Thursday, August 31st, 2006
RESEARCH TRIANGLE AREA - CHATHAM COUNTY REAL ESTATE DEVELOPMENT EXPLOSION CONTINUES
Chatham County Real Estate. Jim Goodnight, Tim Smith and “Bubba” Rawl are at it again. Preston Development has purchased 2,000 acres South of Pittsboro and have an eagle eye on 1,000 more. About all Tim and “Bubba” will say about their plans for the acreage is that it will have 2 golf courses. As you know Tim and “Bubba”, with the backing of SAS Institute founder Jim Goodnight, developed Preston in Cary and put together the acreage package that is now Wakefield. Jim is backing them in this venture as well.
If you haven’t been keeping up with what is going on in Pittsboro it’s time you did. Newland Communities, a developer out of San Diego, has an approved subdivision called Briar Chapel which will have 2,389 homes on 1,589 acres five miles South of Chapel Hill off of U.S. 15-501. There will also be two schools and more than 500,000 square feet of commercial space.
John Fish (919) 696-3474 Email: marvmax@mindspring.com Web Site: www.JohnFish.com
