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• <br /> rn} <br /> 00( 14 <br /> 7-10-S42 BUZ - r� <br /> LLOYD . <br /> AND ASSOCIATES _+ luq . , ' <br /> REAL ESTATE BROKERS �- <br /> July 29, 1986 <br /> IF; <br /> Marvin Collins, Director <br /> Orange County Planning Department <br /> Orange County Offices <br /> Hillsborough, North Carolina <br /> 27278 <br /> Dear Mr. Collins: <br /> I am writing as secretary of Piedmont Atlantic, Inc. which 1s <br /> the owner of a tract of land on the northwest corner of the in- <br /> tersection of Homestead and Rogers roads north of Chapel Hill - <br /> and located in the Orange County Joint Planning area. <br /> Piedmont Atlantic, Inc. appreciates the support that the planning <br /> department has provided for the inclusion of an Office-Institution- <br /> al zoning node which would include fifteen acres of the tract <br /> described above. Piedmont Atlantic, Inc. believes that inclusion <br /> of an Office Institutional zoning node which would govern rezoning <br /> and development of this tract is in the best interest of Orange <br /> County for a number of reasons. First, because the land is not <br /> heavily wooded it. is. less` than ideal for a residential use. Se- <br /> cond, rezoning and development of this land for Office .lnstitutoinal <br /> uses would allow the development of more economical office space <br /> because the land is not located in a "high visibility" area; this <br /> would be an appropriate location for non-profit and other insti- <br /> tutions for which economics outweighs visibility. Given the cost <br /> of real estate around Chapel Hill the importance of the availabil- <br /> ity of less expensive Office-Institional property is substantial . <br /> Thirdly, the tract is a logical location just off (and sheltered <br /> from view from) Homestead Road which will become one of the more <br /> significant thoroughfares in the years ahead when 1-40 is opened. <br /> The tract is also in the vicinity of Chapel Hill High School , con- <br /> venient to students and staff (for doctors' offices and so forth) <br /> and yet would be the only Office-Institutional node on Homestead <br /> Road west of Airport Road aside from the tract occupied by the <br /> High;School and Seawell Elementary School . <br /> Your continued support of this node is appreciated. if I can pro- <br /> vide any further information, please let me know. <br /> Sincerely, <br /> Post Office Drawer J Carrboro, North Carolina, 27510 919/967- 948 <br />