Settlers Ridge - Planning and Development

Planning and Development

In 2006, following the completion of the Ridge Road interchange off of the Parkway West (U.S. Route 22/30), developers CBL & Associates Properties, Inc. and Faison Enterprises, Inc., purchased about 79 acres (320,000 m2) nearby from Robinson Park Associates to develop a new lifestyle center, which was to be called Settlers Ridge.

The plans were put before the local planning commission in the fall of 2006, and approved by the Robinson commissioners in November 2006. An amended plan for the development was approved by the town commissioners in October 2007, and work began on the site soon after with construction on buildings beginning in the summer of 2008. In late 2010, CBL sold the first phase of the Settlers Ridge shopping complex to O'Connor/Real Vest Retail Holding Co. LLC of New York for $132.9 million, with an option to purchase the phase two addition from CBL at a later date. Boston-based Wilder Companies currently manages and leases the complex.

Read more about this topic:  Settlers Ridge

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