Blue Heron identified the demand for urban residential living in the rapidly-developing and dynamic downtown Durham sub-market and acquired a prime one acre urban infill site at competitive basis. The site abuts Durham Central Park, which is home to the Durham Farmers’ Market, and is adjacent to the 1.7M+ sq.ft Innovation District which is currently under construction. Durham continues to see a revitalization and redevelopment of its downtown, with numerous new apartments, hotels, restaurants, bars, craft breweries, shops, art galleries, and yoga, dance, and fitness studios in the immediate neighborhood.
Acquired prime site adjacent to Central Park at competitive land basis.
Achieved unanimous support from the executive board of Durham Central Park
Obtained entitlements from City of Durham, including development agreement.
Closed on construction financing and began construction in May 2018.