Durham’s Foster on the Park receives construction loan for development
Blue Heron Asset Management’s project, Foster on the Park, a 164-unit apartment community overlooking Durham’s Central Park, has received a construction loan for its development. The space is expected to feature ground-floor retail and dining space and will be located at 545 Foster St., next to Durham’s Innovation District and Historic Durham Athletic Park.
Cline Design Associates is the architect for Foster on the Park. (read more)
Historic mill in Charlotte’s “NoDa” district to be redeveloped into office space
Cline Design has partnered with White Point Partners to assist in the redevelopment of the Chadbourn Hoisery Mill, located at 451 Jordan Place in Charlotte’s “NoDa” district. The historic mill, originally built in the 1930s, will be turned into a 40,000 square foot office space, along with a 200-unit apartment building facing North Davidson St. adjacent to the site.
Originally expected be transformed into retail space, White Point Partners said the high demand for fast-growing companies seeking converted warehouse space along the light rail has risen, changing their mind.
Chadbourn Mill is one of eight projects currently underway along the Lynx Blue Line Extension. (read more)
Another apartment complex is coming to the outskirts of uptown Charlotte, on the corner of South Tryon and West Morehead streets. Broadstone Queen City will have 260 apartment units and is expected to deliver in the spring of 2020.
Broadstone Morehead LLC is associated with Alliance Residential and purchased the 1.9 acre property.
Cline Design is the architect for Broadstone Queen City. (read more)
Developer’s latest apartment project in Charlotte will add 280 new units
Charlotte developer Crescent Communities has begun construction on yet another multifamily project in the Queen City.
Novel Research Park, at the intersection of West Mallard Creek Church Road and Senator Royall Drive in University, will include 280- units with one, two and three bedroom apartments. According to the developer, Crescent rezoned the 37.5 acre property in early 2017 to develop apartments as well as retail space and a 200-room hotel.
Cline Design Associates is the architect and Crescent Multifamily Construction is the general contractor. (read more)