Background

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’s Central Park, overlooks the Durham Farmers’ Market, and is adjacent to the 1.7M+ sq.ft proposed 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.   

www.fosteronthepark.com

Achievements

  • 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.

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