Please log in, or sign up for a new account and purchase a subscription to continue reading.
We have used your information to see if you have a subscription with us, but did not find one. Please use the button below to verify an existing account or to purchase a new subscription.
Your current subscription does not provide access to this content. Please use the button below to manage your account.
HIGH POINT — The developer of Palladium South says the project is taking shape, although details of what may occupy the north High Point site aren’t yet known.
“It’s been a well-desired, sought-after location by many tenants,” said Dennis Bunker of Bunker Land Group in Charlotte. “Nobody’s signed yet, but we expect a flurry of activity in the next six to eight months.”
Bunker joined High Point leaders Wednesday to celebrate the start of construction on the city’s extension of Samet Drive from W. Wendover Avenue to Penny Road.
The half-mile road will traverse the 36-acre site on nine parcels that Bunker assembled at the southeast quadrant of the intersection across from the Palladium shopping center.
The city has long wanted the connection built to help with traffic flow through this busy commercial area.
Triangle Grading and Paving of Burlington is leading the construction under a $4.29 million contract with the city.
Work started about a month ago, and most of the site — Bunker’s acreage and the portion that will comprise the road — has been cleared.
Crews will truck in about 33,000 cubic yards of fill dirt to raise the grade for the new road about eight to 10 feet because of the steep topography on part of the site.
The contract calls for construction to be finished by April 2025.
Bunker said Palladium South is zoned to accommodate a wide variety of restaurant or retail uses, including a grocery store, and up to about 300 multifamily residential units.
He expects the first users to be in place within about a year of the road’s completion.
“Ideally, it would be great for a lot of businesses to open the day this project is completed. But the reality is, the market controls everything,” he said.
Bunker said he did not need Samet Drive extended to make Palladium South viable, but the city wanted the road built. After extensive negotiations, the City Council in 2021 agreed to fully fund the construction on land donated by Bunker.
“This has more road frontage without Samet than I’ve ever had in a project,” he said. “There are three stoplights already here. We thought it was very important to work with the city to complete a key piece of their transportation plans. I hope we’ve been good stewards and civic-minded in doing that.”
Sorry, there are no recent results for popular videos.
Sorry, an error occurred.
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
Commented
Sorry, there are no recent results for popular commented articles.