Newland Communities recently purchased more than 1,100 acres of land just minutes from downtown Raleigh with plans to re-start a master-planned development. The new community, named Wendell Falls, is projected to include 3,000 single- and multi-family homes and 2 million square feet of commercial-retail space, along with public parks and other community amenities. The new developers are evaluating the original plans and working with the town of Wendell to get everything in order before they begin construction.
The project was frozen in 2008 following the housing crash, leaving its infrastructure half-built. Today, Town Commissioner Sam Laughery says Wendell Falls could be the “crown jewel” of eastern Wake County. Located near a main highway and Raleigh’s beltline, Laughery believes the development will pull new residents, businesses, and taxes to the area. According to the News and Observer, finishing the project could also help Wendell pay for a costly water and sewer merger agreement it struck with Raleigh in 2006 when Triangle suburbs were rapidly expanding.
Wendell Falls already has its own interchange off U.S. 64/264, offering a shorter commute to the Triangle’s job centers. The project is also “3 minutes to I-540, 6 minutes to I-440, and 12 minutes from downtown Raleigh,” according to Greg Ferguson of Mercury Development, who originally proposed the development in 2007. Bill Mumford, Vice President of Development for Newland Communities said that while location is critical to the success of any large-scale project, execution is key. “I think a lot of that honestly boils down to how well the community is designed, planned, developed, and executed,” says Mumford.
New custom homes are starting construction on near half-acre lots in the neighborhood, boasting city water and sewer and starting in the middle $200’s. Other new developments are also beginning to pop up in the surrounding area, including the Woods of Blair Hills community with 53 home sites.
It is expected to take over a decade to complete Wendell Falls. Though the final details have not been set, town manager Teresa Piner believes the project will generally keep with the original plans laid out earlier by Mercury Development.
Call Jason & Scott Graves for more information at 919-981-5795.