Category: Blog
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The Kingsboro CSX Select Megasite
Our take: A CSX Select rail site located east of Raleigh in an opportunity zone near I-95, the site is attractive for industrial and manufacturing. Occupation of this site would impact the nearby ex-urban towns of Rocky Mount, Tarboro, and Wilson, with increase demand for apartments and bread-and-butter retail. The Kingsboro CSX Select Megasite, located…
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Mid-Atlantic Industrial Rail Park Megasite
Our take: Strategically located for a variety of transportation options: the Port of Wilmington, Wilmington International Airport (ILM), on I-74 with good access to I-40 and I-95, and a CSX Select Site for rail. When this site is occupied, demand for apartments and bread-and-butter retail will increase in these nearby cities: Wilmington, Leland, and Whiteville.…
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Great Meadows Megasite
Our take: Located off of East-West interstate I-40, near North-South interstate I-77 between Charlotte and Asheville, with direct access to Norfolk-Southern rail, this site is attractive to logistics and industrial. Occupation of this site would increase demand for housing and bread-and-butter retail in the nearby towns of Marion, Morganton, and Hickory. The Great Meadows Megasite…
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The Chatham-Siler City Megasite
Our take: This manufacturing-oriented site is in the center among Greensboro, Raleigh/Durham, Asheboro, Burlington and Fayetteville. A new industrial employer at this site would increase demand for housing and retail in the surrounding smaller cities such as: Siler City, Burlington, Pittsboro, and Liberty. The Chatham-Siler City Advanced Manufacturing Site (CAM Site) is a significant industrial…
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Microsoft’s $26.85M Megasite Purchase to Drive Housing, Retail, and Job Creation in Person County
Microsoft Corporation has recently acquired approximately 1,350 acres in Person County, North Carolina, known as the Person County Megasite. The tech giant invested at least $26.85 million for this land in Woodsdale Township, as recorded in county property records. While Microsoft has not yet disclosed specific plans for the site, the substantial investment suggests potential…
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Fortune 500 Companies Eye Raleigh
Raleigh is attracting the attention of some of the largest firms in the nation. According to Kyle Touchstone, the city’s economic development director, several Fortune 500 companies are eyeing the city for potential expansions. While Touchstone didn’t provide specifics, he mentioned that his team is currently working on 16 active economic development projects. Among them,…
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Johnson & Johnson to build Billion Dollar, 420 Job Manufacturing Facility in Wilson
Johnson & Johnson is considering a major economic investment in Wilson, North Carolina, with a potential $1 billion manufacturing facility on the horizon. The project, dubbed “Project Harbor,” could create 420 new jobs by 2031, with an impressive average annual wage of $108,823—more than double the city’s median household income. The Wilson County Board of…
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$145 Million Investment by Reckitt Benckiser Set to Transform Wilson County with 289 Jobs
Reckitt Benckiser has announced a $145.6 million investment in Wilson County, North Carolina, for a new manufacturing plant that will produce its well-known Mucinex brand. This investment is expected to create 289 jobs, with an average salary significantly higher than the local average. The economic boost from the plant will lead to increased demand for…
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Forge Nano Invests $165M in Morrisville, Creating 200 High-Paying Jobs by 2026
Forge Nano recently announced plans to establish a lithium-ion battery manufacturing facility in Morrisville, North Carolina, marking a significant investment of over $165 million. The plant, set to begin operations in 2026, will produce advanced lithium-ion cells using Forge Nano’s proprietary Atomic Armor technology. This development positions North Carolina as a major player in the…
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Slight Decline in Raleigh Apartment Vacancy
Raleigh’s apartment market is experiencing a slight shift as vacancy rates decline for the first time in nearly three years. After reaching a record high of 12.6% earlier this year, the vacancy rate fell to 11.9% in the second quarter, indicating a continue surge in demand that outpaced new supply for the first time since…