TITLE: Title
Concept Plan for Affordable Commercial - Development Potential of Old 86 - Town Owned Property
PURPOSE: The purpose of the agenda item is to gather feedback from the Board of a proposal by staff to develop town-owned property for affordable commercial flex-space.
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DEPARTMENT: Economic and Community Development
CONTACT INFORMATION: Annette Stone, AICP, ECD Director
INFORMATION: Available affordable space for flex warehouse/light manufacturing is very limited in Carrboro, therefore the Board of Aldermen directed staff to identify opportunities to lift barriers to develop this type of space. Availability and cost of land is a limiting factor affecting commercial development and the town's ability to attract or retain light manufacturing companies. Staff is seeking direction from the Board on developing an RFP to invite the development community to submit proposals for developing town-owned property located on Old 86 to create an affordable light manufacturing commercial park.
The property, located approximately one mile north of Calvander was originally purchased by the town in 2001 for $767,000 and was intended for a new public works facility. The town has now determined that this location is no longer needed for that purpose, therefore staff has begun studying the property for commercial development potential. Preliminary study reveals a building program of approximately 90,000 square feet of warehouse/flex commercial space is possible (see attachment 1). The attached site plan illustrates four (4) 20,000 square feet buildings and the possibility of two or more, smaller 5000 to 10,000 sq. ft. building footprints.
Staff's proposal would be to issue an RFP with input from the neighboring properties for a development that sets forth certain development criteria dictating development standards and conditions related to; required square footage, leasing terms with the town, aesthetics of the construction, proposed site plan, estimated c...
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