newsobserver.com | Ground broken on Blount Street development
Talk about insulated pockets of real estate. The contrast between our market and the rest of the world may not have been more stark yesterday.
With the stock market diving 358+ points, Bank of America announcing 7,500 lay-offs and oil hitting record highs around $140 per barrel, WE'RE BUILDING!
Two major condo projects are announced one each in Raleigh and Chapel Hill.
LNR kicked off Blount Street Commons in Raleigh despite a market that is "obviously slower than we hoped it would be."
Highlights:
21 acres
6 block area
25 homes some historical to be renovated
495 townhouses, condos and single family residences
110,000SF of retail shops on ground floor beneath the condos
First Phase is 4.7 acres bounded by Blount Peace, Person and Polk
Prices range from $200,000 to $1M+
Ram Realty Services announced 140 West Franklin in Chapel Hill. This is the only condo project they are doing right now in the country.
newsobserver.com | Betting on Condo buyers
Highlights:
140 units
1.7 acre lot at Franklin and Church Streets
26,000SF of retail shoppes on the ground floor
Coincidentally, both developers are based out of Florida.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment