Developers want to put more than 520 residential units on 72 acres at the corner of Holly Shelter and Blue Clay roads in Castle Hayne.

A site plan shows the project could hold 240 apartments on 24 acres and 288 cottages on the remaining 48 acres.

Raleigh-based Stout Operating Firm LLC and Paramoute Engineering Inc. are holding a community meeting on the proposal, which would require a rezoning, in March, according to a meeting notice shared by New Hanover County. 

The currently undeveloped site is across Blue Clay Road from S&W Ready Mix Concrete, 5312 Holly Shelter Road, and across Holly Shelter Road from Adams Products Oldcastle, 5225 Holly Shelter Road. 

“The land proposed for conditional rezoning is currently zoned Residential 15 (R-15) for the road frontage along Blue Clay Road and Light Industrial (I-1) for the majority of the +72 acre site,” according to the community meeting notice. “We are requesting a conditional rezoning to downzone the property from Industrial to Residential Multi-Family Low Density (RMF-L) to allow a range of residential product types including apartments near the Holly Shelter intersection [and] single-family homes, duplexes and townhomes for the remainder of the site.”

An effort to reach Watson Bryant, manager of Stout Operating Firm, for more information was not immediately successful Thursday.

The community meeting is scheduled to be held 6:30 to 7:30 p.m. March 9 at a business near the site, Spiffy On-Demand Car Care, 5656 Barbados Blvd., No. 160, in Castle Hayne.

Of the meeting the notice stated. "We will have full-size plans and members of the project team available to discuss our plans and answer your questions."