New development projects in downtown Greensboro taking shape in 2015

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GREENSBORO, N.C. -- Greensboro city officials say big changes are coming to downtown in 2015. The most recent project includes a new hotel at South Greene Street at West McGee Street.

Jay Patel with CN Hotels confirmed the company closed a deal to build a hotel on the property, but he declined to give details about the project.

The hotel is one of several major projects that will take shape in the new year.

“When you think of Greensboro in 2015, I would call it a transformative year. You're going to have the Tanger Performing Arts Center, Carroll Companies with a $50 million project, Union Square on the South End, which is a $30+ million project,” said Matheny.

There’s also LeBauer Park, which is a $10 million project that broke ground in November, as well as a new brewery and restaurant opening on Battleground Avenue in the new year.

Matheny says this is the biggest development boom downtown has seen in decades.

“We've come out of the recession. We've come out of bad times. Banks have opened up,” said Matheny.

More people are living downtown too, which is why developers are investing a lot of new money in residential, retail and recreation projects. Now, Matheny says the city has to do its part to make sure this trend continues.

“We've got all this terrific quality of life, we've got terrific infrastructure. Now we've got to make sure people have jobs so they stay and come to Greensboro. That's what I think we'll be focused on in 2015,” said Matheny.

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