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A commercial component of the massive Chatham Park development is shaping up to be an arts- and entertainment-focused district that draws on the county’s rural heritage, culture and relatively affluent, rapidly growing populace.
That’s the picture that emerges from details the developer disclosed this week for Mosaic, a 350-acre, $800 million mixed-use project that aims to quell concerns of people who already live in quiet Pittsboro and surrounding areas.
Quote:
Mosiac includes:
▪ What marketers are calling “urban-urb” living arrangements – 210 apartments with the feel of urban density integrated with a suburban neighborhood feel – plus 125 apartments that will comprise an “active adult arts colony” named Veranillo, which is Spanish for Indian summer.
Fugo got the idea from a nonprofit group called EngAGE, which has created eight arts-focused living arrangements for older tenants in California. Fugo formed a partnership with its founder to build centers on the East Coast. Veranillo will offer college-level courses in such areas as writing plays or memoirs, painting, sculpting and design.
▪ There will be a stage next door with a resident theater group, movie screens and an amphitheater.
▪ A 120-bed hotel.
▪ A micro-brewery, specialty grocery store and farm-to-table restaurants are among the more than 200,000 square feet of local and regional shops, restaurants and services that planned.
▪ 88,000 square feet of technical and creative office space.
chatham park isnt well positioned to durham RTP nor raleigh
what's the logic?
I don't have an opinion on whether it's a good idea or not, only time (and execution) will tell.
But the logic is that if a developer can get in, build, get paid, and get out, then they likely don't care what happens after that. I do have an opinion on that, and it's that it sucks. Not all developers are alike, and maybe these folks are really interested in doing some good, and building a wonderful community.
chatham park isnt well positioned to durham RTP nor raleigh
what's the logic?
It's no worse than Wake Forest or areas surrounding it.
It will allow easy access to 64 which feeds right into 540 and that will likely result in a 30-45 minute drive to RTP, almost exactly how long it would take from Wake Forest or any area east of Falls of Neuse.
It will be great for the local economy and for the region. It will hurt for people who are living there now and who have no desire to be in a true suburb. Twenty years from now, no one will be debating the point.
Hopefully by the time this thing is built, even more companies will allow teleworking (work from home). There's no reason why people need to schlep their butts into office chairs 5 days a week
I don't have an opinion on whether it's a good idea or not, only time (and execution) will tell.
But the logic is that if a developer can get in, build, get paid, and get out, then they likely don't care what happens after that. I do have an opinion on that, and it's that it sucks. Not all developers are alike, and maybe these folks are really interested in doing some good, and building a wonderful community.
As I say, time will tell.
I don't think Chatham Park is a case of get in, get paid, and get out--it isn't being developed by a national outfit based in another state. The timeline for this project is on the order of 30 years and the lead developer for the Park is a local company backed by a local billionaire (Preston Development Group and Jim Goodnight, respectively). The commercial developer that has been announced (Eco Group) is also local; it's actually a collaboration of two local companies (Montgomery Carolina LLC and Lee-Moore Capital Company).
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