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I've been a Five Points resident since 1997. I've always wondered what originally stood where the Audio building is? And what was located where the Rite Aid/Bloomsbury Bistro/Art Gallery are located?
It'd seem that most residents in that neighborhood like to oppose everything just for the hell of it.
NIMBY syndrome.
That is just not true. Where do you get your info. There has been plenty of change in Five Points just in the last 15 years. Residents are just not going to approve anything massive or out of scale. Have talked to alot of FP's residents about redevelopement issues?
I've been a Five Points resident since 1997. I've always wondered what originally stood where the Audio building is? And what was located where the Rite Aid/Bloomsbury Bistro/Art Gallery are located?
If I am not mistaken, that whole corner was occupied by one large estate before it was a shopping center. That was a long time ago. Whitaker Mill Rd on the Church Side was all houses in what is now the church parking lot.
I lot of folks must like it the way it is, because it has the highest housing price per square foot in the Triangle. (the Ghimgoul area of Chapel Hill may be a little higher). Most all of these homes are updated and there are tons of children. The archetecture is not cookie cutter and you can walk to many things. Other than that, I do not know why anyone would want to live in the Five Points area. Oh yeah-property values that have appreciated and remained a great value for decades and stable neighborhood schools. That is about it.
If you work downtown, it is convenient. If your entertainment is downtown, it is convenient. Real estate pricing is heavily weighted by location. Some move there as a status symbol. There can be many reasons. Even though the pricing is steep, I would not say the majority of people in this area would prefer to live there. Most people prefer to retreat to their homes. There are enough people that want to live there, so it holds its value.
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