MULTIFAMILY ROUNDUP: $50M HITS PAYDIRT

First football, and now development; everything is back! Charlotte-based Crescent Resources broke ground today on a new   mixed-use development in Raleigh, Gallery at Cameron Village. The $50M project at Oberlin Road and Clark Avenue includes  282 luxury apartments (delivering spring '13), 16k SF of retail space, and underground parking.

 

The project sits in one of Raleigh?s ?premier  shopping and dining districts,? Crescent?s Brian Natwick tells us. That's close to the well-established Cameron Village, which offers shops and eateries like Fosters American Grille and Caf Caturra. Crescent plans to seek LEED certification. Charlotte-based Cox & Schepp Construction is GC; Raleigh-based Cline Design Associates is project architect.


Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse