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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A


Last Updated Date 06 Apr 2020

Property Description

0.57 acre infill zoned residential development opportunity in the heart of Downtown Durham

Investment Highlights

  • Jones Lang LaSalle, a North Carolina licensed real estate broker
  • (“JLL”), has been retained as the exclusive sales representative
  • for Villas On Broadway a ±0.57-acre residential development
  • opportunity in one of the Southeast’s fastest-growing metros.
  • Durham has seen a large number of startup incubators such as
  • Google Hub for Entrepreneurs, Durham Innovation District and
  • American Underground grow to help Durham claim the title of an
  • innovation and entrepreneurship hub. Durham has been dubbed,
  • “North Carolina’s hippest city” by Vogue Magazine, largely due
  • to its homegrown foodie scene with four James Beard award
  • semifinalists and large-scale adaptive reuse project, American
  • Tobacco Campus. Since 2000, more than $1.8 billion has been
  • invested into the Downtown area, as is apparent with the 820,000+
  • square feet of office space being constructed currently. Recently
  • delivered and under construction townhome developments
  • include the ELEVEN ($559,000 - $1,119,000), Geer Townhomes
  • ($875,000+), and Elliott Square ($500,000 - $569,000).
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Hunter Barron
Hunter Barron
Senior Director, Capital Markets
License details
NC-259804 SC-96951

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