(PHOTOS) Carroll Cos. had a big year – and there’s more coming
On Wednesday morning, Greensboro developer Roy Carroll announced plans for a $140 million development at North Eugene and Bellemeade streets, home of the Guilford County-owned Sandhills Center mental health facility.
It caps a period of tremendous activity for Carroll Cos., which has grown from a home builder into one of the Southeast’s most prolific developers. Here’s a look at other recent projects from Roy Carroll and more that are underway:
Publix distribution center: In 2018, Carroll sold Publix 340 acres in east Greensboro for $28.5 million. The Florida-based grocer will open a 1.8 million-square-foot distribution center with 1,000 jobs. He also owns land adjacent to the site, which could create other development opportunities.
Carroll at Bellemeade: In March, Carroll opened a 110-room Hyatt Place hotel and about 100 luxury apartments near First National Bank Field in downtown Greensboro. He’s planning on two more apartment buildings, each with about 100 units.
Friendly and Hobbs: The 6.6-acres at West Friendly Avenue and Hobbs Road may be the highest-profile property Carroll has left to develop. He bought the site in January for $5 million from Atlanta-based Halpern Enterprises, which scrapped plans for a mixed-use project. Carroll wants to talk to nearby residents who originally opposed Halpern’s plan: “I hope to have some neighborhood meetings in the next few months,” he said.
The Avenue in Wilmington: The development includes a Westin Hotel, a conference center and spa; 500 luxury apartments; and 109,000 square feet of retail and office space. The $200 million project, initially opposed by the city for traffic reasons, gained approval in June 2018.
Rockingham County land: Carroll has put together 300 acres along Interstate 73 in southern Rockingham County. He said the land is ideal for development – it’s mostly flat with no major streams, dense rock or hills to build around. Utilities could be available within a year. Most importantly, it’s only a 10-minute drive from Piedmont Triad International Airport, creating what Carroll believes is a great spot for aviation-related industry. “We’ve been quietly assembling this for three years,” he said. “This is going to be a phenomenal industrial site one day. Rockingham County is super excited about the prospect of having a job center there.” Carroll said he could sell off pieces or build to suit. And this is intriguing: He has a plan drawn for six 1 million-square-foot industrial buildings.
Bee Safe: The upscale storage company has 28 sites, most in some stage of development. In the Triad, two are in development in the Greensboro area and another in Burlington.
Outside the Triad: Carroll Cos. has nine multifamily developments under construction – four in the Austin, Texas, metro area, and others in the Asheville, Charlotte, Raleigh, and Nashville, Tennessee, areas. Carroll has two more in the development stage around Austin and Nashville, and one in Charleston, South Carolina.