Property Details
Property Overview
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.
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The Village Shoppes at Olde Towne
±65.99 acre
2221 South New Hope Road Raleigh, North Carolina 27610