Agenda - 06-03-2008-5b5e - Laserfiche WebLink

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I~I~SCI~eTI01~ o~ ~~®~o~>EZD ~~rc®~r v~~l~ srr~ L®cat~®n The property is located at the southeast corner or the intersection of I-85140 and Buckhorn Road (SR 1114), in western Orange County approximately one (1) mile from the Orange/Alamance County line, and contains approximately 130 acres. It must be noted that immediately to the west and across Buckhorn Road is an existing major Truck Stop and restaurant operation, known as Petro Truck Stop & Iron .Skillet. This operation includes traditional vehicle mechanical service, fuel sales, auto wash, restaurant, and supporting retail operation. This existing operation is located on approximately 31.2 acres. This operation is governed by the Town of Mebane zoning jurisdiction. The Town of Mebane also provides public utilities to the area including similar properties north of I-85/40. Furthermore, the recent opening of Gravely Middle School approximately 1 mile due east of the subject site, coupled with the adjoining and newly opened Orange County Soccer Complex are indications that this general area is already in transition into higher density and more intense development uses and projects than had previously existed. Additionally, the underlying premises of the Orange County Economic Development Districts, I-85Buckhorn Road Economic Development District being one of the three identified development districts in Orange county is another indication that .the Long- Range Planning for this area supports similar commercial and other non-residential development projects, as the proposed Buckhorn Village project. The subject property is located within this existing Economic Development District and thus coupled with existing public utilities and it strategic location at an existing US Interstate intersection strongly supports rational for the development of the proposed Buckhorn Village. Proposed Improvements The Buckhorn Village Planned Development is comprised of three (3) distinct individual development districts likely phased as follows: District One (1), located in the northeastern portion of the property: This district is approximately forty-one (41) acres in area and intended to serve no more than four (4) large retail tenants with a total anticipated combined floor area of one hundred eighty- five thousand (185,000) square feet. District Two (2), located in the northwestern portion of the property: This district is .approximately forty (40) acres in area and intended to support mixed-use development including' retail, office, restaurants, indoor theaters, hotels, residential, and other similar uses with an anticipated combined floor area of five hundred twenty-two thousand (522,000) square feet. C