Orange County NC Website
to increase by 226,000 to 333,000 square feet in the two -mile radius and 858,000 to over one <br />million square feet in the five -mile radius. <br />demographic treads as well as retail leakage data, imply that the town should <br />Interestingly existing existing Hillsborough town residents to support new <br />not rely too heavily demand from <br />commercial develooPthe ate, hate demaild projections <br />ide tion estimated range within n which future sde nand <br />the tri- county g' likely to experience the <br />might be expected to fall, in the near- tetnt�ire would mean wont tinned population decline. Combined <br />existing trends. In terms of population, <br />with lower household incomes and academic attainment, the future demand potential of the two - <br />mile radius will likely resemble estimates in the low- growtb scenario. However', <br />the almost 600 <br />attract younger, ln ooerhighly educatedtl oluseholds into thelarea. under <br />If properly leveraged, aged, begin �o <br />demand new e a l e nr e c i <br />towsiide ts. For example,the Ket ion G ove resdential <br />an al o created <br />demand fromeasting <br />development, located between Revere Road and Cornelius Street, includes 55 new market rate <br />single - family residential units (only five have yet to be constructed). Thus, conune'cial <br />development households intlKenioV Grove maydfind a broader base of existing ppo t tl at w oulld otherwise be feasible. <br />54 <br />54 <br />