A $500 million mixed-use development with up to 50,000 square feet of commercial space is coming to southern Chapel Hill.

Beechwood Carolinas, a New York-based developer, is advancing plans for South Creek across from Southern Community Park after the Chapel Hill Town Council unanimously approved a rezoning earlier this month. The 815-home development at 4511 S. Columbia St. will also have between 21,000 and 52,000 square feet of retail and commercial space.

Beechwood Carolinas Principal Steven Dubb said South Creek is fully funded through The Beechwood Organization, which Beechwood Carolinas is a division of, without outside equity or capital partners. The company might secure a construction loan in the future, but it doesn’t need one yet.

There will be 120 apartments, 606 condominiums and 89 townhomes. The apartments and condos will be a mix of studio, one-, two- and three-bedroom units while the townhomes will have two, three and four bedrooms. Both the apartments and condos will be in 5-story buildings over covered parking and some retail. The townhomes will be two stories with garages.

The apartments will range from 525 to 2,725 square feet and be for rent. Dubb said the units will be market rate. The condos will have the same square footage range as the apartments but will be for sale. The townhomes will be 1,600 to 2,900 square feet and also be for sale. Dubb said the pricing will start in the $300,000s and push close to the million-dollar range.

Part of the rezoning came with a condition that 15 percent of the for-sale units and 10 percent of the apartments must be affordable. All the affordable units must be split in half at 65 percent of the area's median income and 80 percent of AMI. Residential amenities include a swimming pool, splash pads, fitness center, game rooms, communal workspaces, podcasting studios and outdoor gathering spaces. One of the outdoor spaces will be an open lawn for events and entertainment while a larger outdoor green space will be for events like food truck rodeos, farmers markets and festivals. There will also be public art and EV charging stations.

The commercial and retail portion will be uses that complement the community like food and beverage retailers, services, office and medical office. Dubb said the company isn’t looking to bring in a grocer though as Weaver Street Market is across the street in Southern Village. With a big range of potential commercial space, the company is looking to hit the upper end of that square footage.

“[Looking to bring] The types of tenants that our owners and renters would consider to be an amenity to the community and who can support living in the community and not necessarily having to get in your car to go do everything,” Dubb said. “Based on the input from the town that we've gotten and what we know from doing projects like this in the past, the more quality retail we can build, the better the project is. We are hoping to maximize that [commercial space].” 

Originally the company was anticipating breaking ground in late 2024 but Dubb said it is aiming for starting in mid 2024 with first occupants moving in 2025. The entire development is a multi-year, multi-phase project that will take between four to eight years to complete.

The previous zoning allowed for a former development proposed on the site, Obey Creek by East West Partners. Obey Creek was more commercial heavy and took several revisions to get approved. With the change in the market, East West Partners decided to forego the project.

The Beechwood Organization acquired 103-acres for $7.25 million in 2021 from East West Partners with 43 of them slated for the South Creek development. This is the company’s first development in the Triangle. The company recently launched Beechwood Carolinas, which will focus on residential development in the Carolinas.

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CHARLOTTE, N.C.--(BUSINESS WIRE)--Beechwood Carolinas, a division of The Beechwood Organization – one of the largest privately-owned developers of single-family homes, multi-family homes and luxury lifestyle communities on the East Coast – announces the May 17 opening of its sales gallery for Lakeside Pointe on Lake Norman, its flagship 217-home lifestyle community sited on 83+ acres in one of the most scenic locales of North Carolina, 30 miles from Charlotte in Catawba County’s Sherrills Ford.

“As we continue site development, we are excited to open our sales gallery with the Cottage Collection, our first homes for sale at this beautiful property with incredible natural features.”

Located along a picturesque peninsula with direct access to more than a mile of coveted Lake Norman waterfront, Lakeside Pointe will ultimately offer a range of Inland, Waterview and Waterfront homes; a 5,000-square-foot private clubhouse and private boat slips for residents; 68,000 square feet of retail; and 26 acres of preserved open space for community pleasure.

“There are few waterfront opportunities remaining on Lake Norman, and with events over recent years, people are looking for their own private sanctuary at home, where they can enjoy the outdoors and celebrate nature with family and friends," says Robert Kardos, President, Beechwood Carolinas.

SALES GALLERY OPENS WITH THE COTTAGE COLLECTION

Given the overwhelming interest in this one-of-a-kind lakeside community, and brisk sales at new Beechwood communities in Weddington and Marvin, the Lakeside Pointe sales gallery will be open by appointment offering a limited first release of 10 homes from the Cottage Collection with introductory pricing from the mid $500,000s.

For empty nesters, young professionals and families seeking a first- or second-home, three cottage models, 2,182 to 2,778 square feet, are available. Floorplans range from one-bedroom plus den to four bedrooms with one-and-one-half to four baths, all with a primary suite on the main level. Living space is maximized without compromising design. Airy, open environments allow for freedom of movement, while additional bedroom suites are strategically placed on the second level for discretion and privacy when needed. The result provides the design expected in a custom estate without the large footprint.

SALES SUCCESS AT WEDDINGTON GLEN AND BROADMOOR AT MARVIN COMMUNITIES

Propelled by market demand for its quality and style of new construction homes in prime locations, the launch of Lakeside Pointe at Lake Norman follows Beechwood’s success at Weddington Glen, where 91% or 32 of 35 homes are sold, and Broadmoor at Marvin, where over half or 33 of 62 homes are sold.

At the 35-home Weddington Glen community on 48 acres at Matthews Road in Weddington, the developer’s first community to break ground in 2022, homes are priced from $1.1 million to $1.3 million.

At the 62-home Broadmoor at Marvin community, on 86 acres at Waxhaw-Marvin Road in the heart of Marvin, prices range from $1.2 million to $1.7 million for luxury homes and $1.8 million to $2.5 million for custom homes.

BEECHWOOD’S CAROLINAS VISION

“Our vision is to tailor our signature quality of home styles with local lifestyles. We’ve partnered with local experts in the land planning and design space to ensure our communities in the Carolinas meet the desires and needs of current and future residents,” says Steven Dubb, Principal, The Beechwood Organization.

Beechwood engaged Shook Kelley, a Charlotte-based planning and architectural design firm, on the master plan for Lakeside Pointe to combine its own building, design and land management expertise with local expertise. The company expects to tap more local talent as it creates new jobs that in turn will contribute to the local economy.

“We now look forward to joining the Lake Norman community. Our appreciation for the people and landscapes of the Carolinas continues to grow. We’re just getting started!” added Dubb.

To schedule an appointment with the Lakeside Pointe sales gallery located at 7235 Fighting Creek Road, Sherrills Ford, NC 28673, interested buyers can call 828.554.7378. To stay updated on Lakeside Pointe and its fellow communities, visit beechwoodcarolinas.com.

ABOUT BEECHWOOD CAROLINAS

The Beechwood Organization is ranked at the forefront of privately-owned residential developers nationwide and on the East Coast. It is one of the largest developers of single-family homes, multi-family homes and sophisticated lifestyle communities in New York State ranking #58 of 245 U.S Housing Giants by Professional Builder Magazine. Since 1985, Beechwood has built more than 9,500 homes in 70 communities. Since 2017, it has averaged 3.9 million square feet in new developments annually with future ones on the map from New York to the Carolinas.

Beechwood founder and chief executive Michael Dubb, with son and principal Steven Dubb, are renowned for their innovative and forward thinking in “not just selling a home, but a lifestyle” with signature quality construction and design for the way sophisticated buyers and renters want to live today. Their company is known for its commitment to thoughtful land planning and design, repurposing disused land, building in harmony with nature and creating a benefit for all residents.

Since 2021, Beechwood carries these values forward to North Carolina. With thoughtful proposals for new residential developments, starting in Charlotte and Chapel Hill, under the aegis of Robert Kardos, Regional President, Carolinas, who has led the development of new construction homes across the Carolinas for more than 35 years. Beechwood’s vision for the Carolinas is to enhance quality of life for both residents and the distinguished communities in which it develops. Home styles in every community are designed specifically for their location and reflective of the Beechwood commitment to its buyers for newly built homes that embody innovative design, wellness, eco-friendliness, and smart home living.

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Developers Mike Dubb and Larry Roth have decided to build condominiums instead of apartments as they charge ahead with a $75 million-plus expansion and renovation of the Adelphi Hotel in downtown Saratoga Springs.

The strategy shift comes after the developers discovered during last year’s test marketing that there is a growing number of potential customers who are more interested in buying than renting a piece of the 200,000-square-foot Broadway resort.The vision for the project is to create a 5-star lodging and dining experience unlike anything else in the affluent city of 28,000. The resort will expand its number of hotel rooms from 32 to 65, while constructing an additional 79 condos that will be marketed for somewhere between $600,000 to $1.5 million apiece. The Adelphi also will offer customers access to a spa, concierge services, housekeeping, a ballroom and on-site restaurants serving sushi, raw oysters and $90 Delmonico steaks.

Development partners Dubb and Roth hinted they were thinking about a shift from apartments to condos last fall. Since then, they decided to seek approval for their condo offering plan from the New York State Office of the Attorney General.

The fellow thoroughbred owners and racing fans teamed up two years ago to map out a strategy for expanding the Adelphi.

Dubb is the founder of Beechwood Homes, a company that has constructed more than 10,000 houses on Long Island. Dubb also has had success developing large-scale luxury resorts. He developed The Vanderbilt with 197 apartments and hotel rooms in Westbury on Long Island four years ago. Demand was so strong, he constructed a similar project about a mile away, The Selby in Westbury, with 237 apartments and hotel rooms.

Roth is the former owner of Marchon Eyewear Inc., one of the world’s largest eye care companies. He also was part of a separate group that invested $28 million to renovate the Adelphi into a 32-room boutique hotel about five years ago, offering guests rooms with heated floors, heated toilet seats, bidets and fiber optic internet connections.

Now, Roth and Dubb are expanding the Adelphi by tying it into the former Rip Van Dam hotel next door.
Bonacio Construction of Saratoga Springs is the contractor for the project and Gilbane Building Co. of Albany is the owner’s representative.

Dubb said the Adelphi expansion remains on track to be completed by spring of 2024. Some of the new hotel rooms are expected to open next month. And the remainder of the hotel rooms will be ready in time for the 2023 thoroughbred racing season this summer.

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Under Michael Dubb’s leadership, The Beechwood Organization has built more than 9,500 homes and 70 communities in Long Island, New York City, Upstate New York and North Carolina since 1985.

His privately owned company is one of the largest builders of single-family and multifamily housing in New York State and has created many notable sophisticated lifestyle communities on Long Island.

A native Long Islander, Dubb is highly active in civic, community and professional organizations. An avid horseman, he is a seven-time leading thoroughbred owner in New York State and has served as a board director of the New York Racing Association since 2008. In this role, Dubb led the effort to create better living conditions for backstretch workers, including the construction and renovation of several dormitories at racetracks in Belmont and Saratoga.

However, Dubb views his greatest achievement for the region as bringing the New York Islanders back to Nassau County. When he learned the NHL team was contemplating a new arena at Citi Field in Queens, he immediately brought his business partner and friend, Charles Wang, to Belmont Park. Together they created the vision for a new arena and presented it to Scott Malkin, a current co-owner of the Islanders, who also liked and approved the idea. Their vision became reality when UBS Arena opened to fans in 2021.

The pinnacle of Dubb’s public service is on behalf of The Belmont Childcare Association, for which he is chairman and past president. In 2002, Dubb spearheaded, built and donated materials for construction of Anna House, a 7,500-square-foot daycare center for the children of Belmont Park’s backstretch workers.
In the 20 years since, 1,200 children from infancy through 7th grade have attended pre-school and after- school programs. This innovative initiative, providing daily education and care for 75 children each year, 365 days a year, was the first of its kind in the nation and set a standard for other racetracks to emulate. In 2011, given the overwhelming need for this program, and to accommodate additional children, Dubb built a 1,500-square-foot extension. In 2020, at Saratoga Race Course, he donated and built a 4,300-square-foot facility, Faith’s House, named after his mother, which opened in 2021.

Dubb is a lifelong director and former two-time president of the Long Island Builders Institute and a former board member of the Long Island Housing Partnership.

Build a home completely tailored to your lifestyle.

Regional President of Beechwood Carolinas, Bob Kardos, spoke with QC Morning about the benefits of buying from floor plans and how the way we live impacts our floor plan design.

Watch the full video below!

Your home is your sanctuary. At Beechwood Carolinas, we consider your health and wellbeing in every aspect of our homes and communities. Your home gym or spa, outdoor living spaces and even your filtration systems are given as much thought and consideration in the planning process as your kitchen and bathrooms. Air, light, water, comfort and sound are integral features of our home design.

From the beginning of the design process, we consider what features truly make a difference in health and well-being. From carefully designing every room for the best natural lighting and offering more energy-efficient windows to selecting in-house air quality systems and water filtration rough-ins. Every aspect of your home, whether visible or integrated, is designed with your well-being in mind.

In our luxury home collection, we offer floor plans with flexibility. Finished bonus rooms and extra bedrooms give you the freedom of a dedicated work-from-home office or homeschool classroom. Create a yoga studio or meditation cave to center your body and mind. Our innovative and spacious bathrooms allow you to create the perfect at-home spa experience. The bonus garage on The Magnolia floor plan is the perfect space for a private at-home gym, so you don’t disturb the rest of your household with your guilty pleasure workout playlist.

At Beechwood Carolinas, we put thoughtful care into our land planning in order to surround our residents with the grounding presence of nature. If you select a meadow or wooded lot in one of our Union County communities you have gorgeous community green space with easy access to local parks and nature trails. Our Lake Norman community offers waterfront or water view homes with access to over 30 acres of carefully preserved natural land with walking trails and parks.

Our thoughtful planning for your wellbeing goes beyond just our homes. Homeownership at our Broadmoor at Marvin community includes social membership at the renowned Firethorne Country Club. This allows you to extend your lifestyle with world-class golf, tennis, swimming and an array of amenities and services.

Check out our communities in your area to find the perfect home for your sanctuary.