A major mixed-use community including hundreds of homes and plenty of commercial and retail space may soon be on its way to a city an hour north of Raleigh.
GBF Holdings, an LLC tied to Raleigh-based developer Futrell Development, has submitted an application with the city of Henderson in Vance County to rezone roughly 123 acres located on Dabney Road from a shop center commercial district to a conditional district, according to city documents.
The application could help pave the way for Dabney Village, a mixed-use community that could include up to 753 residential units and 300,000 square feet for non-residential uses, according to preliminary plans for the development.
Grey Berry, the representative of Futrell Development leading the project, told the Triangle Business Journal that single-family homes would be the first to come online, and they are “conservatively anticipating” those opening in the third quarter of 2025. Preliminary plans call for a maximum of 253 single-family lots with four to eight units per acre. Additionally, the plans call for a maximum of 275 townhome lots with 12 to 17 units per acre, and a maximum of 225 multi-family apartments with 18-24 units per acre.
“We are very excited about this project,” Berry said. “We feel that Henderson is poised for growth given the vicinity to Raleigh & Durham via US-1 and I-85, respectively.”
Berry said that “we do not yet have any partners for the residential or commercial components” and did not have any estimates for price ranges for residential units. Raleigh-based Kimley-Horn is serving as the engineering and design firm for the project.
This isn’t the only investment pouring into Henderson, a city with a little less than 15,000 residents that is about 15 miles away from the Virginia state line. Greensboro-based real estate development company Kotis Properties Inc. bought a shopping center in Henderson off Raleigh Road for $5 million in June. And in March 2022, the Henderson-Vance Industrial Park secured a nearly $1 million grant that was expected to create 50 jobs and generate $3.2 million in private investment for the county.
Ben Tobin covers real estate and economic development in the Greater Triangle, focusing on the counties outside Wake and Durham. Have a tip? Reach him at btobihn@bizjournals.com or (919) 327-1012.
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