Wood Partners Plans 215-Unit Multi-Family Complex in Raleigh; Design Commission Tests New Zoning Rules with Major Apartment Project in Chapel Hill
- Oct 03, 2014
by Adriana Pop, Associate Editor
A new five-story apartment building could soon rise at 616 Oberlin Road in Raleigh’s Cameron Village neighborhood.
According to the Triangle Business Journal, multi-family development firm Wood Partners is planning to build the 215-unit project on a nearly three-acre site it intends to purchase from a partnership led by Raleigh real estate investor and Colliers International executive Jim Anthony.
The new complex will replace a row of now-vacant, 1960s-era, single-story office buildings.
Deb Anderson, director of development for Wood Partners’ activity in eastern North Carolina and Virginia, told the newspaper that demolition of the old structures could start in late November.
Designed by JDavis Architects in Raleigh, the 616 Oberlin apartment project will resemble the Station Nine apartment community that Wood Partners built on Hillsborough Road in Durham in 2004 (pictured). Both buildings feature a hidden parking deck, as well as an interior courtyard.
Upon completion by mid-2016, the new residences are expected to rent for amounts similar to the other Oberlin Road projects, which include the 401 Oberlin apartments (currently renting for between $1,071 to $2,745 per month) and the Crescent Cameron Village (renting for between $1,075-$3,000 per month).
In other news, the Triangle Business Journal reports that East West Partners and Scott Murray Land Planning have presented officials their application for the construction of a six-story, mixed-use apartment complex at 201 South Elliott Road in Chapel Hill.
If approved, the 266-unit Village Plaza Apartments will spread across a site that currently comprises a parking lot and the location of the former Village Plaza Theaters.
The project, which is the first to come under new zoning rules for the 190-acre Ephesus-Fordham district, will again be reviewed on Oct. 28.
Under the new rules, development plans are being reviewed by the design commission and town planners, for adherence to certain zoning requirements, while the final approval from the Chapel Hill town council is no longer necessary.
Photo credits (1): Wood Partners; Photo credits (2): Town of Chapel Hill