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Old 01-07-2021, 03:26 PM
 
Location: Cary, NC
4,297 posts, read 5,964,772 times
Reputation: 4793

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Quote:
Originally Posted by MikeJaquish View Post
TOC wants a pedestrian bridge between the two.
I think I would like to see a cable lift or gondola.

Or.. a zipline system.
It seems like that got dropped somewhere along the way. A provision for a landing spot for it at Fenton doesn't appear to be in the Fenton development agreement. The greenway will apparently eventually the existing small tunnel under Cary Towne Blvd, but it's not in a great location for connecting the actual developments.

Chances of a bridge also seem lower if CTC becomes a corporate campus. Epic might like it to enable its employees to access Fenton more easily, but there would be a lot less traffic and forth for the general public.
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Old 01-07-2021, 07:07 PM
 
171 posts, read 142,281 times
Reputation: 162
Quote:
Originally Posted by paytonc View Post
But for a little bit of timing, Cary could've had Wegman's anchoring the 87-acre CTC site -- fronting three major roads, with two traffic signals in place, and surrounded by other commercial, residential, and schools. (Yes, Wegman's would've been happy to join Belk; the Wegman's nearest me is in a Maryland lifestyle center which opened in 2010 with it and JCPenney as anchors.)

Meanwhile, the 92-acre Fenton property would make a great trophy corporate campus for Epic: it's hilly and scenic with a wooded ridge overlooking Walnut Creek, adjacent to a giant multi-sport recreational park with rugged trails, has limited access points, and IIRC was long zoned O&I anyhow.

For that timing error, I will squarely blame CBL. They were completely blind to any possibilities other than having a regional mall at that location, and resisted any approach other than swapping out anchor boxes. It took years of coaxing by the town to get them to acknowledge the mall should be opened up, and by that point the Fenton PDP had been negotiated and Wegman's lease signed. They couldn't even admit they lacked the capacity to redevelop the site until the bank forced their hand by calling default.

Having these uses in more appropriate places also would've saved town taxpayers some coin, as a good chunk of the 2019 bond issue is going to road improvements to get retail customers into Fenton. Those wouldn't be necessary if the retail traffic were at CTC, where road capacity is already mall-sized.

Wow. That is such a great insight. So true.
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Old 01-08-2021, 06:14 PM
 
2,486 posts, read 2,534,233 times
Reputation: 2202
Road traffic?

Happens often:
Cary Towne Blvd / SE Maynard Rd accident with injuries,
per live feed:
https://www.broadcastify.com/webPlayer/8963
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Old 01-08-2021, 10:32 PM
DPK
 
4,594 posts, read 5,707,322 times
Reputation: 6220
Quote:
Originally Posted by K4GPB View Post
Road traffic?

Happens often:
Cary Towne Blvd / SE Maynard Rd accident with injuries,
per live feed:
https://www.broadcastify.com/webPlayer/8963
Don't really see how that relates to this thread at all. You're just asking random questions and answering them yourself.
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Old 01-09-2021, 07:29 AM
 
2,486 posts, read 2,534,233 times
Reputation: 2202
Quote:
Originally Posted by paytonc View Post
Having these uses in more appropriate places also would've saved town taxpayers some coin, as a good chunk of the 2019 bond issue is going to road improvements to get retail customers into Fenton. Those wouldn't be necessary if the retail traffic were at CTC, where road capacity is already mall-sized.

I feel for the parents eventually in the lines of minivans at nearby Adams Elementary navigating the shoppers headed for Wegmans and the workers going to Epic.


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Old 01-09-2021, 07:58 AM
Status: "Made the Retirement Run in under 12 parsecs!!!" (set 21 days ago)
 
Location: Cary, NC
43,176 posts, read 76,815,786 times
Reputation: 45533
Quote:
Originally Posted by K4GPB View Post
I feel for the parents eventually in the lines of minivans at nearby Adams Elementary navigating the shoppers headed for Wegmans and the workers going to Epic.
Good point.
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Old 01-10-2021, 08:36 AM
 
426 posts, read 221,377 times
Reputation: 948
Quote:
Originally Posted by OberlinSouth View Post
At the very least it seems like a very unconventional choice for a corporate campus. $20M would probably get you 100 acres on Davis Drive in RTP, which isn't all that far away. Or $50M for the state property at the intersection of Edwards Mill and NC54. But like I said earlier in the thread, with a privately owned company they can do whatever they want. Tim Sweeney could decide to make the site his personal estate if he wanted to, and if he thinks it's worth it then that alone makes it a very good deal for him.
Doesn’t Tencent own almost half of Epic? While a lot of their focus is Big Tech, they have recently been investing in brick and mortar real estate opportunities both at home in China and elsewhere. The plan may not be to use all of it for Epic. Could be an opportunity for some of the other Tencent holdings, or maybe just a mixed-use real estate play with a sale/lease-back by/to Epic for a portion.
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Old 01-14-2021, 09:34 AM
 
Location: Garner, NC
84 posts, read 155,370 times
Reputation: 143
waaaay late to this thread and I don't know how many will get this reference but
at least we know where Fedex will deliver Tony Stank's packages

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Old 01-14-2021, 10:37 AM
 
459 posts, read 370,120 times
Reputation: 447
Quote:
Originally Posted by AppyHeel View Post
Doesn’t Tencent own almost half of Epic? While a lot of their focus is Big Tech, they have recently been investing in brick and mortar real estate opportunities both at home in China and elsewhere. The plan may not be to use all of it for Epic. Could be an opportunity for some of the other Tencent holdings, or maybe just a mixed-use real estate play with a sale/lease-back by/to Epic for a portion.
40% of Epic Games. So not a controlling stake but vast amount of wealth is being transferred to China.
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Old 01-26-2021, 07:30 PM
 
2,486 posts, read 2,534,233 times
Reputation: 2202
Quote:
Originally Posted by SFspiderman View Post
Saw a post on NextDoor saying a Belk employee said they have to be out by the end of April.

Ch. 11 Bankruptcy filed today by Belk; they plan to keep stores open in other locations.


source:
https://www.prnewswire.com/news-rele...301215521.html





quote:
Belk expects to complete the financial restructuring transaction through an expedited "pre-packaged" reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company expects the transaction to be completed by the end of February.
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