Hampton Inn, Bermuda Run Advance ~ Hilton Invests in New Prototype in Davie County to Meet the Needs of Today’s Travelers!
June 3, 2010Congratulations! ~ North Carolina Wins $400 Million “Race to the Top” Grant for Education
August 27, 2010
Growth, Jobs, & Local Healthcare
The NC highway 801 and Interstate 40 interchange adjacent to Bermuda Run and Kinderton is one of the last undeveloped tracts at an I-40 interchange in the entire Piedmont Triad… but this is about to change!
Preparation
The I-40 interchange has been improved and NC Highway 801 has been widened in anticipation of the medical complex being built by Wake Forest University Baptist Medical Center. The medical complex will include outpatient surgery, diagnostic imaging and related services and physicians offices in the first phase of its development.
Adjoining the medical center are 47 acres of property that will become home to hotels, full service restaurants and other retail and professional offices.
Summit Healthcare Group to Market Land
Wake Forest University Baptist Medical Center has hired Summit Healthcare Group to market land adjoining its medical complex in eastern Davie County.
“This is one of the last undeveloped tracts at an I-40 interchange in the Piedmont Triad,” said Joe Joseph, a partner in Summit. “The site offers exceptional visibility from the interstate.”
Summit, a Winston-Salem developer, represents Wake Forest Baptist in planning and selling the property. “We envision a variety of businesses that may include hotels, full service restaurants, other retail and professional offices,” said Joseph. “The site is not suitable for a big box’ retailer,” he added.
Joseph said his firm already has received some expressions of interest from commercial companies. “We recognize the challenging economic conditions for commercial development,” he said, “but there are few tracts of land with the value that this one offers with the access and visibility, and there will be significant interest in this land.”
Gateway to Davie County
“This site is the gateway to Davie County coming from the east,” said Terry Bralley, president of the Davie County Economic Development Commission. “With the medical complex and the Kinderton development, this tract is highly desirable for commercial development and will attract the kind of development that will complement the high standards that Bermuda Run and Kinderton have embraced.”
Development Means Jobs
Wake Forest Baptist plans a medical complex that will include outpatient surgery, diagnostic imaging and related services and physicians offices in the first phase of its development. “From the beginning, we planned to have part of the site developed for commercial use as a means of fostering economic development in Davie County,” said Donny Lambeth, president of North Carolina Baptist Hospital.
“The commercial development will generate new tax revenue to Davie County and create new jobs, which will stimulate the local economy,” Lambeth added. “We hope that the development will help Davie County become a destination.”
The land is designated for commercial development by the Town of Bermuda Run. A master plan is being developed, and site preparation is expected to begin this summer.
More Information
For more information on the land, contact Joe Joseph at 336 774-9127 or Tommy Catone at 704 905-8523. Summit Healthcare Group offers full service development and project management from site selection to completion.
For more information on economic development in Davie County
Terry Bralley,
President, Davie County Economic Development Commission
terry.bralley@daviecounty.com
336 751-2714
Additional Resources:
Summit Healthcare Group
Wake Forest Baptist Medical Center
Davie County Economic Development Commission
