Bidder for former Sentara site in Kitty Hawk cuts offer by $1M, new bidder surfaces

By on July 14, 2022

(Photo credit: Town of Kitty Hawk)

The Charlotte housing developer that had offered $4.5 million for the former Sentara Medical Center in Kitty Hawk owned by Pasquotank County has dropped that offer to $3.5 million, according to Pasquotank County Attorney Mike Cox.

In a Voice interview, Cox also noted that another, and currently unidentified prospective buyer, has displayed interest in purchasing that property for $4 million.

The initial $4.5 million proposal came from DPJ Residential and called for at least 225 market-rate units to be built on the six-acre site. Cox said that Pasquotank County has subsequently been informed by DPJ that it was cutting its offer by $1 million after finding some issues that would have reduced the density of the project.

At its July 12 meeting, the Pasquotank County Commissioners took a small step forward in the process by approving an appraisal of the former Sentara property, and Cox noted that county officials are discussing whether to wait for the appraisal to be completed before bringing the new $4 million offer to the commissioners.

The Town of Kitty Hawk itself had submitted a $2.7 million bid to Pasquotank for the Sentara property, an effort that apparently fell short. When interviewed last month, Kitty Hawk Town Manager Andy Steward said the DPJ “offer on the table would require a zoning change,” adding that the town and its residents would “have a voice” concerning such a zoning change.

Kitty Hawk also released a statement at that time indicating that if town bought the site, one potential use would be a new police station, something that “could be a savings to the taxpayers and be a more expedient option,” for the town’s new public safety facility.


SEE AlSO: Pasquotank County gets $4.5M offer for Sentara Medical site in Kitty Hawk, bidder seeks major housing development

 

 

 




Comments

  • WindyBill

    “Market Rate” means the highest rent rate that the market currently pays. That is Not what Kitty Hawk or Dare County needs at this time. The Town of Kitty Hawk has the power of zoning to see to it that the interists of its citizens are met.

    Thursday, Jul 14 @ 4:22 pm
  • The Captain

    Well its time for Kitty Hawk to enter this bidding again. Match the 3.5 million. 3.5 vs. 2.7 come on get a partner, Dare County? Use it for the Public. The first thing KH should do is put our a vote to Residents and get tough with Zoning. You’ll see how the Developer shrinks even more.

    Friday, Jul 15 @ 8:17 am
  • Zia

    We need housing much more than a new police station!
    An efficiency apt at $950/month is absolutely ridiculous yet that’s what I must endure to continue to live & work here on SS. Stupid!

    Friday, Jul 15 @ 9:53 am
  • sandflea

    Zia;
    Just be glad you’re not paying $1,500/ mo. That seems to be the going rate.

    Friday, Jul 15 @ 6:15 pm
  • KittyHawker

    If $950-1500 is the current market rate, laws of supply and demand dictate that a larger supply of housing would lower the market rate of rent. Tougher zoning would only worsen the current housing crisis by further crippling our local businesses, who are all experiencing major staffing shortages as a direct result of the housing shortage. I’ll take market rate housing over affordable or income-based any day of the week.

    Friday, Jul 15 @ 11:33 pm
  • Steven

    Its considerably less to have a mortgage. Custom built 3-bedroom, 1000 square feet, on Hatteras, $720 per month plus insurance. Built for $80 per square foot ten years ago.

    Saturday, Jul 16 @ 7:08 am
  • Mike Raphone

    “Kitty Hawk also released a statement at that time indicating that if town bought the site, one potential use would be a new police station, something that “could be a savings to the taxpayers and be a more expedient option,” for the town’s new public safety facility.”

    Except for the fact that the initial cost assessment for the new public safety building was originally $3.2 million, which has since more than doubled to $7 plus million. And now the idea a council member was floating for the site is something that would be absolutely worthless, and a waste of taxpayer money just so a certain council member could have their name on it. (so to speak)

    Tuesday, Jul 19 @ 1:54 pm
  • Whatever

    Building a new police station, any public safety building or a new municipal building would be an absolute waste of the taxpayers funds. I would like to see the town of Kitty Hawk and/or Dare County to buy the property, but only if they do not have plans to absolutely waste the land and the taxpayers money by building any new town facility. Kitty Hawk needs to up their bid and scrap the thought of a new town building. The property has a lot of potential. Kitty Hawk and/or Dare County, please don’t mess this up.
    That said, let’s hope the town would be open to working with whoever buys the property for the best of the landowner and for the taxpayers. I do not want to see the town make it extremely difficult for the potential landowner because they didn’t get the property.

    Friday, Jul 22 @ 9:06 pm
  • Mark Jurkowitz | Outer Banks Voice

    Whatever, we are posting a story right now that updates the situation on the former Sentara property.

    Friday, Jul 22 @ 9:32 pm