National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Cary, NC Development Faces Historic Obstacle
Northwoods Associates LLC is interested in joining forces with the town of Cary, NC to build a 55,000-75,000-square-foot retail and office building at West Chatham Street and Harrison Avenue. The downtown project, in the works for about a decade, will cost approximately $51 million.
One continuing obstacle is that the project would require moving the Ivey-Ellington House to another location up the road. The Ivey-Ellington House, at 135 W. Chatham St., dates back to the late 19th century.
The structure is on the National Register of Historic Places, and concerns were aired at a recent council meeting that moving the house could impact its historic significance. Nor were all council members in favor of where the house could end up, facing a new access road.
- ◦Development
