Just got to write up today's meeting on Glen Lennox -- twice. First a short story for tomorrow's N&O and then a longer piece for Wednesday's CH News. (Trick is making that second one fresh by the time you read it; tell me how I did on Wednesday.)
Anyway, it's an interesting story. Grubb told residents his company needs to redevelop to make money. He said they spend $100,000 marketing the half-century old cottages. In other words, despite the love many Chapel Hillians have for them, they're not first, or second or third, on most renters' lists. At least not until recently. It's only with the recession, Grubb said, that occupancy has reached the mid-90 percent level.
He's an interesting guy. Skinny and talks about his mom a lot (how she would have opposed that first redevelopment plan, the one with three parking decks and a high-rise hotel). He listened patiently for two hours and then stayed to talk with everyone who came up to him afterward. He freely admits the company blew it the first time around.
And for now anyway, he's in no rush. The recession has slowed the development business and given him time to think about Glen Lennox he says he didn't have a year and a half ago. And he says it's a two way street from here out. If he can redevelop part of the property, he thinks he can preserve the affordable housing on other parts.
"Glen Lennox has a heart and soul," he says. "[But] we can't preserve it the way it is."