GROWTH & DEVELOPMENT
TLR Staff Report
A proposed East Rosemary Street redevelopment project that would bring a 1,100-space parking deck and an office building downtown will be the subject of an upcoming public information meeting.
The meeting, set for 6 p.m. Feb. 27, at Top of the Hill, 100 E. Franklin St, is being convened by the town and Grubb Properties, the potential developer. According to the town, the redevelopment would bring an estimated $50 million investment and 800 jobs. UNC-Chapel Hill is exploring the possibility of joining the envisioned innovation hub, which would include wet lab space.
The project, the town said in a news release, is expected to attract new entrepreneurs and help retain local businesses. Development of office space has remained stagnant for more than a decade in Chapel Hill. Additional community benefits could include increased centralized parking, new greenspaces, improved bike and pedestrian connections, and downtown jobs to support our restaurant and retail businesses, according to the release.
The public information meeting will take place at the Top of the Hill’s Great Room; the entrance is off Franklin Street, next door to the former site of Walgreen’s. From the Franklin Street entrance, take one flight of stairs to the Great Room lobby
The Town Council received a presentation about the project at its Feb. 19 business meeting. Access the agenda item and video at https://bit.ly/38Gafl7