University Park: A choice for families, just over the bridge

By on August 10, 2017

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University Park is in Powell’s Point.

While the proposed units at Run Hill, which we covered last month, are targeted to a niche market seeking “affordable luxury,” another developer is taking a different tack with what he calls market-priced housing not far across the Wright Memorial Bridge.

Second of two parts

Norman Bibeau, president and CEO of Elan Vacations, said he wanted to build a family community and he chose the name, University Park Townhomes, to honor his father.

The units are tucked away behind Elan’s main office at 8648 Caratoke Highway in Powell’s Point.

Bibeau began work on the project last year and 15 townhouses have been built and rented already.

There’s no shortage of discussion about the dearth of housing alternatives along the Outer Banks. The area lacks choices that feed a healthy economy and help sustain a work and retirement population in need of alternatives to home ownership.

We rely too much on buying or renting detached single-family homes. In short supply are condos, townhouses, cluster homes and, most of all, apartments.

They can be designed to suit blue collar workers, young professionals, retirees all along the income spectrum, and folks who simply don’t want to own a home anymore.

Two multi-family projects are under way in Dare and Currituck counties, the first such projects in a very long time.

The first part of our series focused on the Run Hill apartments in Kill Devil Devil Hills. This time we’re heading across the bridge to Currituck County.

In 1961, Bibeau’s father attempted to build a 140-lot development that crossed the borders of Swansea and Somerset, Mass. The project was to be called University Park.

In a story that should be familiar to 21st century Outer Bankers, one town had a sewerage system, while the other used individual septic. The two communities could not come together, and so the project, which the senior Bibeau envisioned as a middle-class neighborhood with rolling terrain and cul de sacs, was never built.

Bibeau is hoping to honor his father by providing needed housing options for similarly situation residents in 2017.

As he explains, “When this property came up for sale after foreclosure, we were able to purchase it. It is a large tract of land and the best uses were not for townhomes. It could have been commercial or even something like the new $46 million waterpark.”

Bibeau wanted to consolidate Elan’s offices and warehouses into one location, and that project constituted Phase 1 of development.

Elan is primarily a vacation rental management company but also engages in real estate sales and other forms of development.

“After we got the office and warehouse up, just from reading in local media, we knew there was a need for more housing options. So we decided this project wasn’t going to be ‘all about the money.’ We wanted to do something to help expand the inventory of ‘market priced housing.’ We’ve been planning this for over five years,” Bibeau said.

The result was the construction of the first 15 townhouses. The units are legally deeded as townhouses rather than apartments, although he has no intention to ever sell them as individual units.

Norman T. Bibeau, Sr. (second from left) was the developer for the first University Park project in 1961. That project failed, but his son appears to have a market pleaser with the University Park Townhomes in Powells Pont.

Each unit contains three bedrooms, 2½ baths, a private patio and high-end appliances, including a microwave and refrigerator. A washer and dryer are also included.

In the great room, surround-sound speakers are recessed into the ceilings and each home is wired for the highest speed internet available in lower Currituck.

Two parking spaces are provided for each unit.

Unfurnished townhouses run $1,500 a month, while a furnished unit prices out at $2,000 a month.

The grounds include a clubhouse and swimming pool, basketball courts, a playground and a pet walk.

All of the units are currently rented and Bibeau said the renters fit the exact niche markets he was seeking.

“We have families with children, including one family of four. These are people who are not ready to buy a home at this time. Some have ‘split’ work destinations, with one spouse working on the beach and other in Elizabeth City,” he said.

Others are temporary renters; some on temporary work assignments, while others are in the process of purchasing or building a new house.

And a few more have come because they wish to downsize or no longer own and maintain a home; retirees fit into this category.

A well-appointed kitchen comes in every townhome.

Carolyn Hickock, Elan’s broker/Realtor noted that the townhomes are extremely private, with six layers of walls and insulation between each unit.

So far, Hickcock said,no unit has had an electric bill over $100, which she believes in an indication of how well constructed and insulated they are.

And for those who are interested, tenants have not had real issues with the Saturday traffic.

“Most have adapted their schedules to it and in reality, we’re talking maybe six to eight days a year and not all day on any of those crowded Saturdays.

Presently, six more units are well under way and plans are to make them available in September, while another six just under way should be ready by late November or early December.

Bibeau said if those units rent out, another 12 units can be added to Phase 2, and there is still room for 39 more units to be added in Phase 3, for a total of 78 townhomes.

All of the units will follow the same 3-bedroom, 2 ½ bath floor plan.

All of which makes Bibeau, who loves to don a postman’s cap, hop in his golf cart and deliver mail that winds up at the main office to tenants, a very proud developer.

“I’m honoring my father’s legacy and we’re filling a need for housing not available on the Outer Banks at present,” he said.

We think Norman Bibeau Sr. would approve.

And given the sold-out status of the first round of offerings, the market agrees with the marketplace pricing also.

More information can be found at: www.elanvacations.com/townhome-rentals


BIDDER PRE-QUALIFICATION REQUEST:

Barnhill Building Group has been selected as the Construction Manager @ Risk by the College of the Albemarle and is seeking to pre-qualify construction trade contractors to submit bids for the furnishing labor, materials, equipment, and tools for the new College of The Albemarle – Allied Health Sciences Simulation Lab (COA Health Sciences) located in Elizabeth City, NC. Please note: Only subcontractors who have been prequalified by Barnhill will be able to submit a Bid.

The project consists of the new construction of a 38,000-sf, 2-story expansion to the existing Owens Health Sciences Center and will house classrooms, labs, and a simulation lab. The site is just over just over 4.5 acres and is located on an active campus. This new construction will be a steel structure with a brick and metal panel veneer, curtainwall, and storefront glazing with a PVC roof membrane.

Principal trade and specialty contractors are solicited for the following Bid Packages:

BP0100: General Trades

BP0105: Final Cleaning

BP0390: Turnkey Concrete

BP0400: Turnkey Masonry

BP0500: Structural Steel & Misc. Steel

BP0740: Roofing

BP0750: Metal Panels

BP0790: Caulking / Caulking

BP0800: Turnkey Doors/Frames/Hardware

BP0840: Glass & Glazing

BP0925: Drywall

BP0960: Resilient Flooring

BP0980: Acoustical Ceilings

BP0990: Painting & Wallcovering

BP1005: Toilet Specialties / Accessories / Division 10

BP1010: Signage

BP1098: Demountable Partitions

BP1230: Finish Carpentry and Casework

BP1250: Window Treatment

BP1400: Elevators

BP2100: Fire Protection

BP2200: Plumbing

BP2300: HVAC

BP2600: Turnkey Electrical

BP3100: Turnkey Sitework

BP3290: Landscaping

Packages may be added and/or deleted at the discretion of the Construction Manager. Historically underutilized business firms are encouraged to complete participation submittals.

HUB/MWBE OUTREACH MEETING: Barnhill Building Group will be conducting a HUB/MWBE Informational Session. You are encouraged to attend the following session to learn more about project participation opportunities available to you. These seminars will help to: Learn about project and scope; Inform and train Minority/HUB contractors in preparation for bidding this project; Assist in registration on the State of North Carolina Vendor link; Stimulate opportunities for Networking with other firms. Location and time TBD. Please visit our planroom at https://app.buildingconnected.com/public/54da832ce3edb5050017438b for more information.

Interested contractors should submit their completed prequalification submittals, by July 22, 2024, to Meredith Terrell at mterrell@barnhillcontracting.com or hardcopies can be mailed to Barnhill Contracting Company PO Box 31765 Raleigh, NC 27622 (4325 Pleasant Valley Road, NC 27612).


 



Comments

  • IB

    These units appear to be beautiful but still, certainly not affordable for many Outer Banks families. These units are $500 more than my mortgage. For people with plenty of money though, they seems like a good alternative to buying.

    Thursday, Aug 10 @ 11:21 am
  • Frankly

    What a joke!! The people who can afford 1500.00 to 2000.00 are going to buy a house or rent a house for that kind of money. Noone would want some crappy condo in Currituck for that kind of cash. What a freaking joke!!

    Thursday, Aug 10 @ 11:51 pm
  • Darkseas

    Currituck County will rue the day they allowed townhomes with only two parking spaces and apparently no on-street parking. Three bedrooms mean family homes, and how many families have one car? If there are older children who drive, expect more than two cars per unit. It’s also reasonable to expect boats, trailers, and the like. And what happens when the residents have friends over, or have a party?

    Townhome communities need at least three spaces per unit, including those in front of the units and scattered on the streets in the development — and that may not be enough. What will likely happen here is parking on the street (not really wide enough for that, so narrowing the street to one lane or less), and on the grass/sand beside and behind the homes. Obviously the fire department didn’t have any input into this.

    If you’re going to build townhome developments, you ought to know something about them before you do.

    Friday, Aug 11 @ 1:29 am
  • MG

    Average income for Dare county is $660 per week, less for Currituck county. Affordable???

    Friday, Aug 11 @ 7:16 am
  • Brenda

    I really can’t say this is affordable housing. My pay dropped $4.00 per hour when I crossed over the state line. You cannot afford $1500 month on $600 a week paychecks.

    Monday, Aug 14 @ 10:07 am
  • Bud

    Now they want to destroy the Currituck mainland too.

    Monday, Aug 14 @ 10:36 am
  • Local Girl

    Another local company out of tune with the citizens of the Outer Banks community. These are NOT affordable…nothing about these homes are affordable. The county caters to those with money, not us peasants. People will continue to rent rooms that are considered illegal duplexes. Dare and Currituck need to get with the program. Out of tune commissioners are making decisions and they are clueless. Who votes these people into county office?

    Monday, Aug 14 @ 12:54 pm
  • Wake up

    Typical liberal attitude, it doesn’t fffeeeell right to me, so it can’t be right for anybody. They put up the money, bought the property and built the units. None of your business what they charge.
    What do you tell the poor farmers up there that want to cash out, make a few bucks and give their families a better life? Can’t pay you what you want Mr. Landowner, we’re here to make sure everyone gets $600 rent.

    Monday, Aug 14 @ 5:08 pm
  • Wake up

    A lot of people can’t afford to live at the beach. That’s why they don’t. I raised and educated my kids in Dare County. After college I told them do not come back here for a career. They listened. A whole lot more opportunity in the world than this strip of beach people.

    Monday, Aug 14 @ 5:20 pm
  • ????

    I think they said the units are “fully rented” there Frankly

    Monday, Aug 14 @ 5:25 pm
  • Patricia Merski

    We need affordable rental for the citizens on the Outer Banks, not just the tourist population…what about us….get with it folks….we live here and need affordable places to live

    Sunday, Aug 27 @ 2:13 pm