The Village Shoppes at Olde Towne

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.