Plans are moving forward for a large development anchored by a Wegmans grocery store in Cary.
The Town Council on Thursday rezoned 92 acres of undeveloped land to accommodate Fenton, which would feature a mix of retail, businesses, high-end residential and two hotels on Cary Towne Boulevard at Interstate 40.
Fenton, named after the town’s namesake, Samuel Fenton Cary, aims to bring an urban vibe to the suburban community.
“This is an opportune time to build a project from the ground up, and we’re thrilled to move forward with our plans to deliver cosmopolitan amenities to East Cary,” Abbitt Goodwin, a partner at Columbia Development, said in a statement released Friday.
Roh Pfohl, partner and director of leasing at Columbia, said the project marks a shift away from suburban, single-use offices toward walkable, urban-like settings with restaurants, markets and other social gathering spots.
Details of project, which were developed over several months of public meetings, feature 2.5 million square feet. That includes 1.2 million square feet of top-notch office space, more than 900 luxury residences, two boutique hotels and 400,000 square feet of specialty retail. A movie theater and fitness facilities would be included.
The development will likely bring in a number of online retailers that have recently moved into stores. Columbia hasn’t said which companies they hope to land, but Warby Parker, Bonobos, Google and Amazon have all opened traditional stores in the past few years and could be considered candidates.
Columbia now has to reach an agreement with the town about specifics for the project, and it needs to close on buying the property from the state.