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.


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