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Consultants: town should prioritize for‑sale housing and infrastructure to unlock downtown redevelopment
Summary
UNC's Development Finance Initiative and the town planning director told the Mocksville board that market conditions favor for‑sale townhomes in the near term, that mixed‑use multifamily and retail face financing constraints, and that town investments in roads, utilities and a park would improve development feasibility.
Consultants and the town’s planning director urged the Mocksville Board of Commissioners to consider targeted public investments to make redevelopment of a town‑owned downtown site viable.
Eric Thomas of the Development Finance Initiative (DFI, UNC School of Government) presented a site and financial feasibility analysis for the former Energy United property — roughly 5.1 acres the town acquired in 2024 for about $2,000,000 in state funds. Thomas said the near‑term market opportunity is strongest for for‑sale single‑family products (townhomes) and that mixed‑use multifamily and retail are constrained by current rent levels.
"Right now, when looking at the market opportunity ... the best opportunity in terms of near term…
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