Economic Development Report – December 10, 2013

Lewisville-Clemmons Chamber of Commerce

Economic Development Report

By: Dana Lu Bryson,

Owner, Village Inn Event Center

December 10th, 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 Business

Dari O has submitted an application to develop on 1.82 acres in the Village Point area between the two (2) banks adjoining Lewisville-Clemmons Road.

The Stop Light at Panera Bread and Allegacy Way is moving forward. The design has been approved locally and submitted to Raleigh for approval. Once that is done and expected easements are in place, then it will be put it out to bid.

The development of a 312 unit apartment complex by developer Chris Parr in Village Point is underway. They are currently doing the land prep work now. It will feature a mix of one-two-and three-bedroom units ranging from 800 S.F. to 1,300 S.F. in size and $769 to $1,150 in rent per month. There is a total of 22 acres purchased by Parr in February and the total construction plus purchase price is estimated around 24.6 million. Target completion is February 2015.

There is also an unnamed retail developer pursuing a mixed-use project in Village Point also known as Clemmons Town Center and will consist of a retail shopping center, retail outparcels, and additional commercial space. The corner of Peace haven Rd and Lewisville-Clemmons Rd., which consists of a 15-acre site, is under contract. This is the last undeveloped corner of this intersection.

There is a Cell Tower (AT&T) application plan submitted with a location on the back side of Morgan Place Apartments – goes to board of adjustment this week for final approval.

There is a new Automotive Repair and Tire Store moving in to the former Clemmons Discount Center. The owner says he plans to make extensive changes to the exterior and add a buffer.

Roundabout at Harper Road and Peace Haven – They are still moving utilities. The Right away issues will be complete once the AT&T utility box right away is approved. The utility poles & lines are in process of being moved. Duke Energy is putting in their new utilities, and DOT wants to start soon. Then we will see some grading.

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

Yadkin River Greenway Project – the sidewalk portion from the river to Harper Road at Tanglewood is finished.

There is a plan to have the first Farmer’s Market at Tanglewood Park in May. It will likely be held twice a week

At Village Point Lake – the right away around lake has been certified and is waiting on DOT design approvals before it’s put out to bid. In the next phase, we will be getting some greenway around the lake and possibly another pier next yearIf you haven’t visited the lake yet, it really is nice to bring the family out or go fishing.

Village of Clemmons Developments

Update on the exploration of an Overlay District on Lewisville-Clemmons Road between I-40 and Hwy 158.

The Village Council has assembled a committee of stakeholders facilitated by Megan Ledbetter & Gary Looper, and they have had their second meeting. They discussed what they would like to see for re-development in the affected area. There will be a total of six (6) monthly meetings with a goal of presented the results of the discussions to the Village Council in March.

Goals of the committee include:

1)      Come up with recommendations for the UDO or Unified Development Ordinance and redevelopment strategies.

2)      Come up with recommendations for the Village financial support such a façade and landscaping grants, loans, and tax incentives.

This is all part of the private/public partnership.

Residential Developments.

Shugart Realty is planning on building more residential development across from Agape Church for townhomes. The plan is to build 15 townhouses to be marketed to “empty-nesters”. The area will be between 1,400 and 1,900 S.F. starting at $150,000.

Shugart Realty is also looking at a small subdivision down Hampton Rd. before you get to Idols.

In Clemmons –

382 Current Listings for Sale

15   Under contract

22   Sold in November

43   New Listings

In Lewisville –

177 Current Listings for Sale

10   Under contract

15   Sold in November

18 New Listings

Other Developments that are being followed and are in process:

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

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

There is a new residential development called Lauren Acres underway on Kinnamon Rd.

NCDOT discussions regarding the Western Beltway project changes.

There are discussions for WS/FC Schools to buy two parcels of land and build a middle school adjacent to Southwest Elementary School that is in a preliminary stage. They have exercised an option to buy these parcels.

Recent Developments/Openings

Wake Forest Baptist Health’s West Campus – Opened in November 2013

East Coast Wings is opened in August 2013.


Brothers Restaurant

Steak Escape

Taco Bell at 421 and Lewisville-Clemmons Rd.

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

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

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