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Monthly Archives: May, 2014

Chapel Hill Considering the Sale of Six Town Properties

Chapel Hill is considering the sale of six properties, including Old Town Hall, as a means to bring in extra money. Other buildings on the list are the former Sport Arts Building, two fire stations, the parks and recreations offices, and a parking lot. The town of Chapel Hill has increased capital improvement needs as a result of the economic downturn. According to Dwight Bassett, Chapel Hill’s economic developmentRead more about Chapel Hill Considering the Sale of Six Town Properties

Crabtree Valley Development Project

A Texas developer, Trademark Property Co., plans to invest $90-100 million transforming a 10-acre Glenwood Avenue site into a mix of high-end restaurants, retail, and apartments named Carolina Row at Crabtree. Construction is expected to begin in the spring of next year, with an opening in late 2016. Carolina Row will include more than 125,000 square feet of restaurant and retail space, as well as a hotel and 175 apartmentsRead more about Crabtree Valley Development Project

Raleigh vs. National Rental Rates

For rent and utilities to be considered affordable, the goal is to spend no more than 30 percent of a household’s income on housing. According to a comprehensive Harvard study, however, approximately half of all U.S. renters are spending more than 30 percent of their incomes– up from 38 percent of renters in 2000. Housing Secretary Shaun Donovan declared this to be “the worst rental affordability crisis that this countryRead more about Raleigh vs. National Rental Rates

N.C. State Dairy Farm and Museum Opening to Public

N.C. State University’s dairy farm is poised to go public with the arrival of the Randleigh Heritage Museum. The museum will open the 389-acre farm on Lake Wheeler Road to visitors outside of university faculty and students, meaning better fences, parking, and maybe even an outdoor teaching pavilion next spring. The N.C. State farm evolved from the consolidation of four dairy units – the most recent being Randleigh Farms,Read more about N.C. State Dairy Farm and Museum Opening to Public