The Triangle Business Journal reports, Raleigh's Drucker & Falk and EYC Cos. want to expand a 45-acre retirement community they hope to build near Hillsborough's historic district to include a 230-unit, continuing-care campus, possibly with a Duke University Health System wellness center.
The $100 million Corbinton Commons project is being modeled after Drucker & Falk's Galloway Ridge at Fearrington communityin Chatham County. Galloway Ridge has been fully occupied since it opened in 2005 with a waiting list.
The Corbinton Commons campus, if approved by the Hillsborough Town Council, would include about 25 cottages, 14 duplex units and 200 independent-living apartment units clustered in several two- to four-story buildings on U.S. 70. A separate health-care facility would have 55 units offering assisted-living, skilled-nursing and memory-care services.
In essence, the continuing-care retirement community, or CCRC, would offer seniors the prospect of lifetime care on a single campus.
Duke University Health System officials have shown interest in partnering on the project with plans to build a Duke-branded fitness and wellness center as well as an internal-medicine clinic on site. However, no official commitment from Duke is expected to be signed until the project breaks ground. Like the Duke Center for Living at Galloway Ridge, the new facility would be open to the public as well as to CCRC residents.
This project along with the Buckhorn Village retail project on Buckhorn R and the new Gateway Center in downtown Hillsborough all combine to create a terrific opportunity for home buyers and investors in the Hillsborough and Mebane market. NOW is the time to buy.
I have two affordable lots listed and two estate/large acreage lots coming on the market in the next few days. In addition, a number of new homes and still affordable homes are on currently on the market. Again, NOW is the time to create a home in Hillsborugh or Mebane. They are the next BIG thing.
