Changes in market conditions were cited as the reason for a rezoning request for the 38.15-acre Stella’s Place residential development located at 335 Grady Avenue.

The Fayetteville Planning Commission at the June 10 work session heard the request to rezone the site from R-20 PUD (Planned Unit Development) to MO (Medical Office) to accommodate 68 single-family homes for older adults, a condition allowed in MO zoning.

Planning and Zoning Director Eldridge Gunn said the homes of approximately 1,800 square feet would have minimal yard space while open space would feature walking paths and a gazebo. The developer will dedicate approximately seven acres on the northwest portion of the site to the city for use as a park, Gunn said.

City planning staff recommended approval of the request, stating that the property is located within the Main Street Overlay District and its proximity to the downtown area will aid in creating the critical mass needed to support downtown investments.

The dedication of the seven acres to the city for park space enables the city to increase our inventory of greenspace for citizens, said Gunn, adding that the proposed MO zoning is compatible with both the future land use map and the existing uses in the area.

The development was granted rezoning from R-30 (Single-Family Residential) to a PUD designation by the city council in January 2007.

Also at the meeting, commissioners heard a request from Branch Banking and Trust (BB&T) to construct a 4,000-square-foot bank building at 800 S. Glynn Street. The proposed building would be situated on 1.12 acres off Summit Point.

The commission’s regular session will be held June 24.

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