A recent article from thinkcurrituck.com, Opportunities in Currituck County Abound, has some excellent reasoning behind why we could see continued growth along the corridor to the Outer Banks. In their article they list, 3 potential factors but we see two of them as the main driver for the Outer Banks.
1. Construction of the Mid-Currituck Bridge
After more than 40 years of discussion and debate, the $440 million project is now on the fast track to get underway. Gov. Pat McCrory’s fiscal year 2017 budget accelerated the project timeline by two years, which now calls for construction to begin in fiscal year 2019, with a completion date by 2025. In addition to making the famed outer banks more accessible to tourism-based businesses, the bridge has potential for year-round commercial real estate opportunities in Currituck County on both sides of the span.
2. Growth of Northern Currituck County & Hampton Roads
For the past decade the northern part of the county and Moyock in particular has been the fastest growing area of the county. The population of Moyock has risen by 122 percent from 2000 to 2010, making it the fastest growing township in the 10th fastest growing county in the state. Moyock is the largest incorporated area of the entire state, and is Much of the growth has been in the form of residential and especially in subdivision projects, but be on the lookout for other commercial opportunities there as well.
Posted by Mike Bishal on
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