Burlington Planning Commission Approves Two Apartment Projects

Burlington’s Planning and Zoning Commission recently approved two new apartment projects in the city. From the Burlington Times-News:

Walter Parks Architects of Richmond, Va., and Chad Porterfield, the owner of the former May Hosiery Mill in downtown Burlington, want to renovate the dilapidated mill into loft apartments. The first step in the project was get planning board approval to rezone the building at 612 S. Main St. to allow residences…

The project calls for 49 one-bedroom apartments that would average 632 square feet, and 21 two-bedroom apartments that would average 927 square feet. Rents would range from $875 to $1,260…

The other apartment project that the board approved is for an upscale 120-unit complex on the north side of Bonner Bridge Road in west Burlington. The complex would be geared to “upwardly mobile” younger professionals. It would include a clubhouse, fitness center and car wash bay.

 

Apartment, Retail Project Proposed for Elon

From the Burlington Times-News:

The Board of Aldermen will consider voting in favor or against the proposed 53,579-square-foot building, which will feature commercial properties on a portion of the first floor and apartments geared toward Elon University students in the remaining spaces, during its meeting Tuesday evening.

The land on Haggard Avenue, currently an empty space between Skid’s Restaurant and a residential house, is owned by Elon University, but the proposed building would be developed by EDG Properties LLC, the same company that built the three-story Elon Town Center building in 2011. This new project is called “The Park Place at Elon.”…

The second, third and fourth floors of the newly proposed building, along with a portion of the first floor, facing the Elon University-owned Oaks Apartment dormitories, will be apartments, while the remaining 6,180 square feet on the first floor, facing Haggard Avenue, will consist of retail space, McDonald said. He is in preliminary discussion with a small pharmacy for space at the corner of the building with a small grocery store taking the remaining space, he said.

 

Keystone Gets Approval for 330-Unit Community in Mebane

Mebane’s city council has approved Keystone’s plans for a 330-unit apartment community near I40/85. From the Burlington Times-News:

A second developer received approval this week to proceed with plans to construct apartment homes.

Keystone at Mebane Oaks, part of Keystone Homes of Greensboro, applied for rezoning and a special-use permit to develop the multifamily complex…

That location is property along Interstate 40/85 at the dead end of Cameron Lane, off Mebane Oaks Road.

Along with 330 apartments, Keystone says, the complex will include a residents’ club, pool, fitness room, exercise studio, game room and kids area, along with a playground, pet park and walking trails. One- and two-car garages will be located throughout the property, which will be divided by a thoroughfare that Keystone will build, in line with a proposed larger road between Mebane Oaks road and N.C. 119…

Currently, the property, valued around $1 million, generates $5,350 in taxes for Mebane. The expected property tax value after construction is $23.1 million, which would generate $113,000 a year in taxes and an additional $114,000 in annual water and sewer fees. Keystone also will have to pay $759,000 with the building permits in water and sewer connection fees.