Ross Dress for Less has been assured $45 million in government incentives should it build a 1.7 million-square-foot distribution center in Randleman, south of Greensboro. The North Carolina Economic Investment Committee has promised $8.4 million, and Randolph County and Randleman have okayed $38.6 million. The county will also convey 30 acres of property valued at $1 million to Ross.

Ross wants to build the center, which will require a $450 million investment, at the I-74 Industrial Center off Highway 311 south of Greensboro. Samet Corp. will develop the project, which is expected to create over 800 jobs.

The Triad Business Journal reports an economic-forecasting model used by the N.C. Department of Commerce forecasts the project will increase the state’s gross domestic product by $1.4 billion and net state revenue $19.7 million, with a return on investment generating $1.61 for every state dollar invested.

Elmwood Development has completed its assemblage of Downtown Raleigh lots, and now it can get moving on a 12-story building.

The Triad Business Journal reports Elmwood recently acquired three lots in the Warehouse District near the Fairweather Condos for $6.48 million. The lots total a little over half an acre. Elmwood already owned two of the lots it needed for its plans to build a retail and residential building with a parking deck.

Site plans filed with the city show the project will have 298 residential units, 8,000 square feet of ground-floor retail and 289 parking spaces in a parking deck. There will be 222 one-bedroom units, 64 two-bedroom units and 12 three-bedroom units.

The residential lobby, a fitness center and retail space would front Cabarrus Street with the remaining retail along South West Street. The site is across from Kane Realty’s West End development and has two buildings on-site. Those buildings will be demolished to make way for the new development.