FUQUAY-VARINA, N.C. (WNCN) – A mixed use development at a key entrance to Fuquay-Varina is on the way, and the site is likely to include a new supermarket for the growing community.
In late 2013, the Fuquay-Varina Town Board of Commissioners approved a rezoning request for approximately 50 acres of Industrial Zoned property to new zoning that will allow for Raleigh developer, Kenney Development, Inc. to develop a multi-million dollar commercial and retail mixed-use development project, the city said in a news release. The developer’s proposed project will result in approximately 28 acres of high-end, luxury apartments and 22 acres of premier commercial and retail space.
The development is located on a major thoroughfare at the intersection of Old Powell Road and North Broad Street (N.C. Highway 55). The site was once home to wiring manufacturing company Quality Cable.
Fuquay-Varina has 24,000 residents, said Jim Seymour, economic development director for the town. And the Highway 55 corridor has been booming, which means a major project on that side of Fuquay-Varina makes sense.
“It’s the natural progression of development,” Seymour said. “We have a great opportunity to put a great gateway project right there.”
Seymour said exact plans have not been disclosed, but he believes a supermarket is likely.
“I think it could best anchored by a grocery store,” Seymour said.
Developer Steve Kenney, in a statement, said, “A couple of years ago we saw the development potential in Fuquay-Varina and decided to purchase property primed for the next wave of development. We are very excited to be partnering with the Town of Fuquay-Varina to embrace this major development. Bricks & mortar projects are in full swing in Fuquay-Varina and we excited to be part of this synergy of quality development in southern Wake County.”