Greensboro Opens 48 Acres for Development Applications Next Week

The City of Greensboro will accept applications starting July 15 for development rights on 48 acres of municipal land scattered across three sites.

The timing aligns with a surge in building permits that reached 1,240 in the first half of 2026, up 18 percent from the same period last year, as developers respond to steady job growth tied to the city’s logistics corridor.

Local parcels and eligibility rules

Two parcels sit along Yanceyville Street near the old Farmers Market site, while a third borders the Southside neighborhood off South Elm Street. The Greensboro Planning Division will give first review to proposals that include at least 30 percent affordable units or ground-floor commercial space, a standard set in the 2024 Unified Development Ordinance update.

Applicants must be registered North Carolina development entities or joint ventures that include at least one local nonprofit housing group. Out-of-state firms qualify only if they partner with a Greensboro-based general contractor that has completed a project inside city limits within the past three years.

Application steps and deadlines

Interested parties must submit site plans, financing letters, and a $2,500 review fee through the city’s online portal by August 31. Lot prices begin at $185,000 per acre for the Yanceyville parcels and $210,000 per acre for the South Elm site, according to the July 8 staff report released by the Planning Division.

Staff will hold two public information sessions at the downtown Central Library on July 22 and July 29. Final selections are scheduled for a Planning Board vote in October, with construction required to begin within 24 months of approval.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.