Though 140 West Franklin has shut down parts of Franklin Street, its effect on nearby businesses has been minimized as construction continues.
Construction for the 140 West project began in January 2011. The development — which will add 140 condominiums, 337 parking spaces and new retail space to Franklin Street — is expected to finish in April 2013.
An effort by the town to increase parking in downtown Chapel Hill helped businesses, such as West Franklin Street restaurant Lime & Basil, to recoup foot traffic lost by the construction.
Tuan Le, managing member of Lime & Basil, said his business saw a decrease in sales last year, right after construction began.
“People didn’t have a place to park,” he said. “It was an inconvenience for customers, so they stopped coming in.”
But now, Le said, thanks to additional parking, his business is back to how it was before construction started.
Aveda Institute Chapel Hill, the closest store to the 140 West construction, declined to comment.
Several other restaurants and businesses surrounding the 140 West construction could not be reached for comment.
When the 140 West building project replaced a town-owned parking lot in January 2011, downtown parking became a concern for residents and UNC students.