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50 <br /> Attachment 3a <br /> ECONOMIC DEVELOPMENT • ' <br /> South Green <br /> 5 <br /> i <br /> V-1 <br /> PROJECT DESCRIPTION: Development with 45,000 square feet of multiple commercial buildings on <br /> a 5.6 acre site at 501 South Greensboro Street. <br /> CURRENT STATUS: Buildings 1 and 4 are under construction. Known tenants include Atlas Taco <br /> Bar, Craftboro Brewing Depot, Montessori Academy in South Green, Nailz (organic salon), and <br /> Coronato (pizza by Teddy Diggs). <br /> PROJECT BACKGROUND: This Conditional Use Permit application proposed multiple commercial <br /> buildings on a site at 501 South Greensboro Street that formerly was occupied by Rogers-Triem.The site <br /> had considerable known flooding issues, which was addressed through collaboration with Town and <br /> NCDOT. The Board of Aldermen set a public hearing for the rezoning and CUP request on April 28, 2015. <br /> The project went before the Joint Advisory Boards Meeting on April 2 and ESC on April 8.The Board <br /> approved the project,with conditions, on June 9, 2015. <br /> ESTIMATED TAX VALUE: $13,000,000 <br />