Real Estate/Business Briefs

Clearing underway for 298 houses and townhomes

by CHRIS BURRITT

NW GREENSBORO – A mostly wooded 46.25-acre tract at Pleasant Ridge and Alcorn roads is giving way to development of 298 houses and townhomes.

Clearing of the property in northwestern Greensboro is underway nearly a year after the Greensboro City Council approved requests by LeoTerra Development Inc. to annex the land and zone it for single-family and multi-family housing.

Preparing the site with lots ready for construction is 18 months away under a “best-case” scenario, LeoTerra President Buddy Lyons told the Triad Business Journal in an article published earlier this month. He was quoted as saying supply chain shortages and delays could drive the cost for newly constructed homes in the development to $500,000.

Last July, LeoTerra asked the City Council to annex and rezone the property.

Summerfield Merchants Association (SMA) supports our local businesses and community. To join or for more info, email info@summerfieldmerchant.com or visit www.summerfieldmerchant.com or

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Next meeting Tuesday, Aug. 2

Thanks to Shane Beal, new owner of Southern Exposure Landscape Management based in Summerfield, for hosting our meeting on June 7.

We won’t be meeting in July, so we look forward to seeing our members and guests when we meet again on Aug. 2. To RSVP, email info@summerfieldmerchant.com

Photo by Chris Burritt/NWO Clearing for construction of 298 houses and townhomes is underway at Pleasant Ridge and Alcorn roads in northwest Greensboro, less than a mile from Northwest Middle and High schools. Neighbors have expressed concerns about traffi c, noise and displacement of wildlife.

At that time, it was located in unincorporated Guilford County and was zoned for single-family residential development.

LeoTerra’s request pertained to two parcels at 1819 Pleasant Ridge Road and 7201 Alcorn Road under different ownership.

Concerns over school crowding were among the complaints voiced by people commenting on the Triad Business Journal article posted on the Northwest Observer’s Facebook page. They also expressed worries about traffic, noise and the displacement of wildlife.

“So saddened by this development,” commented Debbie Hill, who said her back yard abuts the property. “I will no longer be able to sit on my porch and enjoy the sounds of nature or see deer come up to my fence grazing on the greenery.”

Public school students living in the proposed development will be assigned to Pearce Elementary, Northwest Middle and Northwest High School.

SUMMERFIELD SELLING ...continued from p. 3

“The group’s collective attitude in trying to determine the price recommendation was, ‘What can the town take for each as opposed to what can it get for each?’ Whitaker wrote in a memo to the council. “The goal is to get the properties into qualified, historically minded hands.”

Over the years, town leaders have evaluated restoring the two buildings at Summerfield Road and N.C. 150, but estimates have proven too expensive.

As a result, the council decided to explore selling the properties instead of retaining ownership and risking that they fall into further disrepair. Last month, it heard a presentation from Cathleen Turner, director of the PNC’s Piedmont office, about retaining the group to conduct a national search for buyers.

Following the presentation, the council instructed Whitaker and the two Browns (who aren’t related) to determine sale prices for the Gordon Hardware building and the Martin house. The asking prices served as the basis for the option-to-purchase agreements approved by the council this past Tuesday.