Pinebluff
Pinebluff, NC · Real Estate
The Triangle Tribune
200-unit affordable housing community coming to Raleigh
RALEIGH – A new 200-unit affordable housing community will bring much-needed housing opportunities to Wake County. The successful closing of Chapanoke is a public-private partnership among Harmony Housing Affordable Development, Gilbane Development and F7 International Development, which together comprise Raleigh Community Partners LLC.
wunc.org
CAM Raleigh is putting its building up for sale
The Contemporary Art Museum of Raleigh is selling its building in downtown Raleigh. Since 2011, the art museum has been housed at 409 W. Martin Street in the city's Warehouse District. Prior to that, it had been located at Moore Square. "The move is a deliberate step toward a more...
hoodline.com
Raleigh Opens 144 Affordable Homes Built With 2020 Bond Dollars
Raleigh has added 144 affordable homes near Western Boulevard, giving working families a new housing option in one of the city’s busiest corridors. The City of Raleigh announced the opening Thursday in an official X post, saying Parkside Apartments was built with support from the city’s 2020 Affordable Housing Bond. The community is close to jobs, schools, services and the future Western Boulevard Bus Rapid Transit corridor.
hoodline.com
Raleigh’s New 12-Story Student Housing Colossus Opens Near NC State
Raleigh’s Hillsborough Street skyline has a new heavyweight: a 12-story student housing tower built to bring nearly 2,200 residents to the edge of NC State. Hub Raleigh is opening as students prepare for fall move-in, giving one of the city’s busiest college corridors a dramatically different backdrop. The...
hoodline.com
Triangle Office Market Gets A Return-To-Work Jolt, Not A Rebound
Raleigh-Durham's office market is showing signs of life as companies pull workers back toward shared workspaces, but the Triangle's commercial real estate revival is still more uneven than triumphant. A panel of local developers and brokers meeting Tuesday in Cary described a market where the best buildings are attracting attention while older or less convenient inventory keeps absorbing the shock.
multihousingnews.com
Gilbane JV Closes on $93M Affordable Raleigh Project
Completion is slated for 2028. Raleigh Community Partners, a public-private partnership led by Harmony Housing Affordable Development, Gilbane Development and F7 International Development, has capitalized Chapanoke, a $93 million, 200-unit affordable project in Raleigh, N.C. The capital stack included LIHTC equity acquired by Greystone, which also provided a construction loan....
triangletribune.com
200-unit affordable housing community coming to Raleigh
RALEIGH – A new 200-unit affordable housing community will bring much-needed housing opportunities to Wake County. The successful closing of Chapanoke is a public-private partnership among Harmony Housing Affordable Development, Gilbane Development and F7 International Development, which together comprise Raleigh Community Partners LLC. Located at 326 Chapanoke Road in...
hoodline.com
Raleigh’s $93M Chapanoke Project Moves Into Site Work
South Raleigh is about to get 200 income-restricted apartments, 10,000 square feet of retail and a new development tied to the region’s expanding transit plans. The $93 million Chapanoke project has closed its financing and site work is underway, with residents expected in 2028. Raleigh Community Partners, a public-private...
Holly Springs Update
Holly Springs (NC) Town Council Approves 450-Unit Meridian at Sunset Commons Apartments, But Sewer Capacity Keeps Project on Hold
A motion to deny failed for lack of a second before the council approved the project 3-1, but no construction can begin until Holly Springs resolves its sewer capacity shortfall.
indyweeknc
Cary Town Council Rejects Proposal to Keep Amberwood at Lochmere Affordable Housing
The Cary Town Council voted 5-2 on Thursday to table a resolution that would have allowed the Raleigh Housing Authority (RHA) to purchase the Amberwood at Lochmere apartments in southeast Cary, effectively rejecting the proposal and jeopardizing the preservation of 340 units of relatively affordable housing. Amberwood is a leafy...
hoodline.com
Durham’s Black Wall Street Bank To Ditch Historic Name In Optus Merger
Mechanics & Farmers Bank, the century-old Black-owned institution rooted in Durham’s Parrish Street "Black Wall Street," is set to shed its historic name. The bank will merge with Columbia-based Optus Bank and eventually rebrand local branches under the Optus banner. Announced July 22, the deal will create a roughly $1.27-$1.3 billion institution with 10 branches across the Carolinas. M&F’s president and CEO James H. Sills III will lead the combined company and says he will remain based in Durham, even as a defining piece of the city’s Black business legacy enters a new era.
The Triangle Tribune
Historic million-dollar property at center of North Raleigh battle
RALEIGH – Tensions ran high at a recent community meeting between North Raleigh residents and an attorney representing a local developer. The July 13 meeting between Toby Coleman, a Land Use and Planning attorney, and Litchford Forest residents concerned rezoning a historic tract of land.
multihousingnews.com
Blue Heron Kicks Off 269-Unit Raleigh Project
A $68 million loan is backing this development. Blue Heron Asset Management has started construction on Rosewood, a 269-unit, two-building luxury project in Raleigh, N.C. Cline Design serves as architect of record, while also providing interior design, land planning and landscape architecture services. The developer expects to reach completion in 2028.