Downtown Raleigh Apartment Guide
In light of the continued apartment growth we are seeing throughout the Triangle (Crabtree, Glenwood South, Durham, Chapel Hill) and even the nation, I've decided to take a look specifically at Central Raleigh's apartment development. Downtown Raleigh is quickly becoming the "hot spot" for urban development and real estate in the Capital City, and it’s not a new notion that the influx of more workers downtown results in new housing for downtown. But instead of researching and
1Q14 Triangle Market Report is Here!
Click here for Colliers 1Q14 Triangle Office Market Report! Here’s your Capital Compass perspective: The office market finished a good 1st Qtr. and looks to be picking up speed. Critics aside, the economy is on a slight rebound, with unemployment rates in the Triangle at its lowest levels since before the 2008 recession. Raleigh business owners and tenants will find interesting: Vacancy levels continue to drop from 15% in 4Q14 to 14.1% in the 1Q14 Class A office rental rates
What a time to live in Cary! Lowest property taxes in the Triangle!
Last night, the Cary Town Council approved a $260 million budget for 2015 all while NOT increasing property taxes for Cary residents. The budget adds $51 million to fund new capital projects as well as $200 million to support existing operations. The kicker is that Cary is STILL maintaining the lowest property taxes in Wake County. This is the type of government leadership you like to see, and look how effective it can be at the local and town level! (to view budget click he
Chapel Hill Glenn Lennox Development Agreement Finally Approved!
(click here for article) Historic Glen Lennox has finally been approved for new development by Grubb Properties. The property, which has been stagnant for 60 years, finally received town approval for redevelopment. This will be interesting to watch, as Glen Lennox is located perfectly near UNC and downtown Chapel Hill. A few takeaways for your Compass: Grubb has been pursuing development at Glen Lennox since 2008 70 acres are open to construction, 33% of them must be “open
HELLO! Welcome to Capital COMPASS Welcome to Raleigh’s FIRST SITE dedicated to informing fellow tenants, business owners and residents about the North Carolina Capital City’s unique Real Estate, City Growth, Construction and Development Plans and how they will impact YOU. From a born ‘n bred Raleigh Native, young millennial professional and licensed real estate advisor Capital COMPASS was created to be the leading all-inclusive resource for Triangle area businesses on navigat
Crabtree to get ANOTHER luxury apartment complex "Creekside"
(click for article) Adding to the already new Carolina Row project across the street from Crabtree Mall, Houston based company-Fein plans to add another apartment complex, named "Creekside" behind Crabtree on 7 acres of Kidd's Hill. With a planned opening of first quarter 2016, look for this project to begin soon. A few take aways for your Compass: 301 apartments and 34 townhomes to be added Pedestrian bridge to Crabtree Mall to be constructed 1st ever development in Triangl
Chapel Hill's University Square Development could begin this year!
(click for article) Chapel Hill downtown revival has taken one big step forward with the new University Square project by Cousins Properties gaining traction. Located directly across from the newly constructed "mixed use" building called 140 West Franklin Plaza, Cousins Properties of Atlanta looks to add even more new lux-living and shopping opportunities on Franklin Street. A few take aways for your Compass: - $80-$100 Million Development cost - 300 apartments planned abo
"Carolina Row" $90 Million Development Project coming to Crabtree Valley Mall
(click for article) Crabtree Valley Mall has been a Raleigh staple ever since Roddy Jones constructed the "second largest mall in the Carolinas" in 1972 and it only looks to be expanding. Texas Trademark Property Co. is planning on a new "mixed use" development across the street from the old shopping mall, named "Carolina Row." A few take aways for your Compass: - 150,000 square feet is planned for construction - 175 apartments will sit above the new mall - Pedestrian br