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Taurus Snags $34M Raleigh Community

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Olde Raleigh aerial Taurus Investment Holdings acquired the Olde Raleigh garden - style apartment community in the Northwest submarket of Raleigh, N.C. The company purchased the property from Chaucer Creek Capital for $33.5 million.  Located at 4000 Grand Manor Court , the 228- unit community features one-, two- and three- bedroom floorplans ranging from 716 to 1,523 square feet. Interior features include gourmet kitchens , walk-in closets, washer/dryer connections, bay windows, crown molding, nine-foot ceilings, garden tubs, faux wood plank flooring , private balcony/patios, brushed nickel faucets , stainless steel appliances , refinished white cabinets , spring carnival faux granite counter tops , columns and built-in bookshelves. Amenities with an upgrade “Taurus plans to execute an extensive renovation plan throughout the property including: high- quality interior renovations of the apartment homes, new and upgraded amenities on site, exterior cosmetic improvements , and sus...

William Peace University to Expand Student Housing with Wolf Creek Apartments Partnership

William Peace University to Expand Student Housing with Wolf Creek Apartments Partnership Four- Year Baccalaureate University Partners with Wolf Creek Apartments to Offer University - Affiliated Housing . Raleigh, NC, February 22, 2013 --(PR.com)-- William Peace University (http://www.peace.edu), a private four- year university located in downtown Raleigh, has announced that the Board of Trustees has approved a partnership between the university and Wolf Creek Apartments , which will provide the option of University- affiliated student housing to all sophomore, junior and senior students. The apartments, which are located at 403 Wolf Creek Circle , provide an excellent student housing community in southwest Raleigh, with four-bedroom options to fit all lifestyles. Operating in the same manner as on-campus housing, Wolf Creek Apartments will have William Peace University resident staff living on-site. Additionally, the apartments will host student activities and have a shut...

High-end apartments coming to West End | Local News

Luxury apartments going up between Brookstown Avenue and Green Street will meet a demand for the advantages in amenities and design that a new building can offer, one of the developers of West End Station says. The $35 million development will provide 229 apartments in a block that’s close to both the center of downtown and the BB&T Ballpark, said Porter Jones, the president of DPJ Residential, a Charlotte-based developer doing its first project in Winston-Salem. “We think Winston-Salem is in the very early stages of growth compared to Charlotte and Raleigh that have experienced a lot of urban revitalization,” Jones said. “We are attracted by the (Wake Forest) Innovation Quarter and what is going on with Wake Forest and Baptist downtown. That is a great incubator for growth companies.” DPJ Residential and Chaucer Creek Capital of Raleigh are going 50/50 on the development. Chaucer Creek Capital owns the Gallery Lofts apartment community in downtown Winston-Sale...

Infill residential development planned for Raleigh's ‘Tiny Town’

Developers plan to build a community of new homes in the midst of an established neighborhood at the edge of downtown. The new houses will replace a cluster of small rental homes known as Tiny Town near the Oakwood and Mordecai neighborhoods . The rental community , called the Brookview Apartments, is under contract by residential developer Community Properties in a joint venture with builder Robuck Homes . The property was originally listed for $5.3 million. A final purchase price has not been disclosed. Jack Morisey, president of Community Properties , said the area is ripe for development, especially with the revitalization of North Person Street , which includes new restaurants, shops and bars. “We want to do something that’s really attractive, that really fits in. We certainly understand that the Mordecai and Oakwood neighborhoods are treasures,” he said. The move toward infill development is one example of the new ways developers are looking to build in Raleigh’s dense down...

East Colfax or East Montclair? A Denver neighborhood weighs its legacy with Colfax’s new brand

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Patricia Partida and two of her grandchildren outside her home near East Colfax. (Andrew Kenney/Denverite)" width="1000" height="667" /> Patricia Partida and two of her grandchildren outside her home near East Colfax. (Andrew Kenney/Denverite) Patricia Partida has lived near Colfax Avenue in the eastern reaches of Denver for nearly 15 years. She leaned against the black garbage bin outside her apartment door, thinking about the question she’d just been asked: What was this neighborhood’s name? “Oh, shoot,” she said. “If there is a name, it’s a bad name. They don’t say anything good about this place.” Kandyce Neal, 17, was also unsure what to call the place where she lives. Pausing in her walk down Colfax, where the most visible businesses include motels and occasionally a strip club, she composited the names of better-known places. “Right after Park Hill, just before Aurora,” she said. “It’s the in-between.” Flor Mira, 16, had a more cynical name for the...