The Chapel Hill Town Council voted on April 9 to approve the rezoning of a section of South Elliott Road next to the Blue Hill District for mixed-use development.
Rockwood Development Group plans to build residential and retail spaces on the property, in addition to a parking deck and recreational areas, said McAdams Land Planner Jessica Hardesty. A multi-use path will also run through the site connecting South Elliott Road to Couch Road.
There is not yet a guarantee that the project will be built, as the developer still needs to find a contractor to break ground on the project, Town Council Member Melissa McCullough said.
Town Council Member Theo Nollert said the development will bring needed housing to the area.
“Chapel Hill's financial challenges come basically from the fact that the demand to live here is way, way, way higher than the capacity to live here,” Nollert said.
Affordable housing was a major topic of discussion throughout the April 9 meeting.
Rockwood Managing Partner Susana Dancy said the developers could not cost-effectively carve out the number of affordable housing units the Town asked for.
When the Town Council push for more affordable housing, Dana $2 million payment in lieu to address the issue. would be a payment made directly to the Town by the developer for the purpose of funding affordable housing in place of building a required portion of dedicated affordable units.
Town Council Member Elizabeth Sharp said that, while she is generally opposed to the option of payment in lieu, she found this offer to be compelling. The Town Council voted 7-2, Council Members Adam Searing and Camille Berry opposing, to approve the rezoning shortly after this offer was made.