Union square

Union Square mixed-use project to get new developer

Greensboro City Council must approve another developer for the Union Square redevelopment project at its meeting on Tuesday, September 20.

In April 2021, City Council unanimously approved a contract with REA Ventures Group to build a mixed-use development on the 2.5-acre site at the corner of Gate City Boulevard and South Elm Street next door. of the Union Square building.

When the contract was approved, it was indicated that construction of the proposed mixed-use development would begin in May 2022, when the lease for a cell tower on the site expires.

The new site development proposal replaces REA Ventures Group with NC Triad South Elm LLC as the component developer.

The proposed deal also reduces the number of apartments in the mixed-use development from 250 units to 150 larger units. The amount of commercial space on the ground floor in the mixed-use development has been reduced from 2,000 square feet to 1,000 square feet.

The proposed development includes a four-story, 250-space parking garage directly behind the current Union Square building.

Apartment buildings must be four stories high and will wrap around an interior courtyard and the requirement for a “public plaza” has been eliminated.

Construction is expected to begin within 365 days of the effective date of the contract and be completed within three years.

One of the conditions is that the City of Greensboro obtain the appropriate approvals to allow parking on the property, referred to as “Gray’s Property”. If the city does not obtain this approval, the developer has the option of terminating the agreement.

When the previous development agreement for the Union Square property was approved, it was pursued twice by City Council before being approved on April 6, 2021. A vote for an extension passed 5-4. It is extremely unusual to have a split vote on a continuation motion.