South-Carolina based Columbia Development Group says it is partnering with Raleigh office developer Highwoods Properties to develop 90 acres of currently N.C. state-owned property across from Cary Town Centre, for what it describes as a “vibrant and innovative” development with office space, high-end retail and North Carolina’s first Wegmans grocery store.
The developer has revised its plans, adding Highwoods (which recently built the new MetLife headquarters), while increasing the emphasis on office space in the proposed development near the struggling Cary Mall.
“Highwoods, along with our other potential partners for the development, are very excited about he opportunity to develop a one-of-a-kind employment center that includes an amenity like Wegmans,” Abbitt Goodwin Jr. a partner at Columbia’s Raleigh office, told the News and Observer.
He said the company will soon file a revised plan with the Town of Cary.
“The new plan will show an innovative, mixed-use gateway, anchored by a class A office complex, multi-family housing, new roadway and pedestrian connections to WakeMed Soccer Park, and high-end retail spaces, including Wegmans,” he said in an email to the newspaper.
Columbia has agreed to pay the state $21.15 million for the land.
Cary Town Council must approve rezoning before the project can move forward.
The council is expediting a development plan for the eastern gateway Special Planning Area (SPA), covering the land from Cary Towne Center north to Chapel Hill Rd. and Maynard Rd. east to Interstate 40. This plan is part of Imagine Cary, a visionary plan for the community through 2040.