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8 <br /> • We are operating under a Commercial Development Strategy that was developed <br /> 2015- 2016 with the Vision of"Taking our place on the map of like cities for research <br /> and development." <br /> • Working with our Engineering division to evaluate what might be built on the Wallace <br /> Parking Deck. We are thinking this could be reduced rate office space and we might <br /> partner with a private developer to see this happen. <br /> • We are looking at starting a Maker organization to help facilitate the interest of people <br /> who are moving into the Maker industry. They have held one organizational meeting. <br /> • Working with UNC to think about critical strategies related to Entrepreneurship and the <br /> possibility of creating an Innovation Council to help grow our private support for <br /> entrepreneurs. It would have strong private section representation to help encourage <br /> involvement from that sector. <br /> • Continue to work with County staff on drafting an Incentives Policy for further <br /> consideration. <br /> • We are working with our Parking division to explore growing our parking opportunities <br /> in downtown and having a greater percentage under single management. <br /> • Working with Planning Dept. to draft an advanced manufacturing/research/flex zone for <br /> approximately 50 acres off Millhouse Road. The Town has a concept plan for about 1/3 <br /> of the property and it could accommodate up to 390,000 sq ft. <br /> • Working with multiple developers to help move approved projects forward and meet the <br /> Town's interest in retail and office space. <br /> ECONOMIC DEVELOPMENT REPORT— TOWN OF CARBORO <br /> Trish McGuire, Planning Director, made this presentation, and referred to the 6 projects <br /> below that were in their report in their abstract: <br /> Project Description Current Status Next Steps Tenants <br /> Lloyd Farm Property - Old <br /> Fayetteville and NC Hwy 54 <br /> • 116,000 sq ft mixed use development to include a grocery store, commercial outparcels <br /> and multi-story 200 unit senior living complex. <br /> • Under review by the Board of Aldermen. <br /> • Scheduled for the December 6th Board meeting <br /> • Tenant: Harris Teeter <br /> South Green — South Greensboro and NC Hwy 54 <br /> • 43,500 sq ft retail development <br /> • Approved by Town <br /> • Major improvements underway at South Greensboro to NCDOT storm water and <br /> OWASA waterlines <br /> • Tenant: Announcing Soon! <br /> Shelton Station North Greensboro and Shelton Street <br /> • 22,706 retail/office and 90 units residential rental units <br /> • Retail/office is under construction <br /> • Vertical construction for residential portion of the project will begin in the fall <br /> • Tenant: UNC School of Medicine (12,000 sq ft) <br />