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Powell Place is a planned $50 million mixed-use development with commercial and residential uses that will locate at the northwest corner of Broad Street and Old Powell Road in the Town of Fuquay-Varina in Wake County, North Carolina. The residential use would be 265 luxury apartments on 28 acres. The commercial use is a grocery-anchored retail center.
A traffic signal at Broad Street and Old Powell Road is proposed.
Just be careful about what they are promising. We moved into a large neighborhood in Fuquay that also promised to be a mixed-use neighborhood--Fuquay's first master-planned community. However, even though our neighborhood isn't even halfway built out, the town voted to rezone some of the commercial land for more homes, and then just this week, the town council voted to rezone a huge swatch of commercial property into light industrial (ignoring the recommendation of the planning and zoning board, I might add). Why? So they can put a mini-storage facility in our neighborhood. That's right--instead of the vision they sold us on, we are now getting a mini-storage with an entrance in the neighborhood despite the overwhelming opposition of the neighborhood. As a warning, if it can happen to this beautiful and very popular neighborhood, it can happen anywhere in Fuquay. The town leadership does not listen to the voices of the residents. If I were buying right now, I would look elsewhere.
Just be careful about what they are promising. We moved into a large neighborhood in Fuquay that also promised to be a mixed-use neighborhood--Fuquay's first master-planned community. However, even though our neighborhood isn't even halfway built out, the town voted to rezone some of the commercial land for more homes, and then just this week, the town council voted to rezone a huge swatch of commercial property into light industrial (ignoring the recommendation of the planning and zoning board, I might add). Why? So they can put a mini-storage facility in our neighborhood. That's right--instead of the vision they sold us on, we are now getting a mini-storage with an entrance in the neighborhood despite the overwhelming opposition of the neighborhood. As a warning, if it can happen to this beautiful and very popular neighborhood, it can happen anywhere in Fuquay. The town leadership does not listen to the voices of the residents. If I were buying right now, I would look elsewhere.
Seems we share the same neighborhood. I agree with all that was said. The town's decision left a really bad taste in my mouth about Fuquay and their failure to listen to its tax paying citizens. A storage facility when there is one a quarter mile down the road in one direction and another less than two miles in the other direction. That should be enough to tell you about who the town values. It isn't it's citizens.
Just be careful about what they are promising. We moved into a large neighborhood in Fuquay that also promised to be a mixed-use neighborhood--Fuquay's first master-planned community. However, even though our neighborhood isn't even halfway built out, the town voted to rezone some of the commercial land for more homes, and then just this week, the town council voted to rezone a huge swatch of commercial property into light industrial (ignoring the recommendation of the planning and zoning board, I might add). Why? So they can put a mini-storage facility in our neighborhood. That's right--instead of the vision they sold us on, we are now getting a mini-storage with an entrance in the neighborhood despite the overwhelming opposition of the neighborhood. As a warning, if it can happen to this beautiful and very popular neighborhood, it can happen anywhere in Fuquay. The town leadership does not listen to the voices of the residents. If I were buying right now, I would look elsewhere.
Does Fuquay-Varina need a self storage complex on every street corner? Its town council should adhere to a smart growth master plan, or it needs new town council members that can execute direction.
Does Fuquay-Varina need a self storage complex on every street corner? Its town council should adhere to a smart growth master plan, or it needs new town council members that can execute direction.
Not just FV, we live in Cary and we seem to have more than enough as well...with more going in all the time (look at Maynard or 55). Whenever wife and I are driving together and see some new construction starting somewhere, we look at each other, grimace, and say "storage units"; more than half the time we turn out to be right. As Seinfeld might say.... What is the deal with all the storage units? Seriously, there has to be some underlying socio-economic reason. Maybe investors figure it is "Amazon proof", at least until they totally own cloud storage and decide to add self-storage to their ever expanding business portfolio (retail, grocery, entertainment, shipping, data storage). Or, more people are being priced out of the housing market and are stuck in apartments and need storage solutions.
Ask any self-storage owner how many units are used for car or boat storage due to HOA restrictions.
How many are used by small businesses, tradesmen, mobile businesses? It is often the cheapest way for a small business to get dry and secure equipment, materials, and file storage.
How many are used on a temporary basis by people in housing transition?
So, they are not all overflow personal junque.
But, all that said, there sure does seem to be an epidemic of self-storage facilities.
Not just FV, we live in Cary and we seem to have more than enough as well...with more going in all the time (look at Maynard or 55). Whenever wife and I are driving together and see some new construction starting somewhere, we look at each other, grimace, and say "storage units"; more than half the time we turn out to be right. As Seinfeld might say.... What is the deal with all the storage units? Seriously, there has to be some underlying socio-economic reason. Maybe investors figure it is "Amazon proof", at least until they totally own cloud storage and decide to add self-storage to their ever expanding business portfolio (retail, grocery, entertainment, shipping, data storage). Or, more people are being priced out of the housing market and are stuck in apartments and need storage solutions.
I always enjoy when people pay $1,000s in storage unit fees for stuff that is probably worth a few hundred bucks. It just disproves the economic theory of human rational behavior in one broad stroke.
I always enjoy when people pay $1,000s in storage unit fees for stuff that is probably worth a few hundred bucks. It just disproves the economic theory of human rational behavior in one broad stroke.
If you limit it to pure economic value and ignore the emotional value to those individuals. I suppose it is roughly equivalent to "goodwill" in a valuation.
Ask any self-storage owner how many units are used for car or boat storage due to HOA restrictions.
How many are used by small businesses, tradesmen, mobile businesses? It is often the cheapest way for a small business to get dry and secure equipment, materials, and file storage.
How many are used on a temporary basis by people in housing transition?
So, they are not all overflow personal junque.
But, all that said, there sure does seem to be an epidemic of self-storage facilities.
Excellent points! It could be associated with high growth in a mobile society -construction/trades and transplants. I wonder if other fast growing metros, with lots of positive migration, are seeing them spring up too? I'm thinking the usual suspects (Seattle, Austin, Nashville).
Just be careful about what they are promising. We moved into a large neighborhood in Fuquay that also promised to be a mixed-use neighborhood--Fuquay's first master-planned community. However, even though our neighborhood isn't even halfway built out, the town voted to rezone some of the commercial land for more homes, and then just this week, the town council voted to rezone a huge swatch of commercial property into light industrial (ignoring the recommendation of the planning and zoning board, I might add). Why? So they can put a mini-storage facility in our neighborhood. That's right--instead of the vision they sold us on, we are now getting a mini-storage with an entrance in the neighborhood despite the overwhelming opposition of the neighborhood. As a warning, if it can happen to this beautiful and very popular neighborhood, it can happen anywhere in Fuquay. The town leadership does not listen to the voices of the residents. If I were buying right now, I would look elsewhere.
I assume you live in South Lakes? Looking at the map for the community, I would be very upset if I lived there. The mini-storage place is basically going to be in the neighborhood.
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Be careful.
