Economic Development Report – June 11, 2013

Lewisville-Clemmons Chamber of Commerce

Economic Development Report

By: Dana Lu Bryson,

Owner, Village Inn Event Center

June 11th, 2013

Economic Development (by definition):

* The planned and guided growth of business that brings new energy and affluence to the community not only in the form of new jobs and higher wages and salaries, but also in terms of better education, stronger infrastructure and a more rewarding lifestyle.

* Promoting “the Quality of Life”

Commercial Development / New Businesses Opening


East Coast Wings

Brothers Restaurant

Steak Escape

Taco Bell at 421 and Lewisville-Clemmons Rd.

The I-40 Road Work will continue this weekend from June 14-16

The proposed 312 unit apartment complex by developer Chris Parr in Village Point which was previously stalled due to the right-a-way issues with one of the adjacent property owners has been resolved. A portion of a connector road has been deeded to the Village of Clemmons with a few workable conditions. Last night at the Village Council meeting, the Council approved the application filing for the ARC Grant, which if the grant is approved, will fund the development of that same portion of the connector road that will connect Lewisville-Clemmons Rd. at the Panera Bread intersection to the Morgan Elementary and Clemmons Medical Center property on Harper Road.

DOT has warranted a stoplight at the Allegacy Way intersection of Panera Bread, Capital Bank, IHOP, and Applebees on the four corners. It is expected that DOT is ready to go with this project and should start soon.

Village of Clemmons Developments

*Pressing Priorities and Developments for the Community of Clemmons

* Completing Connector Roads within Village Point

* Expanding Sewer Capacity and transporting corridors North of I-40

* Lewisville-Clemmons Road Secondary Connector Streets South of I-40, both on East and West

* Redevelopment for the South of I-40 within a citizen designed overlay district

* Preservation of the Historic Core

* The Council approved the budget which reflected no change in tax rate which is 11.5 cents for every $100 of property valuation and is currently capped at .15 cents.

Village of Clemmons has used a “pay-as-you-go” model for its projects, and more of this is anticipated for the next few years since there are currently no big capital improvement projects on the agenda.

During my last report, I mentioned the Clemmons Community Compass plan which is a Comprehensive Plan and Guide for how Clemmons grows. New development and redevelopment in existing areas of the Village will be guided by the Future Land Use Plan that organizes development into four activity centers, provides new mixed-use opportunities, preserves existing neighborhood character, and protects rural and future growth.

At an April Village Council meeting, Megan Ledbetter, our Village Planner, gave an educational overview of the idea of an Overlay District. The developments from these on-going discussions are intended to further the mission of the Comprehensive Plan.

Residential Developments

In Clemmons – we had 60 closed sales in May. 283 Active listings in May

In Lewisville – we had 12 closed sales in May. 135 Active listings in May

New construction presales have increased and spec builds are selling before they are finished.

Other Developments that are being followed and are in process:

Wake Forest Baptist Health’s West Campus

The Town of Lewisville is purchasing land and developing a lift / pump station on Harper Road.

New round about at corner of Oaks Shopping Center that will take in Shallowford Rd., Williams Rd., and Heritage Drive

Yadkin River Greenway Project 

Medical Office complex on Shallowford Rd. called Lewisville Family Medicine.

New Skilled Nursing Home development at the Harper Rd./Fair Oaks

New Assisted Living development across from West Forsyth YMCA called “Carrillon Assisted Living”.

There is a new residential development called Lauren Acres underway on Kinnamon Rd. with price ranges from $299,000-350,000 for 10 new custom built homes.

Recent Developments

Dog Park at Tanglewood opened in May

Milner’s American Southern has opened “Brothers”  Restaurant in the former I Bambini building on Lewisville-Clemmons Rd. just North of I-40.

Clemmons Medical Center – opened in February

Business Achievements

Valerie Kiser with Sunrise Yoga celebrated her 10th year. We thank you for your dedication and contribution to Clemmons.

If you have any questions or would like more details on these developments, please contact me at (336) 971-6567.