Maplewood Development Updates
The Village’s Comprehensive Plan provides sensitive guidance regarding the Maplewood Property and the potential redevelopment of the 15 acre site. The property is referenced on over 25 pages of the Plan with specific focus on the property provided within the Downtown Subarea Plan. Areas of discussion include providing access to the north of the property by extending Industrial Drive/High Road, multi-family infill development, potential for mixed-use development, and integration with the downtown area and Metra station among others. In 2015 the Village and School District created a Joint Maplewood Committee to discuss issues related to the potential redevelopment of the site. Some of the documentation presented during these meetings is provided via the links below.
The Maplewood Property has also been identified as an opportunity development site as part of the current Downtown Cary Strategic Plan’s planning process. This planning project was started in 2020 through a grant from the Regional Transportation Authority. Additional information on this effort can be found on the project website at www.downtowncarystrategicplan.com and how it applies to the Maplewood Property.
In 2017 School District School District 26 advertised a request for bids regarding the sale of the former Maplewood School property. The request for bids was released on May 31st with a bid opening of July 5th. The District received two bids which met their required minimum standards. The proposals were reviewed and voted on by the District 26 Board during their meeting on July 17th to select a preferred purchaser. Following this approval, Village staff had preliminary discussions with the purchaser, Patrick Taylor, regarding the property and the Village’s Development Review process. Through these discussions the developer requested an opportunity to meet with the Village Board to discuss the property and its potential redevelopment. On August 22nd the Village Board held a Special Village Board Meeting to meet with the potential developer and provide preliminary feedback on re-development of the site prior to production of plans. Following this meeting the Village Board reviewed additional concept layouts for the potential redevelopment of the property in October and December. No formal zoning petition to redevelop the property has been submitted to the Village to date.
In June 2018, the school district terminated their purchase agreement with the developer and re-posted the property for sale. A second purchase agreement between the School District and Developer Patrick Taylor was executed in 2018 following the request for bids. However the two parties have since terminated this second agreement. No additional information related to the property or potential redevelopment of the site was provided to the Village following the concept plan review meeting held before the Committee of the Whole on December 5, 2017.
In 2020 the School District contracted with commercial real estate firm CBRE and began marketing the property for sale again in November. If a purchase agreement is executed between the School District and a potential developer, any redevelopment plans would need to be scheduled for the appropriate public meetings for review by the Village of Cary.
|05.31.17||Maplewood Property request for bids released|
|07.17.17||Proposals reviewed and voted on by District 26 Board|
|08.22.17||Developer Patrick Taylor met with Village Board to discuss the property and receive public input|
|10.03.17||Developer Patrick Taylor presented Concept Plan to the Committee of the Whole|
|12.05.17||A revised Concept Plan presented to the Committee of the Whole by Developer Patrick Taylor|
|07.09.18||The school district terminated its purchase agreement with Developer Patrick Taylor and re-posted the property for sale. A request for bids was released in June seeking offers on the property.|
|03.09.19||A second purchase agreement between the School District and Developer Patrick Taylor was executed in 2018 following the July request for bids. However, the two parties have since terminated this second agreement. No additional information related to the property or potential redevelopment of the site was provided to the Village following the concept plan review meeting held before the Committee of the Whole on December 5, 2017.|
|11.20.20||School District 26 contracted with commercial real estate firm CBRE to market the property for sale.|