Wetrock Farm

Wetrock Resources, LLC is a North Carolina real estate development company specializing in sustainable land development. Our mission is to provide resources and deliver value for partners interested in building exceptional places for people.

Wetrock Resources, LLC Managing Partner and majority owner, Rick Bagel, founded Wetrock Resources, LLC in 2008 to implement sustainable land development concepts in the Southeast. He has also worked as a Land Development Coordinator at K. Hovnanian Homes Raleigh Division and as an Associate for a private real estate developer in Miami, FL. Mr. Bagel holds a B.S. in Economics from Duke and an MBA with a concentration in Real Estate from University of Miami. He is a member of Urban Land Institute, Carolina Farm Stewardship Association, and the NC Agritourism Networking Association. Assisting Mr. Bagel with setting up the Farm Enterprise and organizing educational programs are Lucas Wentworth and Strouse Campbell, Raleigh-Durham residents with backgrounds in education and small farms.

The property:

The 287-acre property is an idyllic nature preserve. The property is gently sloping and offers an attractive mix of forest and cleared land. The community is designed to take advantage of the beautiful landscape of Northern Durham County – an area with rich agricultural heritage and bucolic surroundings. The farm and forestland, protected by a conservation easement, will ensure the preservation of this beautiful landscape.

THE FIRST MODERN NET ZERO AGRIHOOD IN THE U.S.
Nestled in the pastoral foothills of North Carolina will be a new kind of neighborhood. It’s called Wetrock Farm, and this 230-acre community will be the first solar-powered agrihood in the U.S.

What is an agrihood? A neighborhood that supports and revolves around a thriving farm. It’s a community where your local farmer lives a few doors down and neighbors look out for one another.

At Wetrock Farm, we grow our farmland and community together.

Learn more by reading the fact sheet  (below). Interested investors may Contact Wetrock Farm, Property Manager, Rick Bagel 919-794-1154 or visit the website.   Financial Summary and Farm site plan is available upon request.

 

 

 

 

Wetrock Farm Factsheet

 

 

Wetrock Farm-Agrihood

DURHAM, NC
Wetrock Farm offers a lifestyle connected to our roots. The exciting new concept features a real community with high-quality homes, an organic farm, and over 100 acres of preserved open space. Just 15 minutes from the heart of Durham, the 230 acre community will be nestled among the beautiful, gently-sloping fields of northern Durham County.

Rick Bagel, Managing Partner
Managing Partner Rick Bagel founded Wetrock Resources, LLC to implement innovative and thoughtful development projects in the Southeast. His pilot project, Wetrock Farm, is already breaking the cookie cutter model for residential development by bringing the Research Triangle its first agrihood.

Rick has a strong background in finance, development, planning, and sales. He has a passion for shifting traditional suburban models, conserving natural resources, and making new concepts more accessible for established real estate industry partners. Previously, Rick worked as a Land Development Coordinator at K. Hovnanian Homes in the Raleigh Division and as an Associate for a private real estate developer in Miami, FL. Rick holds a B.S. in Economics from Duke University and an MBA with a concentration in real estate from the University of Miami. He is an active member of Urban Land Institute, Carolina Farm Stewardship Association, and the Croatan Institute.

 

BAHAMA — Around a decade ago, when he was a recent graduate of Duke University, Rick Bagel started drawing up a business plan for what would become Wetrock Farm — a housing subdivision built around a working organic farm.

Now, after years of looking for the right land, navigating the regulatory approval process and raising the money, that idea is finally getting off the ground in northern Durham County.

Construction officially started last month on the infrastructure for Wetrock Farm, paving the way for what eventually could become 141 homes around a 15-acre farm and greenhouses growing blueberries, grapes and a bevy of rotating vegetables. The subdivision is on 230 acres of former tobacco land in Bahama, about 20 minutes north of downtown Durham and just across the city limits.

 

“We had the property under contract in spring of 2014, and that’s when I started working on it full time,” Bagel said while walking across the property, which is currently dotted with heavy construction equipment. “It took us four years to raise the equity.”

Bagel, the managing partner of Wetrock Resources, is billing it as an “agrihood,” an increasingly popular — if still niche — type of community or subdivision that is planned around a working farm.

 

WETROCK_AERIAL_011118-2 copy.png

A rendering of the layout of the Wetrock Farm community.
Courtesy of Wetrock Farms

 

Agrihoods have sprouted up across the nation, from cities like Phoenix, Arizona to nearby Asheville. Similar to how many suburban neighborhoods offered a golf course and a clubhouse as an amenity in recent decades — the amenity of an agrihood is a professionally managed farm that creates a gathering space and a food source. Dues from the homeowner’s association would pay for regularly delivered allotments of organic produce.

Read more here:

“We had the property under contract in spring of 2014, and that’s when I started working on it full time,” Bagel said while walking across the property, which is currently dotted with heavy construction equipment. “It took us four years to raise the equity.”

Bagel, the managing partner of Wetrock Resources, is billing it as an “agrihood,” an increasingly popular — if still niche — type of community or subdivision that is planned around a working farm.

 

 

Agrihoods have sprouted up across the nation, from cities like Phoenix, Arizona to nearby Asheville. Similar to how many suburban neighborhoods offered a golf course and a clubhouse as an amenity in recent decades — the amenity of an agrihood is a professionally managed farm that creates a gathering space and a food source. Dues from the homeowner’s association would pay for regularly delivered allotments of organic produce.