Developer Proposes Apartment Complex for Morganton Road
A Fayetteville developer unveiled plans today for a $20 million apartment complex along the north side of Morganton Road on the Van Camp family land that was targeted last year for an upscale outlet mall.
Watson Caviness, a managing partner of Caviness & Cates, showed the Southern Pines Town Council a conceptual master plan that includes The Legends at Morganton Road, which would feature 288 luxury apartments and a clubhouse with hotel-like amenities.
"We would love to break ground in the fall," Caviness said. "We already have the financing in place. We hope the town will expedite the approval process because we're excited about the project and what it brings to Southern Pines.
"I think it will be something you'll be proud to have here."
The apartment complex is located on 18 acres of the 115-acre tract, directly across Morganton from Brucewood Road. If approved, there will be 12 buildings consisting of one-, two- and three-bedroom apartments, as well as garages for rent in separate structures.
See full details in Wednesday's edition of The Pilot.
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