To stimulate development in the Village District, the Holly Springs Town Council adopted a Downtown Investment Grant Policy. It provides for possible assistance with infrastructure costs and development fee reductions. These are considered case by case. For more information, contact the Economic Development office.
Downtown Holly Springs is being shaped into a vibrant town center.
Private investors and public funds have contributed to the momentum, in particular with a group of three projects to add roughly 100,000 square feet of retail, restaurant and office spaces, as well as infrastructure improvements that include additional parking, improved roads and regional stormwater management:
The Block on Main, 300 S. Main Street: 52,530 sf, three-story mixed-use building (office, retail, restaurant)
Town Hall Commons: 242 S. Main Street, 45,000 sf mixed-use building (office, retail, restaurant)
Public investment to add parking and build road improvements and stormwater management
This group of projects has also:
added about 50 businesses (with an additional 20 businesses in expanded Coworking Station space)
created about 500 jobs
Within the first year (2018) the economic impact was $85M with a continuing annual impact of $49.7M.
Over 20 years the group of projects is projected to generate $1B in regional economic impact.