Raleigh Developer to Start Work on 269-Unit Rental Community
Blue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called Rosewood, will be at 611 West South Street. Blue Heron completed the $12.85 million land acquisition earlier this year.
Spanning 399,000 square feet across two buildings and a central public plaza, Rosewood will comprise units ranging from 499 to 1,531 square feet and will offer flexible indoor and outdoor resident spaces. Amenity highlights include a custom sauna and cold plunge suite, private coworking areas, and a rooftop lounge and terrace. A concealed speakeasy tucked within one of the buildings offers a special resident experience.
In addition, the development will feature 5,500 square feet of retail space located along South Street. Expected completion is 2028.
W.M. Jordan Company will perform construction duties.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout