Albemarle Place is almost ready to break ground, according to the Daily Progress (no longer available).
The 80-acre site surrounding the Sperry Marine facility will eventually hold almost 2 million square feet of leasable space and is projected to include a 150-room hotel, a 14-screen cinema, 780 apartments, office space, a grocery store, restaurants and a variety of large retail outlets.
Just what we need at one of the busiest, most dangerous intersections in the area.
Prior to the land’s rezoning, the county extracted a variety of conditions from developers, who agreed to fund more than $5 million in transportation and capital improvement projects in the area.
I didn’t find these proffers/concession at Albemarle’s site; probably wasn’t looking hard enough.
If I sound bitter, it is because my office is located between this development and the 29/250 interchange.
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