The Greensboro City Council is scheduled to approve yet another developer for the Union Square redevelopment project at the Tuesday, Sept. 20 meeting.
In April 2021, the City Council unanimously approved contracting with REA Ventures Group to build a mixed-use development on the 2.5-acre site on the corner of Gate City Boulevard and South Elm Street adjacent to the Union Square building.
When the contract was approved, it was stated that construction on the proposed mixed-use development project would begin in May 2022, when the lease on a cell tower on the site expired.
The new proposal for the development of the site replaces REA Ventures Group with NC Triad South Elm LLC as the component developer.
The proposed agreement also reduces the number of apartments in the mixed-use development from 250 units to 150 larger units. The amount of ground floor commercial space in the mixed-use development has been reduced from 2,000 square feet to 1,000 square feet.
The proposed development includes a four-story, 250-space parking garage directly behind the current Union Square building.
The apartment buildings are to be four story and will wrap around an interior courtyard and the requirement for a “public plaza” has been eliminated.
Construction is set to begin within 365 days of the effective date of the contract and be completed within three years.
One condition is that the City of Greensboro secure the appropriate approvals to allow parking on the property, referred to as “Gray’s Property.” If the city does not get that approval, the developer has the option of terminating the agreement.
When the previous development agreement for the Union Square property was approved, it was continued twice by the City Council before being approved on April 6, 2021. One vote for a continuance was passed 5-4. It is extremely unusual to have a split vote on a motion to continue.
Aww man look at all the great things the city is bringing Thanks for your competent leadership which keeps us far above our neighbors when it comes to economic development.
Nothing like a new place to feed the cockroaches
Well little town looks like the competent leadership has lost another headquarters as the ACC leaves us. Great job. If you can count that high that makes 7 or more in the he last decade
Why would any contractor want to enter into a contract with the City of Greensboro? There are too many strings attached placed there by City Council and the legal department that have nothing to do with actual contract performance. The strings are a burden to companies that may otherwise would want to do business with the City of Greensboro. This is the new Greensboro. It has not always been this way.
You darn right the Greensboro. You should thank us
Have no idea what you are writing. May Want to try again.
Looks like another “project” to me. Make work in order to hand out taxpayer-funded money to builders and contractors (the faithful).
‘public plaza’ means ‘vagrant camp’ in ‘city speak’ ?
But “Union Square” sounds like a wonderful place to be.