First phase of Carraway Village construction nearing completion
As people pass through northern Chapel Hill over the next year, they’ll find more options for lunch, coffee and shopping at the Carraway Village community growing on Eubanks Road.
Developer Northwood Ravin announced this week that Starbucks Coffee will be among the first commercial tenants in the 55-acre mixed-use neighborhood. A freestanding Chick-Fil-A restaurant is planned for a 1.5-acre, adjacent lot.
Both businesses will open in early 2020, Northwood Ravin announced in a news release Wednesday. Both also will have drive-through service; up to five drive-throughs are allowed under the project’s permit.
“We are pleased to bring two of the best retailers in the country to Carraway Village and provide new high-quality options on this side of town,” said Adam Golden, Northwood Ravin’s vice president of development.
Other retail tenants and residents could start moving into apartments and ground-floor retail on the western end of the site later this month, Golden said in the news release. The first phase of the $100 million project is adding 400 apartments and 8,844 square feet of retail space. It also will include a Village Green, 24-hour clubhouse, saltwater pool, sky lounge and fitness center.
At full buildout, Carraway Village will have between 600,000 and 837,000 square feet of apartments, retail, offices and hotel rooms. Golden said he expects the development’s location at the intersection of Interstate 40, N.C. 86 and Eubanks Road to “continue to attract a strong mix of high-profile tenants.”
The second, 6,000-square-foot retail building and the Chick-Fil-A restaurant are still under review. Chick-Fil-A could have 110 seats, a drive-thru and 60 parking spaces, according to plans submitted to the town.
The new buildings would be just west of the N.C. 86-Eubanks Road-Interstate 40 intersection.
The two businesses will anchor one of three Carraway Village entrances off Eubanks Road. Work to widen the road to four lanes with a median and turn lanes, and add sidewalks and bike lanes, is ongoing. The town has agreed to pay $1.3 million toward the road project by delaying annexation and refunding some of the development’s new property taxes.
Meanwhile, the N.C. Department of Transportation is making plans to upgrade the N.C. 86/I-40 interchanges when it widens I-40 through Orange County.
Northwood Ravin also has land set aside for affordable housing. If the developer doesn’t build the housing by 2027, the town would get the land for its own affordable housing project.
Carraway Village is Northwood Ravin’s sixth project in Chapel Hill. Others include Carolina Square on East Franklin Street, Townhomes at Chapel Watch Village off Eubanks Road, and Chapel Hill North apartments off N.C. 86.