SITE OVERVIEW

Water and Sewer | Roads | Storm Drainage

Belle Meade is located at the signalized intersection of Highway 421 and Silva Terra Drive, 1.2 miles north of the intersection of Highways 421 and 132 (Monkey Junction) in New Hanover County. Belle Meade Centre consists of 20-acres of land zoned CD-B1 and is approved for 213,000 square feet of retail and office space. Current road frontage on Highway 421 is 715 feet, but when combined with the 9-acre adjoining parcel (currently under contract with the Stone Theatre Group for a movie theater as part of a comprehensive plan) the potential road frontage surpasses 1100 linear feet and the approved square footage exceeds 280,000. The comprehensive site plan includes 14 commercial buildings. No wetlands exist.

A Traffic Impact Analysis completed in 2008 showed potential trips to the site to be 20,531 daily. Approximately 25-30% of this number would include trips from adjoining neighborhoods (internal capture) not utilizing the main entrance off of Highway 421 (See TIA table).

2008 New Hanover County real estate taxes for the 34 acres currently owned by Atlantis Holdings were approximately $22,000. Belle Meade Centre and its adjoining properties currently are not subject to city taxes but will likely undergo annexation with the City of Wilmington within the next several years.

The adjacent 6.2-acre independent living site is approved for 116 units. The 13.5-acre Belle Meade Common residential site consists of a 62-lot town home subdivision currently being reviewed.

Water and Sewer

City water and county sewer lines are already in place on the site. Fire hydrants are already installed. top

Roads

Belle Meade is located at a signalized intersection along Carolina Beach Road (Highway 421), one of the few major traffic thoroughfares in the county and the only one that remains underutilized. Currently, daily car count exceeds 30,000 and is expected to increase with continued growth in the surrounding area, approaching 75,000 by 2025. The site provides optimal interconnectivity by linking Carolina Beach Road to South College Road (Highway 132), another major artery in the county, via Pine Hollow Drive extension. Additionally, Sikes Drive provides communities along Saint Andrews Drive convenient access to Belle Meade.

The site offers easy access to downtown Wilmington, Wilmington’s International Airport, New Hanover Regional Medical Center, Carolina Beach and UNC Wilmington. The potential construction of the Skyway Bridge off of River Road and Independence Drive will provide the southern portion of the county a direct link to Brunswick County and is just a few short miles away. top

Storm Drainage

Storm water drainage from Belle Meade Centre is directed to a regional storm water retention pond located next to Saint Andrews Drive. The comprehensive design of the site allows the runoff from the entire 280,000 square feet (see map) to be fully accommodated. The detention ponds for Belle Meade Centre as well as for the independent living are approved and completed. top