Cary could get up to 400 new apartments – if the town says yes

A developer wants to build up to 400 apartments in a seven-story, mixed-use project on East Chatham Street in downtown Cary, but the site’s current zoning caps buildings at 45 feet.

Developer Jeff Peterson has not filed a formal application. His team will meet with Cary’s Development Review Committee on Nov. 4 to review his plans before deciding whether to file a rezoning request, which would ultimately require Town Council approval.

Preliminary plans include 13,000 to 14,000 square feet of ground-floor retail, about 12,000 square feet of amenities and a parking deck with roughly 492 spaces, he said…

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