The City of Greensboro sent out a news release announcing progress on the proposed Pyramid Village mixed-use development at US 29 and Cone Boulevard.
The news release posted on the City of Greensboro website is a copy of the news release from the Ryan Companies US Inc.
The news releases state, “Ryan Companies US, Inc., a national commercial real estate solutions provider, today announced that work is underway to develop the remaining 30-acre parcel of land located in the Pyramid Village commercial district.”
In 2020, Don Linder, who owns the 30-acre site, and former City Councilmember and current candidate for lieutenant governor Jim Kee presented plans for developing the site, which was to be anchored by a hotel, to the City Council and requested the city pay 10 percent of the development costs. At the time councilmembers said it was too early to make a commitment.
There is no mention of a hotel in the news release that states, “The anticipated mixed-use development will encompass multiple asset classes including healthcare, retail, multi-family, and hospitality and will feature a site layout that complements the current existing commercial uses in the area, including national retail anchors Walmart and Lowes.”
Mayor Nancy Vaughan is quoted in the news release stating, “Once again, as a City Council, we are making good on our commitment to support equitable investments. For years we have been waiting to develop this valuable property. This plan is in lockstep with our vision for East Greensboro.”
District 2 City Councilmember Goldie Wells, who represents the area, said in the press release, “This development will present impressive offerings for retail, housing and new jobs on the East side. We welcome this public-private partnership and the transformative impact it will have on District 2.”
However, as far as the “public-private” partnership is concerned, the City Council has not approved any funding for this proposed development.
Vice President of Real Estate Development at Ryan Companies Connor Lewis said, “Ryan Companies believes in Greensboro and wants to invest in its future by creating transformative projects in collaboration with our local partners and the city. The Pyramid Village commercial district is a great opportunity for our team to contribute to the city’s ongoing revitalization effort.”