The weather and housing market has cooled, but not construction!
Treelight Square Dining District
Work is complete on the exteriors of the first group of buildings (Phase 1A). The Smiling Turtle is just about complete, while Don Beto’s and Falls Local have been busy with their interior framing.
Phase 1B continues it’s exterior build and we recently learned that Elements Massage will be joining the lineup. The latest site plan courtesy of CBRE follows.
Construction still hasn’t started on the Treelight Office Building so that Q4 2022 delivery date will likely be late 2023. We’ve not had any word on tenants other than an insurance agency for that building which is likely why they’ve not broken ground.
As for the Treelight Square outparcels, construction on the 55+ apartments could start soon. Publix has solid their outparcel to McDonald’s and lot 20 was recently surveyed and may be a Fifth Third Bank. No formal announcements have been made though.
AFC Urgent Care
Work has wrapped up on the exterior and we could be approaching opening before the holidays! They really spent some money on their finishes, look at the brick parking spots.
Starbucks building and Bojangles
Starbucks isn’t messing around. The building is taking shape very quickly, and the exterior is nearly complete. The building will contain a drive-thru Starbucks, Jersey Mike’s Subs, and a tenant to be announced.
Bojangles is working on their exterior framing and finishes.
Wendy’s
Now Open!
The Collective
Roadway infrastructure is being implemented now and we should see paving in the next few weeks.
JLL has put out new marketing material that paints a picture of what may be to come! Plans could include another grocery store, pharmacy, movies, hotel, apartments, retail, restaurants and office. Be sure to check out the fly-through video on page 9!
There’s also some plots of land that are not affiliated with Wendell Falls for sale adjacent to the Collective but are priced way above market value and have seen no movement since being listed.
Adjacent to the Lifestyle District will be Wake Med. Still no word when work may begin.
Behind there will be the Collective Office District where grading is underway where paving should also take place soon.
And finally, parts of Phase 10 have been paved! We could be getting close to Wendell Valley Blvd opening.
Phase 11 has started clearing. These phases will include roughly 500 residential lots as well as a new pool. It’s important to note that there will be no connection between Phase 9 and 10/11 so travel on Wendell Falls Pkwy will be necessary. My hope is that a trail along the sewer easement is at least constructed.
Even further out, toward and even past Knightdale-Eagle Rock Rd, will be another two future Residential phases and even perhaps some industrial on the NW side of Knightdale-Eagle Rock. This will backup to the upcoming Wendell Commerce Center and provide a direct connection to the Wake Tech area. For more on all that see https://philveasley.com/2022/09/11/september-2022-wendell-development-updates/.
Neuse River Vet and Martin Pond Apartments / Outparcels
Neuse River Vet is framed and will receive it’s exterior finishes next.
The Richardson Apartment and Townhome section has been fully graded and infrastructure work is well underway.
The other three outparcels have been graded and one is under contract. We’ve not heard what it may be yet.
Residential Phases
Work continues on tons of homes in Phases 9B, 9C, and 12.
Still no word on when the tunnel path may be complete. I’m losing hope for the “end of the year”. Elsewhere, I still hope we can get other bike / ped improvements to enhance the safety for all in the neighborhood. https://philveasley.com/2022/01/26/wendell-falls-bike-lanes-and-street-calming/.
As always be sure to check out https://philveasley.com/wendell/wendellfalls/ for an up to date view of confirmed and rumored tenant locations.
Illustrative graphics courtesy of CBRE. Drone photography is for recreational purposes only. Views and insights are mine and not representative of my employer or any organization.
Phil Veasley 