Waterstone Business Park

Transcription

1 Orange County, North Carolina Waterstone Business Park Parcel Size Price Location Zoning Topography Combined total of 47 acres (Parcel #5-22 acres, #7-25 acres) $74,545 per acre (Parcel #5), $32,880 per acre (Parcel #7) Location of UNC Hospitals newest satellite campus and Durham Tech community college campus Located at Interstate 40 Exit 26 (Old NC 86) 32 miles to RDU International Airport Four major research universities within 45 miles Zoned ESU (Entryway Special Use) with range of approved uses, including hotel, retail, office, mixed use, business park Generally flat Infrastructure Water Service Provider: Sewer Service Provider : Electric Service Provider: Roadway: Town of Hillsborough (2 water line) Town of Hillsborough (8 sewer line) Duke Energy or Piedmont Electric Cooperative (3-Phase) Spine road and connection to US Hwy 86 extended into park Orange County Economic Development 3 W. Margaret Lane, PO Box 77, Hillsborough, NC Information herein is subject to verification by all parties and may change without notice

2 Orange County, NC Waterstone Business Park Workforce Contact ± 644,000 workers within 30-mile radius 54% of adults have bachelor s degree or higher Steve Brantley Orange County Economic Development sbrantley@orangecountync.gov

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9 Creedmoor BYP BYP BUS 54 Lake Johnson Haw River Greshams Lake Lake Crabtree Falls Lake Horace Williams Airport Scale: Approximate Miles RALEIGH DURHAM CHAPEL HILL CARY RESEARCH TRIANGLE PARK Carrboro Hillsborough Morrisville RDU International Airport Waterstone

10 WATERSTONE Land Tracts for Sale 96.4 Acres Available PROPERTY FEATURES Mixed-use, office, retail, multi-family, and business park zonings Majority of infrastructure in place includes water, sewer, and spine roads The spine road and connection to Highway 86 that runs east to west from the traffic circle on the northern portion of the property is still outstanding LOCATION OVERVIEW Waterstone is a 38-acre, mixed-use master-planned development located just east of the I-40 and I-85 intersection in Hillsborough, NC with frontage on I-40 and Highway 86. Adjacent to the future UNC Hospital and Durham Technical Community College, this property is situated on the western side of the Triangle market along the I-40 corridor which provides easy accessibility to the Triangle or the Triad region. Waterstone is located in Orange County which includes municipalities such as Chapel Hill, Hillsborough, and part of Mebane. Waterstone is well positioned along the I-40 corridor in Orange County and with the recent development activity taking place should be poised to absorb additional office, retail, multi-family, and independent living opportunities if widely marketed correctly. SITE FEATURES Available Land 96.4 Acres list price Call for details timing Available immediately UTILITIES Municipal water & sewer available PIN numbers , , , demographics mile 3 miles 5 miles ESTIMATED POPULATION 2,79,668 2,088 Housholds 922 4,820 8,73 est. household income $73,78 $69,38 $,4 traffic counts I-40 50,000 VPD I-85 47, 000 VPD Hillsborough 50 5 Creedmoor GRANVILLE COUNTY Frank WATERSTONE 85 Falls Lake 50 Youn 40 DURHAM 98 DURHAM COUNTY ORANGE COUNTY 86 CHAPEL HILL Wake Forest

11 WATERSTONE Land Tracts for Sale 96.4 Acres Available Tract Acreage TOTAL 96.4 SOLD UNDER CONTRACT AVAILABLE Multi-family

12 WATERSTONE Land Tracts for Sale 96.4 Acres Available OLD NC Durham Technical community college WATERSTONE DRIVE 40 FUTURE UNC HOSPITAL 86 Waterstone AVAILABLE LAND UNAVAILABLE LAND

13 WATERSTONE Land Tracts for Sale 96.4 Acres Available Waterstone Drive 2 College Park Road Old NC 86 3 UNC HospITAL: phase Durham Technical Community College 3 Future UNC Hospital 2 DURHAM TECHNICAL COMMUNITY COLLEGE

14 WATERSTONE Land Tracts for Sale 96.4 Acres Available Existing Day Care 4 College Park Road Old NC 86 6 Durham Technical Community College Roundabout at COLLEGE park Drive 6 Future UNC Hospital Highway 86 & I-40 Overpass

15 WATERSTONE Land Tracts for Sale 96.4 Acres Available Tract 5, 7, 9, 20, 2 Pin# SITE FEATURES Tract size Tract 5 Tract 7 Tract 9 Tract 20 Tract 2 approved USES Tract 5 Tract 7 Tract 9 Tract 20 Tract 2 APPROVED SF Tract 5 Tract 7 Tract 9 Tract Mixed-use CCRC Office Civic Office 68,200 SF of which 22,0 SF may be retail plus 2nd or 3rd story dwellings 200 independent living units and 80 skilled nursing or assisted living units 37,000 SF of office/clinical Reserved for public safety building amended use and intensity Tract 2 Tract 5 Office/clinical uses Allow 240,000 SF of any uses allowed with mixed-use (on 22 acres); No residential Tract 7 Tract 9 Reduce size by 2.5 acres; Remove CCRC designation; Allow Business Park or Multifamily or a mix of the two; Multi-family would be allowed at 2 units per acre; Business Park would be allowed 0.25 SF of building for each square foot of land; Establish a 65% impervious surface limit; Require paved landscaped pedestrian access from this parcel to Parcel 5. Becomes retail/office 5 7 Tract 20 Allow conversion to Retail/Office if eight is used for Civic; Allow 50,000 SF of retail/office if converted; Establish 65% impervious surface limit is developed as Retail Office Tract 2 Becomes Retail/Office

16 Demographics The following is a demographic summary based on information provided by ESRI for, 3, and 5 mile radius rings centered on Waterstone Drive. Ring Radius (miles) 3 5 Population 2,79,668 2,088 Households 922 4,820 8,73 Average HH Size Average HH Income $73,78 $69,38 $,4 Traffic counts Traffic Counts (daily) I-40: I-85: 45-50,000 VPD 4-47,000 VPD