X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RALEIGH, NC-Developers of new urbanism projects, seeking to cash in on top rents for high-density, mixed-use ventures in prime Triangle area locations are often stymied by stringent government regulations and vociferous resident groups, attendees at an International Council of Shopping Centers conference here were told. Raleigh is 200 miles northeast of Downtown Charlotte.

Besides those obstacles, new urbanists must also win the approval of retailers and mortgage lenders who are more likely to prefer conventional suburban planning, the conference was told. A panel of speakers included Charlotte developer Neal Coker and Todd Mansfield, president of the Crosland Group in Charlotte.

In a published report, Coker says new urbanism can be tough to promote even in urbanized areas. He was recently lambasted in a meeting by more than 100 angry residents who object to his proposed project at Oberlin Road and Wade Avenue in Charlotte.

Coker notes that for every five people who buy a condo in his new building on Glenwood Avenue, an additional 100 would rather buy a house in the suburbs. He thinks it’s understandable that he try his hand at new urbanism, but government should not try to impose new urbanism concepts at a location where it won’t work. He plans to build homes, offices, shops and a movie theater in mult-tenanted buildings near some of Raleigh’s oldest neighborhoods.

In another example of the obstacles facing developers, the owner of a shopping center in suburban North Raleigh was recently instructed to adhere to city regulations and erect a fence on three sides of the center to shield the project from nearby houses. The fence is only a minor example of how government regulations in the Triangle may be slowing the goals of new urbanism, Raleigh’s planning director George Chapman says in a published report. Chapman contends that most planning regulations should not prevent successful new urbanism development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.