development updates
here we grow
again Updates on developments, real estate and future projects Compiled by LIZA SMITH
ABOVE 20 lots in Chatham Park were recently acquired by an LLC tied to David Weekley Homes of Texas for a substantial investment of over $2 million, propelling the development of residential community Encore at Chatham Park.
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C H AT H A M M AG A Z I N E
SUMMER 2024
olfspeed Inc. celebrated a pivotal moment with the topping out ceremony of the $5 billion John Palmour
Manufacturing Center for Silicon Carbide in Siler City. The facility,
poised to produce 200 mm silicon carbide wafers, is a testament to Wolfspeed’s commitment to driving innovation in semiconductor technology. Sen. Thom Tillis praised the investment at the ceremony, affirming North Carolina’s businessfriendly environment. With phase one slated for completion by the end of 2024, the project promises to revolutionize the energy sector and bolster economic growth in North Carolina.