 Wake Forest, NC, may soon see a new mixed-use development that could change the local landscape. According to a report released by the Triangle Business Journal via their online platform on June 13, 2023, a Raleigh developer is proposing a new mixed-use development near Wake Forest Crossing shopping center. The project, which is being developed by Capitol Commercial LLC, would include 307 multifamily units, 19,300 square feet of retail space, and a 20,000-square-foot medical office building. The development would be located on an 18.68-acre parcel on Stadium Drive, which is adjacent to Wake Forest Crossing. The parcel is zoned rural holding district, which allows one unit per acre. Capitol Commercial is proposing to rezone the property to neighborhood mixed-use, which would permit construction of up to six stories. The development would include six buildings: two solely for residential, one for residential and a clubhouse, two residential with retail, and one medical office building. The site plans also show a swimming pool as part of the project. The town of Wake Forest is currently reviewing the proposal, and it is not yet clear when a decision will be made. However, the project has the potential to address two of the town's needs: more housing and more commercial offerings. Recent developments in the area, such as the imminent opening of Torchy's Tacos south of Highway 98 and the arrival of numerous retailers at the Wheat Field Shopping Center, have already contributed to the town's commercial growth. The proposed mixed-use development would provide much needed additional housing options for residents of Wake Forest. Our blog has something for everyone. We offer valuable insights and advice on topics such as:
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