Garner Economic Development Annual Report 2022 - Page 4

RARE OPPORTUNITY FOR UNIQUE MIXED USE PROJECT
GARNER BUSINESS RECRUITMENT SEES

HUGE GROWTH IN PROJECT INTEREST

This year saw an explosion in project activity . Requests for information ( RFIs ) from companies looking in the area nearly doubled from FY21 . This incredible increase was led by the advanced manufacturing sector , in particular the electric vehicle / battery industry .
This should not be a total surprise . North Carolina had a banner year with winning the Toyota Battery and VinFast projects . These two major announcements no doubt played a significant role in bringing more attention to the state for electric vehicle opportunities .
E-DISTRICT ANNOUNCEMENT

RARE OPPORTUNITY FOR UNIQUE MIXED USE PROJECT

In the spring of 2022 , Wycliff Development announced that 225 acres at the White Oak Rd . and Hwy 70 intersection would be developed into a medical-anchored mixed-use district called E-District .
The developer , Grady Matthews , is leading the charge in helping bring this marquee development , including a wide variety of residential , shopping , medical , and employment opportunities , to the Garner community . In the E-District announcement , Matthews stated , “ We have begun conversations with the Town of Garner and are committed to bringing a highquality mixed-use district to the region that celebrates wellness , innovation and connection .”
A project of this size and complexity will take years to reach its full buildout . This will be an exciting project to watch as it brings an urban , mixed-use style of development to Garner that has not been seen on this scale before .
This is a rare opportunity to develop one of the last remaining sites of its size and significance in one of the hottest real estate markets in the country . We are currently in the exploratory phase and carefully evaluating the highest and best uses that will add value to Wake County .
GRADY MATTHEWS
WYCLIFF DEVELOPMENT