GROVE NINETY-EIGHT 1

H I G H W A Y 9 8 A N D C A P I T A L B O U L E V A R DW A K E F O R E S T | N O R T H C A R O L I N A

GROVE NINETY-EIGHT 2

Grove Ninety-Eight, a Wegmans anchored mixed-use development is slated to become the new Wake Forest destination for living, shopping and dining.

GROVE NINETY-EIGHT 3

L OC AT I O N

• Wegmans anchored mixed-use development fronting Highway 98 bypass just off Capital Boulevard/US 1

• Excellent access and visibility

• Ligon Mill Road will be extended to Highway 98 bypass with a future connection north to Stadium Drive in Wake Forest

Os-023

WAKE FORES

Wake

S M

ain

St

Durham

Rd

N M

ain

St

Harr is Rd

Rogers Rd

Wa it Ave

Fall s

of

Neuse

Rd

Forestville Rd

£¤1

£¤1

T

1

1

1

1

264

401

40

40

440

440

540

RALEIGH

WAKE FOREST

9898

Future Ligon MillRoad Extension

GROVE NINETY-EIGHT 4

3

1 MILE 3 MILE 5 MILE

L OC AT I O N OV E R V I E W

1 MILE 3 MILE 5 MILE

2020 ESTIMATED POPULATION 8,663 52,666 100,985

2025 PROJECTED POPULATION 9,458 57,494 110,165

2020 ESTIMATED HOUSEHOLDS 3,450 19,749 37,525

2025 PROJECTED HOUSEHOLDS 3,788 21,712 41,125

AVERAGE HH INCOME $104,162 $111,816 $124,165

MEDIAN HH INCOME $78,312 $85,384 $97,078

D E M OG R A P H I C S

GROVE NINETY-EIGHT 5

1

1

HERITAGE

WAKEFIELD

WAKEFIELD COMMONS

THE SHOPPES AT WAKEFIELD PARK

THE MARKET AT WAKE FOREST

CAPITAL PLAZA GROVE GROVE

NINETY-EIGHTNINETY-EIGHT

WAKE FOREST CROSSING

THE SHOPPES AT HERITAGE VILLAGE

GATEWAY COMMONS

Smithfield’sCHICKEN ‘N BAR-B-Q

WAKEFIELD CROSSING

CAPI

TAL

BO

ULE

VAR

DCA

PITA

L B

OU

LEVA

RD

1

FALLS

OF NEUS

E ROAD

FALLS

OF NEUS

E ROAD

98

9898

R E TA I L OV E R V I E W

SOUT

H MAIN

SOUT

H MAIN

STRE

ET

STRE

ET

ROGERS ROAD

ROGERS ROAD

FOR

ESTV

ILLE

RO

AD

FOR

ESTV

ILLE

RO

AD

HERITAGE STATION

CAPI

TAL

BOU

LEVA

RD

CAPI

TAL

BOU

LEVA

RD

LIGON MILL ROAD EXTENSIONLIGON MILL ROAD EXTENSION

GROVE NINETY-EIGHT 6

S I T E P L A N

2441274.58CONC PAD

Gx

Gx

Gx

X

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOP

STOPSTOP

STOPSTOP

STOP

STOP

STOP

STOP

VAN

VAN

VAN

VAN

VAN

STOP

STOP

0'

OVERALL SITE PLAN1" = 120'GROVE 98 PUD| 50436 | WAKE FOREST, NC | 9.23.20 60' 120'30'

FUTURE PHASE

HIGHWAY 98

HIGHWAY 98

OUTPARCEL1.1 AC

JUNIOR ANCHOR70K SF

O U T PA R C E L

1 . 1 AC

L E F T - O U TS I G N A L

L E F T - O U TS I G N A L

S I G N A L

S H O P S PAC E± 7 , 2 0 0 S FD I V I S I B L E

S H O P S PAC E± 8 , 4 0 0 S FD I V I S I B L E

S H O P S PAC E± 9 , 6 0 0 S FD I V I S I B L E

J U N I O R A N C H O R± 7 0 , 0 0 0 S F

R E TA I L

Future Ligon MillRoad Extension

P R O P O S E D R E S I D E N T I A L

M U L T I FA M I L Y | 2 3 2 U N I T S

F O R S A L E R E S I D E N T I A L | 3 9 5 U N I T S

Site plan is conceptual and subject to change.

GROVE NINETY-EIGHT 7

FLOODWAY

100 YEAR FLOODPLAIN

7931280.36MON conc.

7932283.08MON conc.

14186.25EIP

14385.16EIP stone

14484.50EIP

147100.42EIP

14896.44EIP

153-2.67EIP

16089.33REBAR

8136257.63MON conc.

5514280.35MON

8888.14R/W MON 84

88.62R/W MON

8782.74R/W MON

16693.69R/W MON

15198.57EIP

8395.38EIP nail at base

X

JURISDICTIONAL WETLANDS

JURISDICTIONAL WETLANDS

JURISDICTIONAL WETLANDS

HIGHWAY 98

HIGHWAY 98

JUNIOR ANCHOR (70K SF)

9.6K SF8,400 SF7,200 SF

BMP

BMP

BMP

COMMERCIAL PARCEL (1.14 AC)COMMERCIAL PARCEL (1.6 AC)

SITE AMENITY

OUTPARCEL (1.1 AC)

2-OVER-2(± 44 UNITS) 2-OVER-2(± 48 UNITS)

MULTI-FAMILY (232 UNITS)

0'MASTER PLAN - NWQ & NEQGROVE 98

WAKE FOREST, NC07.09.2020

1"= 80'40 80 160

N

Residential UnitsA Comm. Building SFA Parking SpacesB Parking Ratio

NWQ - Multi-Family 232 units 404 1.74 per unit

NWQ - Commercial Parcel (1.6 ac) 15.6K SF 80 5.13 per 1000 SF

NWQ - Outparcel (1.1 ac) TBD TBD TBD

NEQ - 2-over-2 Condos 92 units 184C 2.0/unit

NEQ - Junior Anchor 70K SF 401D 5.73 per 1000 SF

NEQ - Commercial Parcel (1.14 ac) 9.5-10.5K SFE 55-60E 5.3-5.7 per 1000 SF

TOTALS 324 units ± 95K SF + outparcel ±1124 spaces

A Unit counts and building square footages are preliminary and subject to change, PUD Amendment of 1.6 spaces/unit pending (1.8 req.)B Parking space counts do not yet incorporate ADA-accessible spaces or all service/trash recycling locationsC Two (2) parking spaces integrated into each unit (includes driveway), count does not include guest spaces (final locations TBD) D Junior Anchor parking count includes 371 off-street lot spaces and 30 on-street parallel spacesE NEQ Commercial parcel final layout TBD, estimate range based off of preliminary test fit

SITE DATA TABLE

ColeJenest& Stone G R OV E 98 | 5 04 3 6 . 0 0 | WA K E F O R E ST, N C | 07. 0 8 . 20 20

P R E L I M I N A RY M AST E R P L A N ( N W Q / N E Q )1 ” = 8 0 ’

S I T E P L A N | N O R T H W E S T Q UA D R A N T | S H O P S PAC E A N D O U T PA R C E L

O U T PA R C E L

1 . 1 AC

FLOODWAY

100 YEAR FLOODPLAIN

7931280.36MON conc.

7932283.08MON conc.

14186.25EIP

14385.16EIP stone

14484.50EIP

147100.42EIP

14896.44EIP

153-2.67EIP

16089.33REBAR

8136257.63MON conc.

5514280.35MON

8888.14R/W MON 84

88.62R/W MON

8782.74R/W MON

16693.69R/W MON

15198.57EIP

8395.38EIP nail at base

X

JURISDICTIONAL WETLANDS

JURISDICTIONAL WETLANDS

JURISDICTIONAL WETLANDS

HIGHWAY 98

HIGHWAY 98

JUNIOR ANCHOR (70K SF)

9.6K SF8,400 SF7,200 SF

BMP

BMP

BMP

COMMERCIAL PARCEL (1.14 AC)COMMERCIAL PARCEL (1.6 AC)

SITE AMENITY

OUTPARCEL (1.1 AC)

2-OVER-2(± 44 UNITS) 2-OVER-2(± 48 UNITS)

MULTI-FAMILY (232 UNITS)

0'MASTER PLAN - NWQ & NEQGROVE 98

WAKE FOREST, NC07.09.2020

1"= 80'40 80 160

N

Residential UnitsA Comm. Building SFA Parking SpacesB Parking Ratio

NWQ - Multi-Family 232 units 404 1.74 per unit

NWQ - Commercial Parcel (1.6 ac) 15.6K SF 80 5.13 per 1000 SF

NWQ - Outparcel (1.1 ac) TBD TBD TBD

NEQ - 2-over-2 Condos 92 units 184C 2.0/unit

NEQ - Junior Anchor 70K SF 401D 5.73 per 1000 SF

NEQ - Commercial Parcel (1.14 ac) 9.5-10.5K SFE 55-60E 5.3-5.7 per 1000 SF

TOTALS 324 units ± 95K SF + outparcel ±1124 spaces

A Unit counts and building square footages are preliminary and subject to change, PUD Amendment of 1.6 spaces/unit pending (1.8 req.)B Parking space counts do not yet incorporate ADA-accessible spaces or all service/trash recycling locationsC Two (2) parking spaces integrated into each unit (includes driveway), count does not include guest spaces (final locations TBD) D Junior Anchor parking count includes 371 off-street lot spaces and 30 on-street parallel spacesE NEQ Commercial parcel final layout TBD, estimate range based off of preliminary test fit

SITE DATA TABLE

ColeJenest& Stone G R OV E 98 | 5 04 3 6 . 0 0 | WA K E F O R E ST, N C | 07. 0 8 . 20 20

P R E L I M I N A RY M AST E R P L A N ( N W Q / N E Q )1 ” = 8 0 ’

S H O P S PAC E± 7 , 2 0 0 S FD I V I S I B L E

S H O P S PAC E± 8 , 4 0 0 S FD I V I S I B L E

98

R E TA I L

M U L T I FA M I L Y | 2 3 2 U N I T S

Site plan is conceptual and subject to change.

GROVE NINETY-EIGHT 8

S I T E P L A N | N O R T H E A S T Q UA D R A N T | S H O P S PAC E A N D J U N I O R A N C H O R

FLOODWAY

100 YEAR FLOODPLAIN

7931280.36MON conc.

7932283.08MON conc.

14186.25EIP

14385.16EIP stone

14484.50EIP

147100.42EIP

14896.44EIP

153-2.67EIP

16089.33REBAR

8136257.63MON conc.

5514280.35MON

8888.14R/W MON 84

88.62R/W MON

8782.74R/W MON

16693.69R/W MON

15198.57EIP

8395.38EIP nail at base

X

JURISDICTIONAL WETLANDS

JURISDICTIONAL WETLANDS

JURISDICTIONAL WETLANDS

HIGHWAY 98

HIGHWAY 98

JUNIOR ANCHOR (70K SF)

9.6K SF8,400 SF7,200 SF

BMP

BMP

BMP

COMMERCIAL PARCEL (1.14 AC)COMMERCIAL PARCEL (1.6 AC)

SITE AMENITY

OUTPARCEL (1.1 AC)

2-OVER-2(± 44 UNITS) 2-OVER-2(± 48 UNITS)

MULTI-FAMILY (232 UNITS)

0'MASTER PLAN - NWQ & NEQGROVE 98

WAKE FOREST, NC07.09.2020

1"= 80'40 80 160

N

Residential UnitsA Comm. Building SFA Parking SpacesB Parking Ratio

NWQ - Multi-Family 232 units 404 1.74 per unit

NWQ - Commercial Parcel (1.6 ac) 15.6K SF 80 5.13 per 1000 SF

NWQ - Outparcel (1.1 ac) TBD TBD TBD

NEQ - 2-over-2 Condos 92 units 184C 2.0/unit

NEQ - Junior Anchor 70K SF 401D 5.73 per 1000 SF

NEQ - Commercial Parcel (1.14 ac) 9.5-10.5K SFE 55-60E 5.3-5.7 per 1000 SF

TOTALS 324 units ± 95K SF + outparcel ±1124 spaces

A Unit counts and building square footages are preliminary and subject to change, PUD Amendment of 1.6 spaces/unit pending (1.8 req.)B Parking space counts do not yet incorporate ADA-accessible spaces or all service/trash recycling locationsC Two (2) parking spaces integrated into each unit (includes driveway), count does not include guest spaces (final locations TBD) D Junior Anchor parking count includes 371 off-street lot spaces and 30 on-street parallel spacesE NEQ Commercial parcel final layout TBD, estimate range based off of preliminary test fit

SITE DATA TABLE

ColeJenest& Stone G R OV E 98 | 5 04 3 6 . 0 0 | WA K E F O R E ST, N C | 07. 0 8 . 20 20

P R E L I M I N A RY M AST E R P L A N ( N W Q / N E Q )1 ” = 8 0 ’

S H O P S PAC E± 9 , 6 0 0 S FD I V I S I B L E

J U N I O R A N C H O R± 7 0 , 0 0 0 S F

2 - OV E R - 2 CO N DO S

Site plan is conceptual and subject to change.

COMMERCIAL PARCEL1.14 AC

ALSO AVAILABLE AS OUTPARCEL

R E TA I L

L E F T - O U TS I G N A L

GROVE NINETY-EIGHT 9

FOR MORE INFORMATION, PLEASE CONTACT:

JULIE AUGUSTYNSenior Vice Presidentjulie.augustyn@foundrycommercial.com919.576.2694

ROSS DIACHENKOSenior Associateross.diachenko@foundrycommercial.com919.576.2683

JAMES MATTOXPrincipal, Retail Servicesjames.mattox@foundrycommercial.com919.576.2696