EMERALD ISLAND – After several years of planning and over a year of construction, most of the townhouse and all retail store space in the Village West mixed-use development near Islander Drive in Emerald Isle is ready for occupancy.
“We have certificates of occupancy for the stores and all but two townhouse buildings” (in the first phase of the project), Samer Hamad, of Hamad Realty in Morehead City and director of development company A-Team Enterprises, Monday said.
The 11 buildings have three floors, with shops on the ground floor and residential units on the first two.
Some retail operations are struggling to hire employees, Hamad added, and at least one, No Name Pizza and Subs, has indicated it may not open this summer.
“We’re making progress and it’s great to see some stores opening,” Hamad said. “But it was very difficult to get things done this summer. “
Two of the stores – Style The Day Boutique and Enchanted Interiors – are scheduled to open this week, and others, including Milk Road Coffee & Smoothies and Mid Channel Market, a general store, are scheduled to open in September, Hamad said. . EJW Outdoors of Morehead City, which sells beach and fishing gear and bikes, also hopes to open soon, he added.
People are expected to start moving into some residential units in the near future, he continued.
There are seven businesses in the first phase, four of which occupy two of the ground floor units.
The city has invested in utilities and other public improvements along Islander Drive in an effort to spur redevelopment of the area now occupied by Village West development after years of general disrepair.
The Village West site is a 2.3 acre A-Team Enterprises land of Morehead City purchased from the city. The property is north and east of the Queens Court condominiums and north of the city’s West Regional Ocean Access.
The city initially bought the property with the intention of building an events center, but backed down after public objections. Emerald Isle then sold the property to A-Team at auction, making a profit, which she reinvested in improvements to Islander Drive and Louise Avenue, such as sidewalks and public parking spaces, landscaping. , burial of utility lines and a change in traffic patterns.
Emerald Isle used $ 100,000 in the state’s economic development grant fund to help pay for the Islander Drive Corridor renovations, which, combined with contributions from A-Team, totaled approximately $ 750,000.
Hamad Realty has managed the sale or lease of all of Village West’s business units, while Emerald Isle’s Bluewater Real Estate is handling the sale of condominiums and townhouses for the entire project.
Contact Brad Rich at 252-864-1532; send an e-mail to [email protected]; or follow us on Twitter @brichccnt.