Choice Raleigh Infill Property Hits the Market

Choice Raleigh Infill Property Hits the Market
News| September 10, 2025| Mike Boyd
Atlanta & Southeast + Apartment Buildings

Taft Family Ventures bought a nearly vacant downtown Raleigh grouping of properties, with the notion they’d build a mixed-use project with a 12-story limit. The family has now passed, and has put the property back on the market. Berkadia’s Mark Robertson is heading up the sales effort for the piece.

Three parcels at the corner of West Cabarrus and South Dawson streets, are across the street from the Red Hat Amphitheater. The new listing is being marketed as a opportunity for multifamily or hotel developers. The 1-acre site has an approved site plan for a 12-story building with 257 multifamily units and a parking deck. The Dawson Street parcels have parking lots on-site while the Cabarrus Street lot has an industrial office that houses PHC Restoration.

Taft Family Ventures bought the lots at 301 W. Cabarrus St. and 510 and 518 S. Dawson St., in 2019 for $5.1 million. The three parcels are in the process of being combined into one lot.

Other News

Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion

Boston & New England + Apartment Buildings

Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...

Learn more

MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage

Boston & New England + Apartment Buildings

The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...

Learn more

Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla

Seattle & Northwest + Apartment Buildings

Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up