Multifamily news in Development - Raleigh-Durham
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Raleigh-Durham Multifamily Wrap-Up – July 2020
Wood Partners starts two luxury projects. Alliance Residential sells property for $87 million. Catch up on our July list of Raleigh-Durham must-reads.
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Wood Partners Expands Research Triangle Portfolio
The developer broke ground on Alta Wren in Cary, N.C., a 250-unit community near the business, science and education hub.
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Hines JV to Develop North Carolina Mixed-Use Project
The development will be located adjacent to the American Tobacco Historic District in Durham, which will feature a 14-story residential building.
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Wood Partners Begins Research Triangle Luxury Project
First Citizens Bank is funding the 403-unit development with more than $45 million in construction financing.
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Top 5 Southeast Markets for Multifamily Deliveries in 2019
Developers added more than 35,000 units to the region’s inventory over the past year, with even more on the way for 2020.
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Jamestown JV Begins Adaptive Reuse Project in Raleigh
Phase I of Raleigh Iron Works will include renovation of the historic steel mills and the warehouses that were previously part of Peden Steel.
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Durham Condos Land $11M Construction Loan
The two-year mortgage will finance the development of 25 townhomes close to the city’s downtown.
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Luxury Senior Community Breaks Ground in Raleigh
The $80 million, 205-unit luxury senior living facility is the developer’s third Optimal Living-branded community. The project is slated for completion in late summer 2021.
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The Beach Co. Catches Some Sun in the Carolinas
The firm’s Dan Doyle explains why the area will continue to play a starring role in the nation's economic growth and weighs in on the biggest challenge for multifamily developers.
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Public-Private Partnership Kicks Off Durham Project
DHIC, Self-Help and local authorities broke ground on Willard Street Apartments, downtown’s first newly constructed, fully affordable community for households earning 60 percent or less of the area’s median income.
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NCCU Breaks Ground on 2 Student Housing Communities
Scheduled for completion in 2021, the properties will feature 1,247 beds. An additional residential hall, Lawson Street Residential Hall, is projected for completion in 2021.
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Hines JV to Build 2.5 MSF North Carolina Project
Along with co-developers Columbia Development Group and USAA Real Estate, the firm is building Fenton, a 92-acre mixed-use project in the Raleigh-Durham area.
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Wood Partners Opens NC Luxury Property
The developer broke ground on the nearly 300-unit project in 2017, financing construction through a $34 million loan from TD Bank.
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Work Begins on 318-Unit Luxury Community in NC
Dominion Realty Partners broke ground on The Residences at Shiloh Crossing in Morrisville. Capital Bank provided construction financing for the project.
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HHHunt Begins Construction on $43M NC Community
Located in Garner, Abberly Solaire will offer 282 units and access to a coffee bar, a dog park and a pool with in-water seating.