March 14, 2007

  Volume 5, Number 11

Published in Wake Forest, NC

  Carol Pelosi, Publisher and Editor
 
 
 
 
 
 
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 Third shopping
center planned

            A third Wake Forest shopping center, Gateway Commons at the corner of Jones Dairy Road and the N.C. 98 bypass, was announced this week.

            It will join two others which either underway or announced, The Shoppes at Caveness Farm and Wake Forest Towne Center. The Shoppes have an approved master plan; the Towne Center has not yet submitted plans.

            Planner Ann Ayers is reviewing, for the second time, the master plan for Gateway Commons submitted by Starmount Co. The first plan was sent back for revisions. The sign announcing the center has been up for some time.

            “It’s likely to go on the May planning board agenda,” Ayers said.

            Gateway Commons would be anchored by a grocery store, name unknown, and will be a strip mall similar to Heritage Station on Rogers Road. It would have 102,000 square feet of retail space.

            There are also a dozen out-parcels along Jones Dairy Road and the bypass.

            It is a large property, 60 acres, bounded by Jones Dairy Road to the east, the bypass to the north, Heritage Lake Road (still under construction) to the west and Friendship Chapel Road (which is being extended to Jones Dairy) to the south.

            Ayers said the owners plan a three-phase development, beginning on about 40 acres.

            Starmount has also submitted a special use application for the project    

            Bradley Rice of Starmount announced the plans during an International Council of Shopping Centers Idea Exchange convention in Charlotte on Tuesday. In an interview this week, Rice said they have been working on the plans for about a year. There are no signed contracts for the stores or out-parcels yet, but they will have a grocery store and neighborhood-oriented stores such as a dry-cleaners and a restaurant.

            Rice said they hope to break ground late this year.

            The Shoppes at Caveness Farm, which will be anchored by Steinmart, is planned on the east side of Capital Boulevard just north of Wal-Mart. Work is underway on three restaurants – Chili’s, Red Robin and Texas Roadhouse – on out-parcels, grading for the rest of the tract was completed some time ago, but no construction has begun.

            Wake Forest Towne Center, a major upscale shopping center on the old Parker-Hannifin site on Wake Union Church Road, was announced earlier this month at the economic summit.

            Ayers said she has not yet received the plans for Wake Forest Towne Center.

            Both The Shoppes at Caveness Farm and Wake Forest Towne Center are being developed by Weingarten Realty Investors from Texas.

            Wake Forest Towne Center will have 385,000 square feet of retail space, and the anchor, Rob Hicks of Weingarten said at the economic summit, will be a store with a presence in the Triangle that is not at Triangle Town Center. The current rumors are it will be a J.C. Penney’s.

            Wake Forest Towne Center will have a large tract, about 65 acres. It will include the two tracts of the Parker-Hannifin site and 20 acres to the south with frontage on both Wake Union Church Road and Kearney Road owned by one of Jim Adams’ companies, St. Ives Commercial Properties LLC.

            The Wake Forest Planning Board will be busy between now and May with the plans for Holding Village. Planning Director Chip Russell gave them individual sets of the plans at the close of last week’s meeting. The detailed regulations will follow.

            Holding Village is planned as a traditional neighborhood with mixed uses, tree-lined streets, houses close to each other and the streets and a number of parks and open spaces. It will be on the western portion of the former Holding Farm, south of the bypass and east of South Main Street and the CSX rail line. The Wake Forest zoning ordinance has been amended to allow traditional neighborhood developments.

            Hicks did not return calls about Wake Forest Towne Center.

 
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