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Fuquay-Varina OKs $1.9M for ‘Transformational’ Downtown Project

June 21, 2017

The town has approved $1.9 million to kickstart a project downtown, where Fuquay-Varina leaders hope a developer will build storefronts and apartments. Most of the money – $1.5 million – would go toward a new parking deck in the middle of the project at Academy and Main streets. Another $400,000 would be used to build a new street, tentatively known as the Jones Avenue Extension, to divide the block bounded by Fuquay Avenue, Main Street, Academy Street and Jones Street. Consultants have said it’s important to create another retail corner along Main Street. Fuquay-Varina wants a private developer to invest $48 million in a mixed-use project, which would be the first of its kind in downtown Fuquay-Varina. The area is becoming increasingly well-known for its restaurants and breweries but remains pockmarked by empty or underused lots. The town hired DFI, which is run by the UNC School of Government and offers consulting services, to help with the downtown project.

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