7/25 Update
CBRE has posted marketing material for a multi-tenant building containing five retail spots – two with outdoor patios – on lot 28 at the corner of Wendell Falls Pkwy and Douglas Falls. More information can be found at the link here: https://www.cbre.com/offices/affiliates/raleigh/raleigh-property-search/details/US-SMPL-100050/wendell-falls-lot-28-wendell-falls-pkwy-douglas-falls-dr-wendell-nc-27591
It also appears that the new pool is nearing completion. It is likely waiting for inspections. I don’t know when it will open. 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. It is also not golf cart accessible as golf carts are not allowed on the Wendell Falls Pkwy side path. It is roughly 2 miles from the Farmhouse.
The updated interactive area map can be found here: https://philveasley.com/wendell/wendellfalls/
Previous edition of article continues below.
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Treelight Square
Don Beto’s has opened. Elements Massage opens 6/24. Falls Local, Parkside, and the other tenants are busy working on their interior build outs. Parkside and Falls Local appear to be very close and we may see some opening dates in the next month or so.The splash pad is also now operational and a new Treelight Square street art mural has been added. The developer also mentioned that this middle connector area may sometimes be used for street festivals and vendor fairs.
The latest site plan courtesy of CBRE follows. Still just one spot up for grabs in the original two phase section.
Plans originally called for an office building for the 3rd phase of Treelight Square but that has shifted to more restaurant and retail space along with a medical building per latest marketing material.
As for the Treelight Square outparcels, all are either Under Contract or under Letter of Intent except for Parcel 10. Parcel 18 will be 55+ age targeted apartments. McDonald’s is well underway on Parcel 19. I’m taking bets that it’ll be complete before Bojangles. Parcel 20 will be Fifth Third Bank. Outside of that, nothing has been rumored or confirmed for parcels 27, 28, and 11. Starbucks and Jersey Mike’s are now open with Wingstop not far behind. There’s also a new trail loop going in behind the fire station. One day, Bojangles will open.
The Collective
Wendell Valley Blvd has fully opened and lot survey lines have been established. This new road will eventually provide seamless and direct access to Rolesville Road and enhance connectivity between Wendell Falls and the Wake Tech / Wendell Commerce area. As of now, there’s no timeline available for the two sides to actually connect due to no funding for the railroad crossing.
JLL had put out new marketing material that paints a picture of what may be to come for the Collective Lifestyle District. Plans could include another grocery store, pharmacy, movies, hotel, apartments, retail, restaurants and office. Be sure to check out the fly-through video on Youtube. Shortly after the listing went live though, it seemingly disappeared. When I reached out to the developer they were unaware of any sales of the property.
Given market conditions, it may be years before we actually see much of anything actually happen to this land.
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 nearly a year ago at this point.
Wake Med however is quickly advancing toward completion. The 12 bed Emergency Room only hospital will be the first phase of a two building complex.
Behind there will be the Collective Office District where grading was complete and is now being used as a construction staging area. I would be shocked if this ever actually develops into the envisioned mega corporate campus. Given the office market, my bet would be that this eventually turns into more housing or mixed use sections.
Parts of Phase 10 have opened and the first homes are complete with dozens getting ready to break ground. This section will feature some new collections and builders as well as the departure of mainstays Mattamy and Ashton Woods (formerly Capitol City).
Phase 11 will be paved soon. Together, these phases will include roughly 500 residential lots as well as a new pool and playground. 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. It is also not golf cart accessible as golf carts are not allowed on the Wendell Falls Pkwy side path. It is roughly 2 miles from the Farmhouse. 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. Plans for this final residential phase can be found here.
Neuse River Vet and Martin Pond Apartments / Outparcels
Neuse River Vet is now open.
This phase of Apartments and Townhomes is also underway and making quick progress.
The other three outparcels have been graded and are available for purchase / lease.
Residential Phases
Work continues in phases 9B and 9C. In between, work has started on Acorn Creek, which will connect the two stubs between the phases and convert the current driveway to a trail. Quick note about road stubs, anytime there is a dead end without a cul-de-sac, that means the road will eventually connect to something else. There are a bunch of stubs in phases 10 and 11 that are planned to connect to future development.
The tunnel turned out great and is receiving a mural currently.
Adjacent Development
While not officially Wendell Falls, a major development opposite of the vet will be breaking ground soon. Survey crews were recently out surveying. This project will add to the commercial and retail offerings of the area as well as adding another dense mixed-use node that will help lead the area in the right direction. Plans can be found here.
A large subdivision which will connect phase 11 to Martin Pond Road will also be going for final approval tomorrow (6/12).
In the future there may be another mixed use development coming soon adjacent to this according to a recent Town Council agenda. There are no site plans announced yet but the owner’s have started the rezoning process of the land seen here.
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 / JLL. Views and insights are mine and not representative of my employer or any organization.
Phil Veasley 