4 days ago
New developments could replace downtown Greensboro parking decks
GREENSBORO, N.C. (WGHP) — Two large properties in downtown Greensboro could soon be the launch pad for new developments.
Greensboro City Councilman Zack Matheny said Tuesday's city council meeting will be one for the history books.
City leaders are expected to discuss the future of two parking decks in downtown Greensboro. One of them is the Bellemeade Street Parking Deck.
According to a city council agenda, when it comes to the Bellemeade Street deck, which is already being demolished, city leaders will talk about authorizing an agreement with the Caroll Companies to purchase the property for $1.85 million.
'And then they would pave the property so parking spaces would be there. But also within five years, they would invest a minimum $50 million project,' Matheny said
It's a project that would be a full redevelopment of the property. Less than half a mile away, sits the Davie Street Parking Deck.
Matheny said city leaders are negotiating with BSC Holdings Incorporated.
As part of that agreement, the High Point-based property company would assume full responsibility for demolition and future site development, saving the city $1.4 million.
'And then they would agree to do at minimum, a $12 million project. So two major new projects in downtown Greensboro,' Matheny said
Right now, a plan for both developments hasn't been announced yet, but Matheny believes it'll include new businesses.
'I think you're going to have a lot more residential. You'll have some hospitality, retail, and it just shows further that downtown Greensboro continues to grow,' Matheny said.
FOX8 reached out to the Caroll Companies, and a spokesperson said the company has an interest in how the Bellemeade Street deck property is redeveloped since it has adjoining property.
FOX also reached out to BSC Holdings Incorporated, but we have not heard back from them.
Tuesday's city council Meeting starts at 5:30 p.m.
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