A mobile home park in Cary has been sold and slated for repurposing, marking another clear indicator of redevelopment momentum along key corridors in Wake County. 🏗️📍
What’s happening:
- Entire property sold at Chatham Street & Maynard Road
- Buyer plans to repurpose the land, consistent with broader redevelopment trends in Cary
- Residents provided six months’ notice and relocation assistance
- Decision reflects rising land values in one of the Triangle’s fastest-growing submarkets
Why this matters for owners, investors & operators:
- Land use is shifting from low-density housing toward higher-value redevelopment
- Sites with strong infill location and access are increasingly being repositioned
- Expect continued pressure on older, underutilized properties near employment centers
- Highlights the growing gap between land value and legacy uses
Bigger picture:
- Cary and the greater Triangle remain among the fastest-growing regions in the U.S.
- As population growth accelerates, land economics—not structures—are driving outcomes
- Redevelopment is becoming less speculative and more inevitable in core and near-core areas
#CommercialRealEstate #Redevelopment #LandUse #CaryNC #WakeCounty #TriangleCRE #InfillDevelopment #RealEstateTrends #HighestAndBestUse #CREInsights
https://abc11.com/post/cary-mobile-home-park-residents-given-6-months-move-property-is-sold/18334692
