Besides approving the project which will permit Hood Ventures to build a 210-unit multifamily community, the Concord City Council approved just over $170,000 in grants from the towns economic development office.

The $48.3 million project will also have 10,379 square feet of commercial space.

The project, that will have 148 two-bedroom units and 62 one-bedroom units, is going in between Bonnie Street Southeast and Woodsdale Place Southeast, along Cabarrus Avenue East.

The Charlotte Business Journal reports Concord city documents state that the area eyed by Hood Ventures is identified by the plan as one of nine opportunities for the public sector to intervene to help attract private investment.

Aja Constructions paid $13.5 million for land off Fayetteville Road just south of the Highway 70 split. The Town of Garner rezoned the 43-acre site in late 2023 to allow for 654 multifamily units and 40,000 square feet of retail space.

The Triangle Business Journal reports a master plan was submitted with the rezoning plan that indicates the project will be called Vintage Garner. The plan shows 10 4-story residential buildings, four retail pads and a handful of carriage houses. Amenities include two swimming pools, a fire pit, play field, playground, public plaza, two dog parks, dog wash, a shade structure with outdoor seating, walking trail and enhanced pedestrian corridor.

Conditions attached to the commercial mixed-use zoning include that two of the residential buildings must have at least 2,500 square feet of coworking space each; there must be EV parking spaces; at least 3,000 square feet for a dog park; and at least 10,000 square feet for outdoor active open space.