Wendell Falls was in the right place but at the wrong time. Wendell is just minutes from Raleigh along the new 64 by-pass and for now, that’s all it will be.
Since late May, foreclosure notices have been trickling through the Wake County legal notification system for the 30-plus parcels that Raleigh-based Mercury Development and its top investor, Burroughs & Chapin Co. of Myrtle Beach, S.C., purchased in 2006 near Lake Myra in Wendell. Read more: Wendell Falls being sold in pieces to satisfy $67M debt – Triangle Business Journal
The new development was to eventually add about 4,000 rooftops and some 450,000 Sq Ft in new commercial space. Now Wells Fargo is reclaiming the stalled development 1 parcel at a time.
The good new is that the hunt is on for a new developer. There has already been a lot of infrastructure completed so the expectation is that it’s only a matter of time before the vision becomes reality.
Wendell Falls is just minutes from downtown Raleigh
You can also read more about Wendell Falls on the Wendell Chamber website.