Dec 18, 2024
GREENSBORO, N.C. (WGHP) -- Greensboro is on the brink of a housing transformation with 2025 expected to bring thousands of new housing units and several major developments aimed at tackling the city’s housing crisis. The city estimates it will need 18,000 new homes and 14,000 apartment units by 2029 to meet growing demand. “This is kind of an unprecedented level of growth that we’ve had in this area,” said Mary Beth Powell, president of the Greensboro Regional Realtors Association. “If we do this right, we are going to be in the number one or number two spot in our nation.” The demand for suburban housing is driving new developments in areas like Jamestown and Summerfield. One of the largest projects is the Johnson Farms development, which is a 1,500-unit housing community off Guilford College Road. Leaders say the project will play a critical role in alleviating Greensboro’s housing shortage.  “Especially in an area like Jamestown, to see the development hit the area in such a convenient location,” Powell said. “They are going to provide the homes we need in such a popular area, and it’s really going to help the Carolina Core.” Another major project is the Villages of Summerfield Farms, which is located near the airport on recently annexed land. This development, spearheaded by David Couch, promises to blend density with green spaces and create a balanced community. “When people think about density, they think everybody’s going to be on top of each other with development,” Powell said. “But we are going to give people what they want, which is their own space and their own home.” Greensboro’s downtown is also set for a major transformation with $800 million in anticipated developments over the next few years. One of the most notable projects is the redevelopment of the cleared News & Record site. “Anytime, you couple additional housing, and you’re putting more residents in the downtown district, you’re absolutely going to see more foot traffic to all the restaurants, bars and services we have downtown,” said Rob Overman, vice president of Downtown Greensboro Incorporated.  Downtown leaders are encouraging residents to provide feedback on the city’s future.
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