I think there is going to be more positive than negative on property value.
In any case your community should ask the developer to incorporate some kind of a green buffer zone with residential areas.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, the building was there. It was a childcare center for 50 years. They plan on developing a grocery store, wine/spirits store, and inline? TBD retail, possibly a restaurant.

Living close to a grocery store in an urban center will INCREASE your property value. That's why everyone wants a Whole Foods or a TJ to open in their neighborhood.

Even a Safeway or Harris Teeter or really any grocery store will make your property more attractive.

Close. Sure. Out one's backyard? Unlikely.

Every study out there says that yes, even the house in the backyard will see their values increase vs. a house that's 0.5 miles away (which I guess it the magic number of when it's too far to get a value bump).

Also, if this development has underground parking/trash/deliveries...and those deliveries usually happen at off-peak hours...which it probably will, then it's even further less disruptive.

“Off peak hours” like 3 am?
Delivery trucks are loud.
The trucks that come to empty the dumpsters are loud.
I’ve worked in grocery stores and the area behind the store, where the loading dock/dumpsters are reeks.

The dumpsters will be underground in a parking garage.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, the building was there. It was a childcare center for 50 years. They plan on developing a grocery store, wine/spirits store, and inline? TBD retail, possibly a restaurant.

Living close to a grocery store in an urban center will INCREASE your property value. That's why everyone wants a Whole Foods or a TJ to open in their neighborhood.

Even a Safeway or Harris Teeter or really any grocery store will make your property more attractive.

I would not want to live next door to a grocery store. Too much traffic

And the deliveries are LOUD.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, the building was there. It was a childcare center for 50 years. They plan on developing a grocery store, wine/spirits store, and inline? TBD retail, possibly a restaurant.

Living close to a grocery store in an urban center will INCREASE your property value. That's why everyone wants a Whole Foods or a TJ to open in their neighborhood.

Even a Safeway or Harris Teeter or really any grocery store will make your property more attractive.

Close. Sure. Out one's backyard? Unlikely.

Every study out there says that yes, even the house in the backyard will see their values increase vs. a house that's 0.5 miles away (which I guess it the magic number of when it's too far to get a value bump).

Also, if this development has underground parking/trash/deliveries...and those deliveries usually happen at off-peak hours...which it probably will, then it's even further less disruptive.

“Off peak hours” like 3 am?
Delivery trucks are loud.
The trucks that come to empty the dumpsters are loud.
I’ve worked in grocery stores and the area behind the store, where the loading dock/dumpsters are reeks.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, the building was there. It was a childcare center for 50 years. They plan on developing a grocery store, wine/spirits store, and inline? TBD retail, possibly a restaurant.

Living close to a grocery store in an urban center will INCREASE your property value. That's why everyone wants a Whole Foods or a TJ to open in their neighborhood.

Even a Safeway or Harris Teeter or really any grocery store will make your property more attractive.

Close. Sure. Out one's backyard? Unlikely.

Every study out there says that yes, even the house in the backyard will see their values increase vs. a house that's 0.5 miles away (which I guess it the magic number of when it's too far to get a value bump).

Also, if this development has underground parking/trash/deliveries...and those deliveries usually happen at off-peak hours...which it probably will, then it's even further less disruptive.

You’re going to get rats.

But value might increase is there’s a grocery and liquor store.

Anonymous wrote:

Anonymous wrote:Yes, the building was there. It was a childcare center for 50 years. They plan on developing a grocery store, wine/spirits store, and inline? TBD retail, possibly a restaurant.

Living close to a grocery store in an urban center will INCREASE your property value. That's why everyone wants a Whole Foods or a TJ to open in their neighborhood.

Even a Safeway or Harris Teeter or really any grocery store will make your property more attractive.

Close. Sure. Out one's backyard? Unlikely.

Anonymous wrote:Yes, the building was there. It was a childcare center for 50 years. They plan on developing a grocery store, wine/spirits store, and inline? TBD retail, possibly a restaurant.

That stinks OP. Yes, in my mind, it would surely impact the value of your property to me, as a potential buyer. Childcare center, M-F with set daily hours is very different than a grocery store with possible 24*7 operations, including nighttime deliveries by huge trucks. I am surprised that zoning is the same for both uses, to be honest. Do you know for sure that the tree line with disappear? Can you reach out to your local reps. about a forestation plan and/or reforestation? Unfortunately the local municipality will likely welcome the next and expanded tax base and lean in to make this work for the developer. Good luck!

Anonymous wrote:I’d be more worried about trash, delivery truck noise and trash smells if my house was next to the back of a grocery store. I’d definitely fence and screen as much as possible.

This. Dumpsters, deliveries and rats.