The $120 million Carolina Square mixed-use development will comprise three buildings and a small lawn, which could host public events. The development spans more than 200,000 square feet of office, retail and residential space in total, according to Northwood Ravin’s website.
In addition to Target, the development will feature 246 studio apartment units ranging from $1000 to $3000 in monthly rent.
“We’re kicking off residential marketing this summer,” Furman said. “You’ll see us have a presence in and around campus. We’ve got the team ready, we’ll hit the ground running.”
The construction of Carolina Square is about 40 percent complete, Furman said. Some restaurants, including a Pieology pizza joint and b.good, a source for health-conscious fast food, have already signed leases, with an additional eight storefront leases expected.
In total, the development will have more than 800 parking spaces, 30 designated with the red Target Bullseye and 650 total retail and office parking spaces. Furman said some parking will be free and publicly available on evenings and weekends.
UNC’s Carolina Population Center and Gillings School of Global Public Health have leased 62,000 square feet of office space at Carolina Square, Furman said.
Local artists, musicians and performers will have access to the development’s $5 million Carolina Performing Arts innovation lab and studio and theater space, which will also offer events and activities for students and community members.
Furman said so far, construction is on schedule.
“All that is going according to plan,” he said.