Welcome to Lakeside Point, a luxury community on Lake Norman, North Carolina, developed by Beechwood Homes. In this video, Steven Dub, principal at Beechwood Homes,...
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A $500 million mixed-use development in southern Chapel Hill is advancing.
New York-based Beechwood Carolinas will be starting construction this month on its
South Creek development across from Southern Community Park. South Creek will have
up to 815 apartments, condominiums and townhomes in a range of prices. The developer
is specifically targeting helping the town tackle its housing shortage. In addition, there
will be up to 52,000 square feet of commercial space.
Right now, 798 units are planned – 92 are apartments, 100 are townhomes and 606 are
condos. The apartments will be rented at market rate while the townhomes and condos
will range for sale from $300,000 to $1 million.
The first building to be constructed will be the 92-unit apartment building, which will sit
at the entrance to the community along the future extension of Market Street. The
residential building will have 10,000 square feet of ground-floor retail. A 6,000-squarefoot
standalone restaurant will sit next to the apartment building.
After the apartment building is complete, the company will start work on the first condo
building, which will have 68 units.
The apartments and condos will be a mix of one, two and three bedrooms while the
townhomes will be three bedrooms. The apartment building will be six stories, the
condos will be seven stories and the townhomes will be three stories with rooftop
terraces.
There will be two levels of parking in the apartment and condo buildings and the ground
floor of the townhomes will be a garage.
Residents of South Creek will have access to three swimming pools, fitness center, fire
pits, dog park, demonstrating kitchens, podcasting studio, community gathering areas,
amphitheater, stage and more.
The property is just over 120 acres where the development will be on just 40 while the
remaining 80 will be a nature preserve with walking trails. The community and preserve
are split by Obie Creek that cuts through the whole site.
The entire community will take about eight years to full buildout. Steven Dubb,
president and principal of The Beechwood Organization – of which Beechwood Carolinas
is a division – said the development of the land is funded via The Beechwood
Organization while construction of the buildings will be funded through a construction
loan.
This is the developer’s first project in the Triangle as it has spent the past four years
working to identify a new state to expand into. Dubb said that because the company has
spent 40 years in Long Island, New York, building a brand while watching New Yorkers
recently move to the Triangle and Charlotte, it decided to follow suit.
“We thought that maybe our buyers, if they’re looking for a home in the Carolinas, will
recognize Beechwood and feel some comfort with the brand and know the brand –
therefore making our entrance into the area easier,” Dubb said.
Elsewhere in Chapel Hill, the new Rosemary Street parking deck is open, a new Indian
restaurant is planned for Franklin Street and the Durham-Chapel Hill corridor is quickly
growing with development.
Read the original article - https://www.bizjournals.com/triangle/news/2024/09/06/beechwood-carolinas-south-creek-chapel-hill.html
A new neighborhood offering more places to live, work and catch a bus to UNC and downtown Chapel Hill got its official launch Tuesday across from Southern Village.
At a ceremonial potting bench in a clearing just off U.S. 15-501, representatives from Beechwood Organization and Beechwood Carolinas joined Chapel Hill Mayor Jessica Anderson to break ground on South Creek, a $500 million, 43-acre mixed-use development with an 80-acre natural preserve.
The N.C. Native Plants Society gathered plants from the land this summer, some of which were potted Tuesday. The plants will be saved and replanted in Sarah P. Duke Gardens in Durham, said Aaron Nelson, president of the Chamber for a Greater Chapel Hill-Carrboro.
“I just love the fact that we are infiltrating, sending some of our growing plant life from Chapel Hill over to our friends at Duke, to grow and be nurtured and near their Gothic architecture,” Nelson said.
Construction crews will start the groundwork at South Creek later this month. The first building will be apartments with 10,000-square-feet of ground-floor retail across the highway from Southern Village’s Market Street business district, said Steven Dubb, principal and president of The Beechwood Organization. Work on the condominiums could start in 2025, he said.
RETAIL, RESTAURANTS AND A PUBLIC PARK
The full buildout of South Creek will take several years, adding 92 apartments for rent and 606 condos and 100 townhomes for sale. The market-rate townhomes and condos could cost from the $300,000s to over $1 million, development officials said.
About 100 housing units — 15% of the condos and townhouses and 10% of the apartments — will be priced at below market rates.
South Creek’s business district will include 21,000 to 52,000 square feet of commercial and retail space, with a public lawn and a plaza for outdoor dining. That includes a 6,000-square-foot restaurant with a terrace overlooking Wilson Creek and the park, Dubb said.
The retail mix should complement businesses in Southern Village, which include Weaver Street Market, coffee shops and restaurants, retail and entertainment, he noted.
The 80-acre public nature preserve and trails, as well as Wilson Creek, will be an amenity for residents and the public, Dubb said. More green spaces will be located near the Sumac Road intersection, where co-working and pop-up business space is possible.
SOUTH CREEK REPLACED OBEY CREEK
South Creek occupies a similar footprint that the Town Council approved in 2015 for Obey Creek, which was expected to bring about 700 apartments and over 1 million square feet of retail, offices and hotel rooms to the site.
Obey Creek developer East West Partners went through a multiyear public process to secure a development agreement from the town before failing to find the retail and office tenants needed to start construction.
In 2021, Obey Creek Ventures LLC sold the land to Beechwood Obey Creek LLC, a subsidiary of Beechwood Organization, for $7.25 million, county records showed.
Beechwood originally came to the town with a plan for 350 senior townhomes, but the council asked for more density and a diverse housing mix for individuals and families, Dubb said. It was unlike what they had encountered in other communities that also wrestled with housing and affordability, but “pay lip service to the issue and kick the can down the road,” he said.
WHAT LOCAL OFFICIALS ARE SAYING
South Creek will “truly be transformative,” Anderson said, noting the affordable housing and 80-acre park. “It’s a huge win for Chapel Hill and an amazing model of what Complete Community is all about,” she said, referring to the town’s strategy for housing that serves all residents and neighborhoods that don’t require a car to get around.
It isn’t hard to get a project done in Chapel Hill, “if you engage the community and the neighbors, if you work with the Town Council, if you show the community that you share their values, if you … read the plans for our community in advance,” Nelson said. “This organization has done that, and came out of some council meetings with lipstick all over them … and everybody was enjoying bringing to our community what we long desired.”
MORE PROJECT DETAILS
▪ A variety of housing types and sizes. 1-, 2- and 3-bedroom apartments and condos from 525 to 2,725 square feet; 3-bedroom townhouses with rooftop terraces and garages from 1,600 to 2,900 square feet.
▪ Roughly half of the affordable housing will be sold or rented to people earning 65% of the area median income and the other half will be sold or rented to people earning 80% of AMI — up to $59,360 a year for an individual or $76,320 for a family of three. Housing vouchers will be accepted. Over 600 for-sale condos will comprise most of the housing at South Creek, a 43-acre mixed-use development on U.S. 15-501 across from Southern Village in Chapel Hill. Beechwood Carolinas Contributed
▪ Amenities include green spaces, including an open lawn for events and entertainment and the 80-acre preserve. Three swimming pools, splash pads, a fitness center, game rooms, communal work spaces, and podcasting studios, plus a large outdoor space for food truck rodeos, farmers markets, festivals and other events.
▪ A memorial honors 1960s civil rights protests at the Watts Motor Court and Restaurant previously located on the site.
▪ Connections for cars, bus riders and pedestrians include three driveways, a full intersection at Market Street and a left-turn only intersection at Sumac Road, with a pedestrian refuge and activated traffic signals. Bus stops and the Southern Village park-and-ride lot are within walking distance, and a future bus-rapid transit station is planned at Market Street.
Read more at: https://www.newsobserver.com/news/local/counties/orange-county/article291933270.html#storylink=cpy
Nestled along the picturesque shores of Lake Norman, North Carolina, Lakeside Pointe offers a lifestyle that seamlessly blends modern design, premium amenities, and the tranquil beauty of lakeside living.
This new community boasts a diverse range of housing options, from waterfront homes to charming cottages, catering to various preferences. As you explore these housing choices, which encompass waterfront luxury, cozy cottages, and modern townhomes, get ready to uncover an equally diverse array of activities just moments away.
From thrilling water adventures and lakeside retreats to savoring local flavors and engaging in outdoor pursuits, this is more than just a location – it's a lifestyle filled with possibilities.
While the Lakeside Pointe properties boast numerous fantastic amenities, these suggestions are nearby bonuses for residents.
First and foremost, residents should be aware that they enjoy direct access to the lake, complete with private boat docks featuring slips and convenient kayak storage. Here’s a few fun water activities to check out:
Lake Norman is a haven for NASCAR fans. Known as Race City USA, this region offers immersive experiences that take you into the heart of racing culture.
Enjoy the rich tapestry of culture around Lake Norman, where you can step back in time, experience urban charm, embark on artistic journeys, and dig deeper into the region's heritage. These places are fantastic stopping points:
The Mint Museum (Charlotte): North Carolina’s first art museum, The Mint Museum, is a leading, innovative cultural institution and museum of international art and design. Take an artistic journey that highlights various aspects of creative expression, adding depth to your exploration of Lake Norman's culture and providing insights into the region's diverse artistic heritage.
Enhance your lakeside living experience with these additional nature-inspired options nearby:
Explore Lake Norman's rich culinary scene, shop at charming boutiques, and dive into lively local entertainment - a perfect experience for all. Here's a glimpse of what's in store:
The Lake Norman area hosts a variety of unique events and festivals throughout the year that cater to diverse interests, offering a chance to immerse in local traditions, culture, and community spirit.
Here's a selection of the most popular and anticipated events that you mustn't miss:
Lakeside Pointe offers not only a home but a complete ownership experience that embraces the beauty and adventure of Lake Norman. With a wide array of amenities this community provides something for every preference. Here are exclusive amenities and conveniences tailored for the residents of Lakeside Pointe:
Embrace the delights of Lakeside Pointe and Lake Norman, and craft lasting memories in this unique lakeside haven. Inquire today to learn the most up-to-date information about pricing, home site availability, and other community details.
Prices, promotions, incentives, features, options, amenities, floor plans, elevations, designs, materials, and dimensions are subject to change without notice. Square footage and dimensions are estimated and may vary in actual construction. Community improvements and recreational features and amenities described are based upon current development plans which are subject to change and which are under no obligation to be completed. Actual position of house on lot will be determined by the site plan and plot plan. Floor plans, interiors and elevations are artist’s conception or model renderings and are not intended to show specific detailing. Floor plans are the property of Beechwood Carolinas and its affiliates and are protected by U.S. copyright laws. This is not an offering to residents of NY, NJ, CA or CT or where otherwise prohibited by law. This material shall not constitute a valid offer in any state where prior registration is required or if void by law.
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