creek. Now we will build it.”
The South Creek development joins Beechwood’s other planned communities in North Carolina, including the 217-home Lakeside Pointe on Lake Norman, the 35-home Weddington Glen community and 62-home Broadmoor at Marvin community.
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Image and article originally from libn.com. Read the original article here.