Two million-sq.-ft. project on board for North Carolina

Columbia, S.C.-based Columbia Development is poised to present plans for a 2 million-sq.-ft. mixed use center in Cary, North Carolina, west of Raleigh.



Plans for the Eastern Cary Gateway Project are to be presented to the town council this week, according to the Triangle Business Journal, and call for Class A office space, multi-family housing, and retail anchored by a 120,000-sq.-ft. Wegmans supermarket.



Columbia’s main business in the Southeast has been power centers and strip malls, but Cary town officials expressed a desire for a large-scale project for a 92-acre tract off of Interstate 40 and the developer delivered.



An upscale bedroom town in North Carolina’s renowned Research Triangle area, Cary and its environs is home to some 170,000 residents with average household incomes above $90,000.



A video rendering (see above) of the Gateway project depicts an upscale town center in which office, retail, and residential are commingled.

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