New Master-planned Development Coming to Brunswick County
A group of developers are preparing to break ground on a 2,114 acre mixed-use development that is aimed to accommodate the growing baby boomer population in Brunswick County. The development will have up to 2,250 living units set up as either single-family or multi-family homes.
The planned location would be near the intersection of N.C. Highway 211 and Midway Road and be mostly in the Oak Island zoning jurisdiction. The name for the project is “The Charles” and homes would start at around $250,000. The development will include more than just dwellings as there will also be retail spaces, offices, medical centers, and special residential units for those over the age of 55. There are also plans to get a continuing care retirement community designation from the North Carolina Department of Insurance.
If everything stays on track, ground breaking on a 30,000 square foot medical building will begin in the fall. The developers hope to have recreational facilities, homesites, and green space under construction for occupancy and usage by spring of 2016. The 46.5 acre retail and commercial health care area along N.C. Highway 211 will have assisted living, skilled nursing, an acute health care facility, memory care, family and senior medicine, convenient shopping, and more. Other great amenities that will be on the site include walking and biking paths and exercise facilities.
As the project progresses, it is estimated that about 3,500 medical, construction, retail, recreational, and professional jobs will be created. This should inject an approximate $750 million into the southern Brunswick County economy.