CARY – The oft-discussed Maplewood School property will be discussed – again – at a Nov. 7 meeting.
The Cary Village Board is set to hear another presentation from developer Patrick Taylor, who wants to transform the 15-acre site on Krenz Avenue into apartments and townhomes, as part of a Committee of the Whole meeting that will follow the regular board meeting that evening.
Taylor’s desire for dense housing near the Metra line has been met with opposition from nearly every resident in the area of the Maplewood property, a Cary School District 26 facility that closed in 2010 because of declining enrollment. Almost every resident and trustee who spoke at past meetings wants the future use of the property to stay consistent with the neighborhood’s single-family roots.
Several asked for only single-family homes to be built there.
Village officials also have expressed hopes of getting the property off the school district’s tax rolls and turned into a tax-generating parcel for the village.
Taylor has a $2.5 million purchase agreement with District 26 for the property. The school board approved an extension last week of the “feasibility period” of the contract, which allows Taylor to continue working with the village on his proposal.
Whether Taylor officially buys the property, and whether the district collects $2.5 million, hinges largely on how well his final proposal satisfies Cary residents and trustees.
Taylor’s last proposal called for 328 living units, most of which would have been in four-story apartment buildings. He pitched a concept plan of 250 multifamily units and 78 attached single-family units.
Residents and trustees said the proposal was far too dense, and the buildings were too high. Trustees directed him to come back with a less dense design and with more single-family homes.
Taylor said at the Oct. 3 meeting that there is a minimum amount of apartments the property would need to have for it to be a beneficial investment for him, but he did not say exactly how many.
Taylor said two townhome variations could fetch between $275,000 and $350,000.
Some residents also are concerned about past flooding on the school property and how a dense housing development might affect the area.