New Apartment Complex Coming Soon Near Lochmere

In June 2012 a land deal was finalized for a 12.5 acre property located at the corner of Cary Parkway and Tryon Rd.  Plans are to build a 205 unit apartment complex.  Lochmere residents voiced concern over the project, but it has been approved and will be constructed.

On the positive side, small business owners in the Lowes shopping center may see a benefit from an increase in traffic in the area.  Many business and restaurants in the shopping center have struggled, especially with the opening of Waverly Place just down the road.

What are your thoughts on this new project?  Do you think it will have a positive or negative impact on home values in Lochmere?  Will we see an increase or decrease in homes for sale?

Contact me today for a no obligation home evaluation or sign up for my Market Insider Report to get your homes value and stay on top of the home market in Lochmere.