Description
A 46.3-acre mixed-use development featuring 165,000 square feet of office space, 55,000 square feet of retail, 615 multifamily units, a 40,000-square-foot passive park, and structured parking.
Impact summary
Will generate substantial commercial activity, property tax revenue, and new residential density while requiring public infrastructure and fee reimbursements.
Applicant
- Name
- Ryan Blair (Heritage Properties)
- Address
- N.C. 55 and O'Kelly Chapel Road
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last discussed May 28, 2026.
Meeting timeline (1)
Related issues (3)
Recommended Fiscal Year 2027 Budget and Tax Increase
Council ranked ten draft budget priorities using quadratic voting, with community safety, new capital investment, and high-performing staff on top. The results will shape how staff build the budget adopted June 25 — affecting everything from police staffing to road maintenance and park spending.
Alston Yards Development Agreement and Public-Private Partnership
The Town is reviewing a 46.3-acre mixed-use development agreement with Heritage Properties, involving $18.19 million in utility and general fund investments. Reimbursements for public infrastructure and fees are tied directly to new property tax revenue generated by the project over a 12-year period.
Living Wage Strategy and Employee Compensation
The town council voted to restore employee merit raises back to 5% by shifting existing funds around, ensuring staff are fairly compensated without raising taxes.
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