Proposed mixed-use master development plan is up for approval, would bring new homes, grocery store, and technology park
The fate of The Exchange will be decided on September 27th.
August 30, 2021 | Wilson
We finally have the answer to our question back in February about the 158 acres of industrial land between Transformation Church and McClancy Seasoning off Hwy. 521. Local developer and real estate investment company Crosland Southeast is plotting a mixed-use project for 130 acres of the land.
The project is being called The Exchange. The exact address of the site is 8918 Charlotte Highway.
The preliminary site plan includes 710 residential units (390 apartments and 320 townhomes) within 12 buildings and as much as 70,000 square feet of commercial space. The plan shows room for 1,750 parking spaces, 40,000 square feet for retail/restaurants, plus an additional 15,000 square feet of retail/restaurant outparcels. The plan also includes 69 acres of open space that could include community space and walking trails.
As written, The Exchange would have a grocery anchor, rumored to be the Winston- Salem-based Lowes Foods. The grocery anchor would be 50,000 square feet.
The Planning Commission recommended denying the rezoning application of the 130 acres from light industrial to mixed-use, due to concerns of increased traffic on Hwy. 521. It now proceeds to the Lancaster County Council who has the final vote on September 27th. If approved, the project could be built out in five years.
The additional 28 acres of the land will maintain the light industrial zoning and will be developed independently under the same ownership. Crosland Southeast said that space is intended to be called The Indian Land Technology Park and it will be an important piece of the project.
