Vass
Vass, NC · Real Estate
Raleigh News & Observer
Cary could get up to 400 new apartments - if the town says yes
A developer wants to build up to 400 apartments in a seven-story, mixed-use project on East Chatham Street in downtown Cary, but the site’s current zoning caps buildings at 45 feet. Developer Jeff Peterson has not filed a formal application. His team will meet with Cary’s Development Review Committee on Nov. 4 to review his plans before deciding whether to file a rezoning request , which would ultimately require Town Council approval. Preliminary plans include 13,000 to 14,000 square feet of ground-floor retail, about 12,000 square feet of amenities and a parking deck with roughly 492 spaces, he said. Cline architect Bryan Johnson said the firm’s preliminary studies show 350 to 375 apartments. Peterson said the project could approach 400 units depending on the height and density Cary ultimately approves. The firm has not yet designed the building’s exterior. The current concept wraps apartments and ground-floor retail around a roughly six-level parking deck. “The answer is always parking,” Johnson said when asked about the biggest design challenge. Why 45 feet matters The 3.6-acre site combines four parcels at 603, 605, 607 and 611 E. Chatham St . All four are zoned Town Center Mixed Use, which limits buildings to 45
WRAL News
St. Aug's real estate deal decision pushed to next month
A judge decided not to make a decision on Saint Augustine’s real estate advisor deal Wednesday. WRAL Investigates previously reported the HBCU is trying to hire a real estate advisor to help make plans for redeveloping or selling its land. St. Aug's filed for Chapter 11 bankruptcy and lost...
North Carolina Health News
Raleigh addiction recovery program to open apartments for mothers and children
North Carolina lacks enough affordable housing for people in addiction recovery. Healing Transitions plans to open 17 apartments in Raleigh for women in recovery and their children. High housing costs and community opposition make it harder to expand recovery housing. By Taylor Knopf. Twice, Lela Brantley did everything she was...
Raleigh News & Observer
A fragrance tenant left Southpoint. Why the Durham mall says it's owed over $620K
The Streets at Southpoint mall is suing a former tenant for unpaid rent and other claims, according to a complaint filed Monday in Durham County Superior Court. General Growth Properties (GGP), the shopping center’s landlord, alleges that Aroma360 Southpoint NC LLC owes over $623,000 in accrued and projected rent damages. The company operated Aroma360 Luxury Scenting store. The complaint says the tenant failed to pay rent and other charges and never paid the required $30,000 security deposit. The complaint also alleges $39,982 was owed through Sept. 30 and says Aroma360 LLC guaranteed the tenant’s lease obligations. GGP is asking Durham County Superior Court to hold Aroma360 and Aroma360 LLC jointly responsible for the unpaid money. The complaint says a separate eviction case resulted in a Sept. 14 possession judgment, and the tenant left the mall around Sept. 30. The lease covered about 1,760 square feet, with base rent starting at $6,600 a month and scheduled to increase to $7,428 in 2030, when the lease ended. A spokesperson for GGP told The News & Observer that they could not comment on the pending complaint and don’t comment on tenant relations. The N&O has also reached out to Aroma360 for comment on
midtownmag.com
Redline Design Group Moving to North Hills Tower 5 in Raleigh
Redline Design Group is the latest company to establish a presence in Midtown Raleigh’s growing North Hills Innovation District. Kane Realty Corporation announced October 27 that the North Carolina-based architecture and interior design firm has signed an 11,100-square-foot lease at Tower 5, occupying approximately half a floor of the 17-story office building.
yieldpro.com
BWE Investment Sales Arranges Sale of Cambridge Village Portfolio a 636-Unit Class A Independent Living Portfolio in North Carolina
BWE Investment Sales (“BWEIS”) announced the sale of the Cambridge Village Portfolio, a three-property, 636-unit Class A independent living portfolio in North Carolina’s Raleigh-Durham and Wilmington markets, to affiliates of Starwood Capital Group. Solera Senior Living will assume operations. “This is a landmark transaction for the sector,”...
jocoreport.com
Officials Cut Ribbon On Affordable Housing Project In Garner
GARNER, N.C. – Town of Garner and Wake County officials joined the Kelley Development Company and other dignitaries on Oct. 16 for the grand opening of the Tryon Station affordable housing development off of Creech Road in Garner. The 176-unit, income-restricted apartment development targets households earning around 60 percent...
Raleigh News & Observer
Raleigh says housing, transportation bonds on ballot won't increase taxes. Is that true?
Raleigh wants voters to pass two bonds this election year totaling $203 million to fund transportation improvements and affordable housing. And the city has a convincing pitch: Unlike previous bonds, there would be no extra tax increase associated with these bonds. But that raises a question: If Raleigh isn’t asking voters to pay more in taxes to support the bonds, then how would the city be paying for them? The short answer is that taxpayers would still be paying — just in a different way. The long answer first requires knowledge of what a bond is, and why local governments have to ask voters to approve them. Alongside the bonds, there are 15 candidates for Raleigh City Council and the mayor on the ballot for the Nov. 3 election. In-person early voting runs from Oct. 15-31. What is a bond? When local governments place a bond on the ballot, they’re essentially asking voters for permission to borrow money. There are several kinds of bonds that a local government can ask voters to approve, according to the National Association of Bond Lawyers. Some require a local government to raise property owners’ taxes directly to back the loan. In this case, Raleigh
hoodline.com
Garner's Tryon Station Opens 176 Affordable Units, Nearly Fills Up in 90 Days
A newly built apartment community off Creech Road in Garner has leased up almost as fast as it opened, with Tryon Station's 176 income-restricted units nearly fully occupied within 90 days and rents starting at $1,160 a month — close to $500 below Wake County's median. The project, located between Rock Quarry Road and U.S. 70 East, cut the ribbon this week on what town and county officials are calling a milestone in the region's affordability push.
ncnewsline.com
southernhomemagazine.com
A European-Style Country House on 17 Wooded Acres in Cary, North Carolina
A bucolic European-style homestead surrounded by fields of flowers embraces solitude minutes from a busy North Carolina city. When most people think of Cary, North Carolina, they picture the Research Triangle, a technology hub surrounded by suburban neighborhoods and urban conveniences. What they likely don’t imagine is a secluded 17-acre woodland retreat tucked into the heart of the city, with a winding drive and a bridge spanning a babbling creek that leads to a European country house surrounded by wildflower and vegetable gardens.
raleighweekend.com
Tour Jaw-Dropping Kitchens, Luxe Baths, and Triangle Dream Spaces Friday Through Sunday
Nothing fuels a weekend daydream quite like stepping inside brand-new, designer-furnished spaces. From Friday, Oct. 16 through Sunday, Oct. 18, 2026, the Triangle Parade of Homes opens its doors for the final weekend of its annual showcase. It’s your last opportunity this season to scout standout properties, gather clever design ideas, and see work from top builders throughout the region. (Pro Tip: I got to preview 1813 Bennett Street by Revolution Homes while dropping off some marketing materials before the first parade weekend… it’s a beauty… go see it!)
hoodline.com
Tri Pointe Homes Plans 284-Home North Raleigh Community Off Ligon Mill Road
A 284-home community called Everstead is headed for 8113 Ligon Mill Road in North Raleigh, with home builder Tri Pointe Homes planning six floorplans, prices starting in the $500,000s, and sales expected to launch in February 2027. The project adds to a wave of new construction across the Triangle, where the builder already has a foothold with several active communities.