Chapel Hill Real Estate Search

The clock is ticking on the Carolina North development agreement.  Looks like the University and the town will come to terms on how to move forward with the plan early next week.  It has been a thoroughly time consuming process for all involved.  My feelings are that it will be a great thing for the town - which is already well-enhanced by the University’s presence.  And something that folks can’t deny is that we are a college town.  And for most visitors and others who consider relocation to our town, this is a great asset. 

Read up on Carolina North and get ready, cause here it comes!

The University released more information on the benefits that Chapel Hill and Orange County will see from Carolina North.  The fiscal impact analysis is impressive and I’ve linked to the full report here.  

The next report includes the estimate of indirect benefits and impact that are anticipated from the development.   The report notes that this evaluation is much like an appraiser looking at comps to evaluate values.  This is a great point and one I am very familiar with as a licensed NC real estate appraiser.

The real estate market is very tough right now and if you follow the news that is not a great revelation to you.  In these difficult times, you need a real estate agent with experience - I have over 20 years of buying, selling and appraising.  Giving real values to real estate and not inflated guesses!  I also have the CRP (Certified Relocation Professional) and GRI (Graduate, Real Estate Institute) designations, meaning I have special expertise in relocating clients and advanced skills in real estate.

Contact me, Reg Morgan, your Chapel Hill realtor with any questions about today’s real estate challenges.

Exciting news coming out of Carolina last week as the Chancellor’s Search Committee chose one of their own as the tenth Chancellor of the University.   Holden Thorp is a wonderful choice - brilliant educator and leader and as I can attest, a great friend and family man.  

There are a lot of important issues that the University will wrestle with in the coming years - Carolina North at the top of the list.   Looks like the University is in great hands.  Good news for Chapel Hill real estate!  Call Reg Morgan if you have questions about future University development or Chapel Hill real estate sales.

The University made a formal presentation to the Chapel Hill Town Council last week, outlining the details of Carolina North’s first project - the Innovation Center.  Many spoke out in favor of this project - I want to add my voice to those who support this. 

Chapel Hill has a great opportunity in Carolina North.  From what I have seen in meetings and heard in my discussions with the University, it is going to be a remarkable space.  There has already been considerable work done in keeping greenspace and trails in good condition.  Now this building is the next step and will provide a much needed incubator for start-up companies, keeping jobs and innovations here in Chapel Hill rather then sending them to RTP or out of state.

 If you have thoughts about this or any other Chapel Hill real estate issues, call or email me, Reg Morgan, your Chapel Hill realtor.

Plans are moving along for one of the biggest real estate events in our town in decades - the University’s new expansion at Carolina North.  Already the University has done alot of work on the trails around this property to help runners, walkers and hikers.  It is a great place to explore during this nice weather we are having.  

But the biggest news is that plans are moving forward for the first building in this area - the Innovation Center.  Take a look at the site plan here.   Check back with me for more news, and you can also stay up on this by checking the Carolina North website off the UNC homepage.

If you have questions about Chapel Hill real estate or Carolina North, contact Reg Morgan at Prudential Carolinas Realty.