Ryan Companies US, Inc. says work is underway to develop the remaining 30-acre parcel of land located in Greensboro’s Pyramid Village commercial district.
The project is expected to create substantial employment opportunities for trade professionals during construction as well as opportunities in healthcare and retail once completed, while bringing much-needed residential and hospitality to this underserved area.
Ryan and Connecticut-based TH3 Partners LLC will partner to develop the site. Ryan will also manage the construction process with the support of its local partners and will partner with local architecture and engineering firms to design the project.
Situated along Highway 29 in Northeast Greensboro, the mixed-use project is expected to deliver a “transformational development” in a neighborhood that is currently experiencing new growth based through the city’s revitalization strategy for the community and metropolitan area.
“Ryan Companies believes in Greensboro and wants to invest in its future by creating transformative projects in collaboration with our local partners and the city,” said Connor Lewis, vice president of real estate development at Ryan Companies. “The Pyramid Village commercial district is a great opportunity for our team to contribute to the city’s ongoing revitalization effort.”
The project will complete Pyramid Village’s transformation into a vibrant destination with mixed-use development including healthcare, retail, multi-family, and hospitality.
“This development will present impressive offerings for retail, housing, and new jobs on the East side,” said Councilmember Goldie Wells. “We welcome this public-private partnership and the transformative impact it will have on District 2.”