The Town of Chapel Hill is considering a proposed East Rosemary Street Redevelopment Project in conjunction with Grubb Properties.
The proposal involves construction of a 1,100-space parking deck and an office building with web lab space, bringing an estimated $50 million investment and 800 jobs. UNC-Chapel Hill is exploring the possibility of joining the envisioned Innovation Hub.
The project is expected to attract new entrepreneurs and retain local businesses. Development of office space has remained stagnant for over a decade in Chapel Hill. Additional community benefits include increased centralized parking, new greenspaces, improved bike and pedestrian connections, and downtown jobs to support our restaurant and retail businesses.
Contact
Dwight Bassett
Economic Development Officer
919-969-5010 or dbassett@townofchapelhill.org
https://www.townofchapelhill.org/businesses/east-rosemary-street-redevelopment-project#ad-image-0