The development of the property historically known as Lloyd Farm.

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On the Drawing Board (Carrboro) Shops at Lloyd Farm
March 24, 2020

Located at the corner of Old Fayetteville Road and Highway 54, this 40 acre project will be a new mixed use project which will include multiple commercial buildings including a Harris Teeter as the anchor store. The proposed Shops at Lloyd Farm is proposed to also include a residential facility for seniors, 200 residential units and 10 residential duplex cottages. The Charlotte-based Argus Development Group anticipates construction permits in 2020 and an opening date in 2022. A News & Observer article reported that the Shops of Lloyd Farm could generate over $10 million in sales taxes in the first 10 years. This is not anticipated to ease the property tax burden on homeowners but may avert a future tax rate increase and generate needed finances for local schools and services.


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