Conducting a feasibility study for the 53-acre tract of land in Princeville, NC, currently under construction and designated for mixed-use development. The purpose of the study is to evaluate the viability of developing this land for a combination of residential, commercial, and recreational uses while ensuring sustainable growth and economic feasibility for the Town of Princeville. ➢ Phase 1: Preliminary Assessment ● Define project goals and scope. ● Identify key stakeholders, zoning requirements, and regulatory approvals needed. ➢ Phase 2: Market Analysis ● Research industry trends and market demand for residential, commercial, and recreational components. ● Assess economic impact and potential for job creation. ● Conduct demographic studies to understand target market segments. ➢ Phase 3: Technical Feasibility ● Evaluate site conditions, topography, and environmental constraints. ● Assess existing infrastructure and utilities. ● Identify necessary improvements for roads, water, sewage, and stormwater management.
