The Town Council on Monday, Aug. 1, unanimously approved a utility allocation and infrastructure agreement for an industrial park on 79 acres on Hodge Road south of I-495.
The agreement establishes development standards, phasing and infrastructure improvements for the Eastgate 540 Industrial Park, at 2309 Hodge Road. The agreement includes a payment of $60,000 by Indianapolis-based developer Scannell Properties to build a right-turn lane on Poole Road onto northbound Hodge Road.
Town staff recommended that the council approve the agreement for the property, which is zoned for manufacturing and industrial development with a special highway overlay district.
The project is to be built in three phases and would include about 968,000 square feet of warehouse and distribution space in six buildings once all three phases are complete. Phase one includes two 150,000-square-foot buildings.
Phase two calls for construction of two 120,000-square-foot buildings and a pond to serve as a stormwater control measure. Phase three is one 300,000-square-foot building, one 128,000-square-foot building and another pond for stormwater control. The developer reserves the right to construct phase three before phase two, depending on the needs of future tenants.
The property is not currently in the town limits, and Scannell will be coming before the council again to ask for annexation to get access to town water and sewer service. The annexation is also to be done in three phases. The developer is to request annexation of phase one by October, of phase two by October 2018 and phase three by October 2020.
Construction on the first building is to start by July, 2017 and be complete by the end of 2018. Construction of the last building is to start by Jan. 1, 2022, and is to be completed by the end of 2023.
The town will not grant final approval of the construction plans for each phase until after Scannell acquires the property from the current owners, Mary Lou Murphy, Susan Elaine Murphy, Kenneth Wayne Murphy, Gary Michael Murphy and Hodge Road Properties, LLC, and files for annexation.
No one spoke against the project at a public hearing the council held on the agreement for the park during Monday’s meeting.
Knightdale Mayor James Roberson has referred to the planned industrial park, and another planned for Widewaters Parkway, as a boon to the town’s effort to add more commercial development to its tax base.
“With the growth we have experienced,” Roberson said, “we’ve had a chance to look at our development and area, as a lot of communities have, and we saw an opportunity.”
Matt Goad: 919-829-4826