- Investment Sales & Capital Markets
- Real Estate Solutions
- Incentives Negotiation & Location Strategy
- Project Management
- Building Management
- User Development Services
Foundry Commercial is pleased to present approximately 66 acres of commercial land within the 515-acre mixed-use, master planned community known as Olde Towne, which is located in one of the fastest growing submarkets 6 miles east of downtown Raleigh, North Carolina.
- Zoning and entitlements in place allowing for up to 360,000 square feet of retail and 110,000 square feet of office development.
- ±2,000 future residential units which consists of 360 apartments delivered in 2021 and an additional 450 currently under construction. Lennar Homes started a phased delivery of 584 townhomes in Q1 2022 which are priced between $350,000 – $410,000. An additional ±700 single family units will follow and are expected to start delivering in 2023.
- Roadway and master stormwater infrastructure are already in place.
- Rare opportunity for a developer to capitalize on retail voids in the market, as well as save time, money, and risk by entitlements and development secured and created by the seller.
Contact Us About This Property
Karl Hudson IV, CCIM
Partner, Land Services
Principal, Retail Services
Senior Vice President
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The Village Shoppes at Olde Towne
2221 South New Hope Road Raleigh, North Carolina 27610