Triad developer seeks zoning for 60-acre neighborhood near mebane

A rapidly expanding Triad developer will seek zoning for a 60-acre planned unit development near Mebane in Alamance County on Monday night at the regular monthly meeting of the Mebane Planning Board. Diamondback Investment Group LLC is requesting approval to conditionally rezone six properties totaling approximately 60 acres at 1413 Mebane Oaks Road and the ends of Longleaf Pine Place and Broadwood Acres Road in Alamance County for a PUD of 194 townhomes, 62 single-family homes and 2.1 acres with retail uses. The development is just southwest of Interstate 40/85. Diamondback has the property under contract to purchase, contingent upon approval of the conditional rezoning. Monday night will be busy for Greensboro-based Diamondback, which will also go before the Jamestown Planning Board for approval of a plan for approximately 1,250 homes on more than 400 acres at its proposed Castleton Village development along Guilford College and Mackay roads. The Jamestown meeting begins at 6 p.m. The Mebane meeting starts at 6:30. Both proposed communities were recommended for approval from the respective planning staffs. Zach Tran, a principal in Diamondback, told Triad Business Journal that he expects to be at the Jamestown meeting while attorneys from the Greensboro law firm of Issacson Sheridan will represent the developer in Mebane. As TBJ reported last week, the housing market has boomed in the Triad during the Covid-19 pandemic. Tran said Diamondback, which now has 110 employees, has "tripled" in size since March, with effects from the pandemic perhaps contributing to the growth. Tran said the company he and partner Hal Kern after a 2018 deal now controls about 22,000 lots with more than 30 projects in progress throughout the state. RECOMMENDED "We have really exploded," Tran said. "It's gotten crazy." Amenities planned for the Mebane Oaks community include 5-foot-wide sidewalks, a swimming pool, clubhouse and a dog park. Also at the Mebane meeting, a housing supply report prepared by the planning staff will be introduced. According to Mebane officials, nearly 1,000 new homes have been constructed in Mebane since 2015, and the city currently has more than 2,000 single-family homes (including townhomes) and 350 apartments approved for construction that have not yet been built. The report concludes that at the current rate of construction, Mebane will be home to more than 24,000 people by 2028. Inclusion of likely but unapproved residential units puts the projection at 32,000 people. The housing supply report examines the composition of the city’s housing stock using American Community Survey Data and compares Mebane to eight communities in North Carolina: Belmont, Fuquay-Varina, Graham, Hillsborough, Holly Springs, Kernersville, Knightdale and Waxhaw. TBJ has reported on Mebane's rapid growth in population and industry in recent years. The city is strategically located between Greensboro and the Triangle metro area along I-40/85.

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