The City Council voted unanimously Monday to approve the voluntary annexation of the planned 84-acre Waverly development on Providence Road. The property is owned by Providence Road Farms, Solis Waverly and SLV NC 1. According to the city, annexation will allow for a more orderly extension of city services and capital investments.
A public hearing had been planned prior to the vote, but no residents came to voice their opinions on the proposed annexation.
The developers plan to build about 225,000 square feet of retail, anchored by a Whole Foods; a 138-room hotel; around 250,000 square feet of office space; 60,000 square feet of medical office; 365 apartments; 70 single-family homes; and 71 town homes.
Project developers have started clearing the land and begun work on a medical building, for which they pulled a $3.5 million building permit. It will be the first to go up in the multi-use development just south of Interstate 485, across from Ardrey Kell Road. Construction, by Choate Construction Co., has already begun, and the majority of tenants have been leased, according to Chris Thomas, a Childress Klein Properties partner overseeing retail development. Another medical office building is planned for the site, although no timeline has been announced.
Childress Klein is partnering with Crosland Southeast on the project. Terwilliger Pappas Multifamily Partners will build the apartments and David Weekley Homes will build the single-family detached homes and town houses.
Thomas said residential and retail construction is slated to begin in the spring. Two office buildings, each at five stories and 125,000 square feet, are planned. Construction will begin on one of the buildings this year, Thomas said.