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49 <br /> Economic Development Update-January 28, 2020 <br /> Working to grow our commercial tax base with job and office space through companies like Well in downtown and <br /> Carolina Donor Services in our Enterprise Zone. Over 100,000SF of new office space currently out of the ground and <br /> ready for occupancy by the end of 2020. <br /> 177 <br /> • Phase 1 complete and includes 9,000SF commercial. Phase 2 <br /> already adding 12,000SF. <br /> • First Incentive Grant in January for$60,000. <br /> 3_ <br /> • Multi-family at 60%occupancy. -= <br /> • Starbucks and Chic-fil-a under construction. <br /> • In conversation with new office and retail prospects. <br /> • Affordable housing proceeding. <br /> 7�/P.IJ/11C11T<S <br /> • Site work in final stage for foundation. ' <br /> • Building permits to go vertical should be forth coming. <br /> • Working with NC DOT to prevent any disruption from Durham- 19 <br /> Chapel Hill Road improvements at opening. � y <br /> • February 2021 opening projected. <br /> • Well continues to negotiate with County with a late January <br /> anticipated action from the County Commissioners. s <br /> • Could take over building by end of June 2020 and both existing j X <br /> agencies relocated. f F <br /> • 110 Team members hired to date <br /> • Industry-leading health engagement solution with two NC-based <br /> businesses as its first customers in Q4 <br /> • Total of 100,000SF office is under construction and expected for <br /> occupancy by last quarter 2020. F <br /> IL! <br /> f 1��i <br />