July 13, 2005
Family's planning sets farm's future

Vision helped them keep control

DOUG SMITH

The
Next Big Thing
Concord
's booming residential growth will consume
much of the roughly 400-acre Christenbury farm, owned by the same family
since about 1875.
But this isn't a
typical case of urbanization running helter-skelter over rural life.
Concord's next big
thing -- a 255-acre community named Christenbury -- is a cooperative
effort, conceived in part by the owners of the land, supported by city
leaders and embraced by two residential developers from Charlotte.
Family members
commissioned a land planner in 2000 to give them a vision of how to
transform their acreage off
Derita Road
, roughly between the Highland Creek residential development and
Concord
Regional
Airport
.
"We knew
Northlake mall and Interstate 485 were coming, and the growth around
Concord Mills, Highland Creek and Lowe's Motor Speedway was changing the
whole character of this area," said Ken Christenbury, who runs
Christenbury Farms Corp.
The corporation was
another example of the family's foresight.
"When my father
was head of the corporation close to 30 years ago, he decided it would be
better to give away shares to the family rather than break up the
land," Christenbury said. Today, the corporation has about 30 family
shareholders, he said.
Family members
received nearly a dozen offers, but Christenbury said they were determined
to attract a sensitive development of mid- to upper-end homes that would
save much of the farm's wooded landscape.
Enter Ray Killian Jr.
of Killian-Simonini LLC and Tom Waters of Provident Development Group.
To illustrate what
they had in mind, Killian showed the Christenburys Heydon Hall, a gated
community in south
Charlotte
where Simonini Builders' houses sell for $500,000 to $1.5 million.
"They wanted to
do a nicer community, not one of those mass developments -- that's why we
chose them," Christenbury said. "Other people offered us more
money, but they wouldn't commit to the type of development we
wanted."
About 37 percent of
the acreage in Christenbury is to be preserved for nature trails, parkland
and a greenway along Clarks Creek.
Killian-Simonini LLC
and Provident Development Group acquired 217 acres from Christenbury
Farms, plus three other parcels, including a 17-acre commercial tract.
They paid an average of about $45,000 an acre for the 255-acre site.
The developers plan a
$300 million community of about 470 homes in four villages, plus a
135,000-square-foot neighborhood shopping center anchored by a grocery
store.
They expect to start
work within 45 days and complete the first houses by next summer.
The first village
will be a gated enclave of 117 houses priced from about $500,000 to about
$900,000. Simonini Builders will build on 80 percent of the village's
lots, and Provident Homes on about 20 percent.
Killian said they
plan to name it Christenbury Hall to reinforce the national award-winning
Heydon Hall luxury-home brand.
Christenbury's
development plan won
Concord
's support at a time when the city and
Cabarrus
County
are trying to slow rapid residential growth.
Cabarrus issued 2,022
building permits last year, up 10 percent from 2003. In June, the county
lifted a six-month moratorium on new subdivisions.
Both
Concord
and Cabarrus have revised development guidelines to make subdivisions less
dense, alleviating enrollment pressure on schools and encouraging more
high-end homes on larger lots.
Elected officials
believe expensive homes like those planned in Christenbury will help
offset a surge in demand for lower-cost homes and generate higher property
tax revenues.
The Concord City
Council approved annexing and rezoning the Christenbury acreage in
February. Also, the city will provide water and sewer service.
"You get what
you expect," said Concord Mayor Scott Padgett. "If we set our
standards higher, we will get better quality development -- these
gentlemen recognized that ... That's what they wanted to do."
Christenbury's gated
community -- a first for
Concord
-- is ahead of the city's policy on such housing, which is awaiting final
approval by the council.
Having upper end
homes so close to Lowe's Motor Speedway,
Concord
Regional
Airport
and a large concentration of NASCAR racing teams could precipitate more
corporate office development in the area, Padgett said.
Christenbury Farms is
prepared for that, too.
Its master plan
envisions that the family's remaining 200 acres of farmland likely will be
developed as mixed-use with substantial office and commercial space.
How quickly that
occurs will be up to the Christenburys and when they decide to sell, the
mayor said.
Said Ken Christenbury:
"We do have some land ... under contract ... we haven't seen a plan,
but we've been told they're talking about a Target, a CVS and a Lowes
Foods."
Christenbury Parkway
The N.C. Department
of Transportation and property owners are cooperating to build
Christenbury Parkway
-- the main entrance to the new community.
The parkway -- an
extension of
Concord Mills Boulevard
beyond
Derita Road
-- will give neighboring Highland Creek residents easier access to
Interstate 85.
That project is one
of several planned improvements to the transportation network around
Christenbury and Highland Creek. Doug
Smith
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