Greensboro is growing at warp speed. The value of construction in 2021 was the highest in a decade, with $817 million in construction approved via building permits, according to the city’s annual Growth and Development Trends report. What’s more, 30,000 new residents have put down roots in Greensboro over the ten years. 

The Greensboro City Council recently annexed more than 300 acres on the far eastern edge of town for developers to build up to 1,100 single-family and townhouses in an area around McConnell Road, south of Interstate 85 near where Publix plans to add a distribution center.

On the corner of East Market Street will be a new mixed-use development called The Resurgent. The $60 million project will provide housing for students at North Carolina A&T University and for professionals in the area, as well as retail stores and office space.

While city leaders welcome the residential and commercial growth, they take note of the challenges to preserve the character of its neighborhoods and ensure the development of more affordable housing. “Local elected officials have a special responsibility to protect our citizens and their quality of life. They look to us to ensure their neighborhoods, and the places where they work, play and raise their families are safe and well-served. This requires us to strike a complicated balance between growth and protecting existing communities,” said Greensboro Mayor Nancy Vaughan in an interview with WRAL. “These are usually local questions that are best served by collaborative processes deeply rooted in our local governments.”

If you’re interested in purchasing a home or refinancing your current home in Winston-Salem or the surrounding areas, give us a call! We can discuss your financial goals and discuss a loan program that might be right for you.