Salisbury Village
- Location
- Salisbury, Rowan County
- Type
- Mixed-Use, Multifamily
- Status
- Complete
- Completed
- 2007
The whole site was planned at once.
Apartments and outparcels drawn as one site, so residents and tenants share the same roads.
- Apartments
- Salisbury Village at Castlewood: 192 homes in three-story buildings along Emerson Lane, pool at the south end
- Outparcels
- Retail and service pads facing Jake Alexander Boulevard (US 601)
- Pad 4
- Discount Tire, bought in 2009
- Access
- Castlewood Drive and Emerson Lane, with a rear drive to the neighboring Biscuitville
The site, before and after.
Key numbers
- Apartment homes
- 192
- Concept started
- 2004
- Apartments opened
- 2007
- Retail pad land
- 12.4 acres
- Pad 4 sale, 2009
- $690K
The story
The land
Salisbury Village sits on the west side of Salisbury, off Jake Alexander Boulevard West near its intersection with Mooresville Road (NC 150). Yates Development planned it in 2004 as a mixed-use site: apartments set back on Castlewood Drive, with retail pads lined up along the boulevard. It was marketed as the first modern mixed-use development in historic Salisbury.
What was built
The residential side opened in 2007 as three-story garden apartments: 192 homes, one to three bedrooms, from about 850 to 1,443 square feet. Along Jake Alexander Boulevard, the front of the site was split into numbered outparcel pads for retail and service users, with a rear drive connecting to the neighboring Biscuitville.
How it leased
In 2009, in the middle of the recession, Discount Tire bought Pad 4 for $690,000. "We've been working with them for some time," Lane Yates told the Salisbury Post, adding that he was glad to close the sale in a challenging economy. The apartments operate today as Salisbury Village at Castlewood.
Construction timeline
Tenants and outparcels
- Discount Tire, Pad 4
Press
Salisbury Post / December 2009
Discount Tire buys Salisbury Village outparcel for $690,000