Wake Forest University Baptist Medical Center has hired Summit Healthcare Group to market land adjoining its medical complex in eastern Davie County.
Wake Forest Baptist owns 88 acres on Hwy 801 across from Kinderton shopping center at the interchange with Interstate 40 and has about 47 acres for commercial development.
“This is one of the last undeveloped tracts at an I-40 interchange in the Piedmont Triad,” said Joe Joseph, a partner in Summit. “The site offers exceptional visibility from the interstate.”
Summit, a Winston-Salem developer, represents Wake Forest Baptist in planning
and selling the property. “We envision a variety of businesses that may include hotels, full service restaurants, other retail and professional offices,” said Joseph. “The site is not suitable for a ‘big box’ retailer,” he added.
Joseph said his firm already has received some expressions of interest from commercial companies. “We recognize the challenging economic conditions for commercial development,” he said, “but there are few tracts of land with the value that this one offers with the access and visibility, and there will be significant interest in this land.”
“This site is the gateway to Davie County coming from the east,” said Terry Bralley, president of the Davie County Economic Development Commission. “With the medical complex and the Kinderton development, this tract is highly desirable for commercial development.”
Bralley noted that the interchange with I-40 has been improved and Hwy 801 widened. “This site will attract the kind of development that will complement the high standards that Bermuda Run and Kinderton have embraced,” said Bralley.
Wake Forest Baptist plans a medical complex that will include outpatient surgery, diagnostic imaging and related services and physicians offices in the first phase of its development. “From the beginning, we planned to have part of the site developed for commercial use as a means of fostering economic development in Davie County,” said Donny Lambeth, president of North Carolina Baptist Hospital.
“The commercial development will generate new tax revenue to Davie County and create new jobs, which will stimulate the local economy,” Lambeth added. “We hope that the development will help Davie County become a destination.”
The land is designated for commercial development by the Town of Bermuda Run. A master plan is being developed, and site preparation is expected to begin this summer.
For more information on the land, contact Joseph at 336 774-9127 or Tommy Catone at 704 905-8523. Summit Healthcare Group offers full service development and project management from site selection to completion. For more information, visit www.summithg.com.