Chapel Hill’s University Square redevelopment could start later this year
Five years and three university chancellors later, the University Square redevelopment on West Franklin Street is taking the final steps before demolition and construction.
The 123 West Franklin project, assuming the final reviews and building permits stay on track, could kick off in late 2014 or early 2015, said Gordon Merklein, executive director of the UNC Chapel Hill Real Estate Holdings Foundation Inc.
Five existing buildings would be razed to make way for two five-story buildings fronting West Franklin Street and one 11-story building at the center of the property. REH, a private foundation that owns, develops and manages real estate projects for the university and affiliated groups, is leasing the land to the developer.
This looks like an Awesome Development for Franklin Street!!!