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Keeping in mind this specific project was approved in 2017 and a similar but different approval for apartments on this site was applied for and granted in 2007, before the great recession.
Bainbridge Companies has lots of projects in lots of places up the east coast and in texas.
The days of building SFHs in Cary are, for the most part, over; Cary is out of room! Mostly infill and redevelopment now... in "pocket areas". Sure there can be some "pocket neighborhoods" with a few SFHs (take the one on Pleasant St in DT Cary across from Cary Elementary as an example); but, these are going to be very few and far between. Of course, there will always be tear downs -plenty of that going on in DT Cary too (1950s-60s 1000 sqft brick ranches knocked down for a new build). Other than that, Cary is set for high density projects (apartments, condos, and don't forget senior living).
In theory this is good because it keeps the population growing and increases the tax base so should help keep taxes lower per individual. Also, in theory, it is good because it should make for more "affordable housing". I put this in quotes because of the monthly rates on some of these places...not so affordable..... easily more than some mortgage payments; I guess it is "affordable" because you don't need the down payment.
My concern is about the schools. For this particular project, on corner of 54 and Maynard, the base Northwoods Elementary is already capped -and they just added some of those lovely trailers... sorry... "modular classrooms". Where are these kids going to go to school? Also, families in apartments tend to be more transient and this is not always the best for the stability of the schools.
The days of building SFHs in Cary are, for the most part, over; Cary is out of room! Mostly infill and redevelopment now... in "pocket areas". Sure there can be some "pocket neighborhoods" with a few SFHs (take the one on Pleasant St in DT Cary across from Cary Elementary as an example); but, these are going to be very few and far between. Of course, there will always be tear downs -plenty of that going on in DT Cary too (1950s-60s 1000 sqft brick ranches knocked down for a new build). Other than that, Cary is set for high density projects (apartments, condos, and don't forget senior living).
In theory this is good because it keeps the population growing and increases the tax base so should help keep taxes lower per individual. Also, in theory, it is good because it should make for more "affordable housing". I put this in quotes because of the monthly rates on some of these places...not so affordable..... easily more than some mortgage payments; I guess it is "affordable" because you don't need the down payment.
My concern is about the schools. For this particular project, on corner of 54 and Maynard, the base Northwoods Elementary is already capped -and they just added some of those lovely trailers... sorry... "modular classrooms". Where are these kids going to go to school? Also, families in apartments tend to be more transient and this is not always the best for the stability of the schools.
I guess the school system could have seen this being approved in 2007 and done something about it in the last 13-14 years. Also, apartments have comparatively fewer school aged children per adult resident as people in this area generally move to SFH once their kids get older.
I guess the school system could have seen this being approved in 2007 and done something about it in the last 13-14 years. Also, apartments have comparatively fewer school aged children per adult resident as people in this area generally move to SFH once their kids get older.
Yeah apartments don't really produce as many students as people think, unless they're in one of the "OMG I have to send my kids to THESE schools" areas, where people will rent an apartment to get into the school while they look for a house in that assignment zone.
I would be curious to see a breakdown on how many schoolkids living in apartments use WCPSS, vs. the school tax revenues from apartment complexes.
Years ago, I pointed out to Long Lost But Not Forgotten Saturnfan that his typical school tax burden for his rental apartment was a fraction of that from an average single family home. That his personal contribution, implied from tax records, for his 4 kids in WCPSS was tiny.
That wasn't hard to do, but I am curious about the tax revenues vs. school attendance for whole complexes.
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Not to be confused with Morrisville's: 
