Investors Unveil New North Carolina Community

The property offers a range of floorplans, as well as a parking garage with EV charging stations. Image courtesy of Greystar

A joint venture of Ivanhoe Cambridge, the Public Sector Pension Investment Board, commonly known as PSP Investments, and Greystar has debuted Beckon, a new mixed-use multifamily community in Durham, N.C.

Situated at 311 Liggett Street, the six-story, 263-unit residential complex features 5,600-square-feet of ground-floor retail space. Raleigh, N.C.-owned brewery Crank Arm Brewery has leased 2,800 square feet to serve as its taproom.

In the heart of Durham

Beckon offers 52 studios, 142 one-bedroom apartments, 64 two-bedroom units and 5 three-bedroom residences. Apartments offer energy-efficient black slate appliances, preparation islands for entertaining and extra seating, full-size in-unit washers and dryers, quartz countertops and, in select residences, private balconies and patios. Property amenities include an onsite parking garage with electric vehicle charging capabilities. The property garnered the National Green Building Standard, or NGBS, Gold certification for its energy efficiency, water savings and air quality, the investors said in a statement.

Situated within Durham’s Innovation District, Beckon is near many local restaurants, cafés, nightspots and cultural attractions, as well as a number of retail establishments.

The community offers direct access to Durham’s evolving pedestrian Belt Line and is near the city’s Central Park, home to its popular weekly Farmers’ Market. The area is pedestrian and cyclist-friendly and also offers easy access to multiple bus stations and regional train stations.

Earlier this fall, King Properties purchased Kelby Farms in Durham for a price of about $85 million.