Pedcor outlines 62-acre mixed-use plan behind Indian Trail Lowe’s, says 200 of 312 apartments would be workforce units

Pedcor Companies told the Indian Trail Town Council at a workshop that it plans to develop a 62.5-acre site behind the Lowe’s on Wesley Chapel–Stouts Road into a mixed-use community that would include 312 multifamily apartments, about 94 townhomes, a senior-living building, retail outparcels and a site for a hotel.

Mike Byron, a developer with the Pedcor Companies, said the company acquired the property in May 2023 and is moving from demolition into infrastructure planning for water, sewer, roads and stormwater. "It's a 62 acre site so it's gonna take us about 12 to 18 months to just on-site work alone to get the infrastructure in there and to do the grading there," Byron said.

Byron said the multifamily portion would be a mixed-income community with roughly 200 units targeted for workforce housing. He cited a recent U.S. Department of Housing and Urban Development designation for the area as a Difficult Development Area (DDA), and gave the town’s current area median income figure when describing the rent-band targets. "The area median income right now is a $106,000 a year. So people that make no more than, I think, $73,800. That's the limit," he said, describing the income bands Pedcor expects to use for portions of the site.

Pedcor said townhomes (94 units) would be sold rather than developed as rental; the developer is negotiating a sale of the townhome parcel with Century Communities. Jared Hauser, Pedcor’s senior vice president of development and finance, said Pedcor intends to sell commercial outlots to local commercial developers rather than build the retail and office itself.

Byron described construction materials and standards — three‑story brick and hardiplank buildings, no vinyl — and told council the company plans long-term ownership and on-site management. "We would have a 30 year commitment on the ownership," he said, adding Pedcor manages its own communities rather than contracting out management.

Council and staff questions focused on sequencing (infrastructure first, then apartments and townhomes, with the hotel to follow if a user is found), utility capacity and timing for infrastructure reimbursement and permits. Byron said conversations with the Union County Water/Sewer District are underway and that the developer expects to have the infrastructure in place in time to pursue any available extensions tied to those utility approvals.

Why it matters: the property was previously entitled and conditionally zoned for a mixed-use plan in October 2020; the current owner’s presentation indicates a large-scale residential component with a substantial workforce-housing element. The HUD DDA designation can change financing and tax-credit opportunities, which influences affordability levels and the economic feasibility of the project.

What’s next: Pedcor said it will continue design and permitting, meet with neighbors and host town halls to share renderings and answer questions. Town staff said developers will need standard infrastructure approvals and that the town will coordinate on any public outreach requests.

Sources: Presentation by Pedcor Companies representatives Mike Byron and Jared Hauser during the Indian Trail workshop; town staff questions and responses recorded in the council workshop transcript.