RALEIGH, NC | Promenade Park

Property Overview

±6.33-acre Multifamily Development Opportunity Within 359,000 SF Shopping Center

JV Opportunity for 351 Units with Site Plan Approval Along the Glenwood Avenue Corridor

• Site plan approved for ±351 multifamily units
• New Sprouts Farmers Market to open within the shopping center in 2027
• JV opportunity allows buyer to work alongside an experienced shopping center operator committed to long-term ownership
• Located along the high-growth Glenwood Avenue corridor with ease of access to Downtown Raleigh, North Hills, RTP, and Downtown Durham
• Walkable to a plethora of amenities such as Sprouts Farmers Market (2027), Starbucks, and Marshalls