Sandy Point
A map of the Albemarle region
Aerial Photo of Sandy Point area
Zoom in of Sandy Point Beach
Sandy Point Farm
Sandy Point Development
FoR ENC Announces Fund for
New
Urbanism Development Project
Published: 7/11/03
Foundation of Renewal for Eastern North Carolina
Announces Fund for New Urbanism Development Project at Sandy
Point,
NC
GREENVILLE, N.C., July 11, 2003 The Foundation of
Renewal for Eastern
North Carolina (FoR ENC) announced today a consulting
and advisory partnership
for bringing a new community development project
to eastern North Carolina.
The Fund for Sandy Point, North Carolina, LLC
(a North Carolina limited liability company
and the wholly owned subsidiary of The Fund for New Urbanism, LLC)
has, with the guidance and assistance of FoR ENC, contracted for
acquisition of 927 acres on the Albemarle Sound in Chowan County, NC, known
as Sandy Point Farm.
The development will include primary and vacation housing, neighborhood
retail establishments, and areas for boating and recreation. In the coming
months, the developer will investigate commercial opportunities, including
resort and spa operators, foundations, and organizations that can leverage
the project’s facilities and natural environment for the benefit of their
clients and constituents nationally.
The Fund for New Urbanism, LLC,
is a land development company organized by principals of the architectural
and land planning firm of Duany Plater-Zyberk & Co. (“DPZ”), of Miami,
FL.
The mission of the Fund is the development of real estate projects
exemplifying New Urban practices in communities seeking alternatives to
suburban sprawl. To that end, the Fund draws on DPZ’s experience in designing
over 200 New Urban communities worldwide. The Fund works with local municipal
officials and development professionals who demonstrate the desire and
capacity for Smart Growth.
“Our evaluation of the market for a Smart Growth, mixed-use, New
Urban development at Sandy Point has been very encouraging,” said Sam Young
of the Fund for New Urbanism.
“We believe that a financially successful development at Sandy Point
will contribute positively to the future of Chowan County and, more generally,
to the renewal of eastern North Carolina. This development will complement
the exquisite, historic community of Edenton and enhance the appeal of
Chowan County and the upper Albemarle region as a travel destination.”
As developer, the Fund secures properties from landowners, retains
qualified professionals to complete Smart Growth site plans and codes,
and shepherds the planned projects through the entitlement process. The
Fund then collaborates in the further development — construction, marketing
and sales — of its approved projects.
“The response to the Fund’s development strategy has been encouraging,
especially from private real estate equity firms familiar with DPZ’s design
work,” said Mr. Young. “They recognize the value that DPZ’s experience
lends to site selection and the design process, and they have challenged
us to initiate responsible developments that meet consumer demand.”
Andres Duany, internationally acclaimed architect and principal in
Duany Plater-Zyberk, explained the role of The Foundation of Renewal for
Eastern North Carolina (FoR ENC) in the firm’s planning and evaluation
process:
“FoR ENC was instrumental in identifying and evaluating
prospective sites and partners for the Fund for New Urbanism in eastern
North Carolina. This project, the first of its kind in the country, was
introduced to the Fund for New Urbanism by Phillip Horne, President of
the Foundation of Renewal for Eastern North Carolina. The collaboration
emphasizes a novel and exciting new approach to stimulating regional entrepreneurship
and competitiveness in a global economy by focusing on building community
as a tool for attracting “knowledge workers” — those who create and grow
new businesses.
”
“This opportunity will prove to be a special one for eastern North Carolina,
in that it highlights the opportunities to showcase the region’s natural
assets as a competitive advantage in growing a vibrant small business and
entrepreneurship culture,” said Phillip Horne. “Job creation and traditional
economic development strategies can be enhanced by the degree to which
eastern North Carolina is perceived and functions as a working laboratory
for progressive ideas about land use planning in non-urban environments.
Every major metropolitan region that ranks highest in its ability to attract
and retain knowledge workers is also able to tout its access to amenities
and the environment—particularly natural, recreational, and lifestyle amenities—trademark
assets of eastern North Carolina.”
The Foundation of Renewal for Eastern North Carolina has as its mission
to address the issues and findings that emerged in discussions between
and among a cross-section of business, civic, county, state government
and economic development leaders, and education, healthcare, and tourism
professionals across eastern North Carolina.
Phillip Horne is President of the Foundation of Renewal for Eastern North
Carolina
Sandy Point Development
The Foundation of Renewal for Eastern North Carolina
Confirms That Hurricane Isabel Has Not Halted Progress in Eastern
North Carolina:
Public Workshops in Edenton
for Sandy Point Development Project Proceed As Scheduled
GREENVILLE, N.C., September 30, 2003 The Foundation of Renewal
for Eastern North Carolina (FoR ENC) and The Fund for Sandy Point North
Carolina announced today that their consulting and advisory partnership
will host a public workshop (“charrette”) on the new community development
project planned for eastern North Carolina. The Sandy Point charrette is
scheduled for October 6 through 13, 2003, and will be held in Chowan County,
North Carolina, in and around the town of Edenton. The charrette is open
to the public.
The Sandy Point charrette will convene as planned, despite the ongoing
cleanup in Edenton following Hurricane Isabel. Sam Young, President of
The Fund for Sandy Point, consulted with town and county managers before
making the decision to proceed. “Hurricane Isabel gave Edenton and Chowan
County a blow that will not soon be forgotten,” Mr. Young stated. “But
the community has pulled together remarkably. While the immediate focus
will be on recovery efforts, community leaders recognize that planning
for the future must go forward.”
Phillip Horne, President of the Foundation of Renewal for Eastern
North Carolina, said, “We could not convene the Sandy Point charrette without
the active support of local leaders. It is our belief that forward movement
on the project will be a sign of hope and send a signal to the people of
Edenton and Chowan County that their future will be even brighter.”
The Fund for Sandy Point North Carolina, LLC (a North Carolina limited
liability company and the wholly owned subsidiary of The Fund for New Urbanism,
LLC) is acquiring the tract, known as Sandy Point, with the guidance and
assistance of FoR ENC. Sandy Point is a 927-acre tract abutting the north
shore of Albemarle Sound, eight miles east of Edenton, North Carolina.
The Sandy Point development will include primary and vacation housing,
neighborhood retail establishments, and areas for boating and recreation.
The Sandy Point charrette will include presentations on residential,
commercial and recreational design and development options. In addition,
the charrette will feature discussions on public works, infrastructure
and transportation requirements. Public sessions are scheduled throughout
the charrette period to maximize the opportunity for participation by the
region’s citizens. In addition to architects and developers representing
the project leaders, state and local government officials will be in attendance,
as will the Executive Board of Directors of the Foundation of Renewal for
Eastern North Carolina.
The Fund for New Urbanism, LLC, is a land development company organized
around the architectural and land planning firm of Duany Plater-Zyberk
& Co. (“DPZ”), of Miami, Florida. The mission of the Fund is the development
of real estate projects exemplifying New Urban practices in communities
seeking alternatives to suburban sprawl.
“Our evaluation of the market for a Smart Growth, mixed-use New Urban
development at Sandy Point has been very encouraging,” said Mr. Young.
“A successful development at Sandy Point will contribute positively to
the economic and cultural future of Chowan County and, certainly, to the
renewal of eastern North Carolina. The Sandy Point development will complement
the exquisite, historic community of Edenton and enhance the appeal of
Chowan County and the upper Albemarle region as a travel destination.”
“FoR ENC was instrumental in identifying and evaluating prospective
sites and partners for the Fund for New Urbanism in eastern North Carolina,”
said Andres Duany, architect and founding principal of Duany Plater-Zyberk.
“Our friend Alan Talansky, a recent Miami transplant to eastern Carolina,
identified FoR ENC,” continued Sam Young. “He assured us—and we have found—that
FoR ENC has the vision and entrepreneurial spirit to make things happen.
The collaboration between the Fund for New Urbanism and FoR ENC emphasizes
a novel and exciting approach for stimulating regional entrepreneurship.
Our community in Chowan County will become a tool in the hands of FoR ENC
to attract ‘knowledge workers,’ those who create and grow new businesses.”
“The Sandy Point project will prove that job creation and traditional
economic development strategies are enhanced by the application of progressive
ideas about land use planning in non-urban environments,” stated Phillip
Horne. “Every region that ranks high in its ability to attract and retain
knowledge workers also ranks high in access to amenities—natural, recreational
and lifestyle amenities—that are the trademark assets of eastern North
Carolina.”
“Edenton and Chowan County were among the eastern North Carolina
communities affected by Hurricane Isabel,” Mr. Horne continued. “It is,
therefore, of even greater importance that the Sandy Point development
project continue at this time, as the town, county and the region at large
have a fresh need for a broad, far-reaching, positive impact to their economies.
We encourage you to visit the following links of interest related to this site:
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Current Conditions in Edenton:
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Wind: from the SW (220 degrees) at 9 MPH (8 KT)
Visibility: 10 mile(s)
Sky conditions: clear
Temperature: 64 F (18 C)
Dew Point: 50 F (10 C)
Relative Humidity: 59%
Pressure (altimeter): 30.07 in. Hg (1018 hPa)
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