The A&T Foundation is planning a new development near campus, the latest project set to build East Greensboro | training
And the Greensboro City Council recently annexed more than 300 acres on the far eastern edge of town for developers to build up to 1,100 single-family and townhouses in an area around McConnell Road south of Interstate 85 near where Publix plans to add a distribution center.
According to Cameron, construction of The Resurgent could begin as early as July, with development opening in late 2023. She stressed the schedule is fluid and as with any construction project, there are many factors that could shift the schedule.
The foundation’s application to repurpose the project was unanimously approved by the city’s planning approval committee in late December, just months after the group purchased the land in July 2021.
“Getting as far as we’ve come, coming through zoning, is like breakneck speed, but we’ve got a lot more work to do to sort of get the project off the ground and get a shovel in the dirt,” Cameron said .
The university’s endowment has been in existence since 1946 but underwent a major transformation in 2015 when it decided to focus on investing in real estate. The group’s primary purpose, according to its website, is to “acquire, own, transfer, sell, develop, build and manage real estate or real estate-related projects in support of the university.”