New Housing Development To Stretch Across Wake, Chatham Counties

The development will feature single-family homes ranging from $100,000 to $600,000 and a commercial entity with shops and restaurants. It will also feature a restrictive-age community for people over the age of 55.

"The impact on the surrounding area is relatively low and it's relatively positive," builder Dave Reitz said.

Developers point out that it was the prior administration in Cary that cleared the way for the project.

"Even that administration looks at this part of town and said if there is going to be a significant amount of new growth, this is the right place," developer Bob Jones said. "Interstate 540, Highway 55 will provide roads. We've got water and sewer available in that part of town. This makes sense."

"We have saved the most prestigious areas and the mix of pedestrian-friendly and new urbanism approach to building these communities is what has been adopted here," said town councilor Nels Roseland.

The first homes will be built in the summer. The entire project is expected to take 10 years to build.