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ID PROPERTY UNITS1 Hampton Village of Youngsville Phase III 1202 Velvet Cloak Inn Redevelopment 1503 Flats at 540, The 2124 Meridian at Broad Street Market 2165 Mark at Durham One, The 3056 Republic Flats 3307 54 Station 2648 Overture Crabtree 2039 Dakota, The 31410 Park Central 28611 616 at the Village 20712 Carolinian on Glenwood, The 18613 Exchange on Erwin, The 26514 Avellan Springs 28815 Deer Harbor 24816 Woodstone at Croasdaile Farm Phase II 14417 Carolina Square 24618 Creekside at Crabtree 33519 Post Parkside at Wade Phase II 406
Total Lease-Up 4,72520 Metropolitan, The 24121 Lodge at Croasdaile, The 32022 Ovation at Weston 30823 Perimeter Park 26224 Crabtree North 53325 Dillon, The 26126 Glenwood Place 29227 Pennington Grove Senior 8328 Mangum Street & Dillard Street 20029 Villages of Lake Boone Trail Redevelopment, The 24530 Lake Crabtree 20031 Lofts at Southside Phase II, The 8532 Residences at Shelton Station, The 94
Total Under Construction 3,12433 Beacon Ridge 7234 West Street & Harrington Street 44535 Ridgewood 15036 109 Park Avenue 8337 Standard at Raleigh, The 21738 Bacarra Phase II 20039 Post Parkside at Wade Phase III 5040 Solis Crabtree Phase II 23241 St. Albans Drive 10042 Swift Creek Station 20043 Meridian at Nichols Plaza 30044 5401 North 110045 Crowne at Cary Place 19746 Residences at Shiloh Crossing 31847 Alta at Southpoint 5648 Morehead Hills Senior 7549 TW Alexander Place 20350 Glen Lennox Cottages Redevelopment 60051 Timber Hollow Phase II 10652 Pines, The 24053 Spencer Ridge 17054 5708 Farrington 60055 Graduate, The 10056 Amity Station 20457 Grove Park Student 346
Total Planned 6,36458 City Centre 24259 FNB Tower 24260 Longview 17261 400H 21662 West 15363 West Phase II 17764 102 Logan 8165 Hillstone Cameron Village 20166 Ligon Building Site 5567 Studio 1912 54
68 Overture Centennial 18069 Homewood Banks 21070 Sterling Glenwood Phase II 5071 North Rogers Lane 10072 Shelbourne Senior 13873 Cary Towne Center 10074 Parkway Place 19875 Hawthorne North Ridge Phase II 30076 Triangle Place Promenade 39277 Veridea 5078 Williams Street 25079 Villages of Apex South 23280 Ashbourne 6481 Weatherstone Spring Phase II 8082 University Marketplace 32483 518 Morehead 12484 555 Magnum 40085 218 North Dillard Street 5386 614 Rigsbee Avenue 10087 Bethpage Multifamily 62588 Brier Creek Town Center 25089 Cambridge Village at Brier Creek 31690 Research Triangle Park 35091 Research Triangle Park Phase II 25092 Villages at Ellis Crossing Phase II, The 26493 Obey Creek 30094 Carraway Village 40095 Chartwell 19096 Crown Honda-Volvo Site 20097 Flats at UNC, The 20098 Lloyd Farm 29399 SEC Europa Road & Legion Road 350100 Collins Ridge 326101 Collins Ridge Phase II 326102 Gardens at Addison Place, The 56103 Walton Farms 190104 401 South 177105 Tippet Place 68106 McDougald Terrace Redevelopment 820107 St. Paul Village 71108 Flynt Fabric Mill 104
Total Prospective 11,064
a Berkshire Hathaway and Leucadia National company
Raleigh-Durham New Construction & Proposed Multifamily Projects
Lease-Up
Under Construction
Planned
Prospective
LEGEND
3Q17
Source: Yardi Matrix10 mi
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9190 87
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106
83 84
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ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE FORECASTED COMPLETION DATE START OF RENT-UP
1 Hampton Village of Youngsville Phase III 418 Hampton Lane Youngsville NC 27596 Danco Builders Lease-Up 120 Louisburg 12/01/2016 10/31/2018 03/01/2017
2 Velvet Cloak Inn Redevelopment 1505 Hillsborough Street Raleigh NC 27605 Blue Vista Capital Group Lease-Up 150 Hinton 04/06/2017 09/30/2018 08/24/2017
3 Flats at 540, The 4001 Reedybrook Crossing Apex NC 27502 RST Development Lease-Up 212 Morrisville 12/31/2016 06/30/2018 08/07/2017
4 Meridian at Broad Street Market 404 Broad Street Fuquay-Varina NC 27526 NorthView Partners Lease-Up 216 Fuquay-Varina 01/01/2017 03/31/2018 07/01/2017
5 Mark at Durham One, The 504 East Pettigrew Street Durham NC 27701 Woodfield Investments Lease-Up 305 Hope Valley 11/02/2015 03/31/2018 06/01/2017
6 Republic Flats 800 Finsbury Street Durham NC 27703 Pollack Shores Lease-Up 330 Lowes Grove 09/01/2016 03/31/2018 06/01/2017
7 54 Station 1415 East State Highway 54 Durham NC 27713 Brown Investment Properties Lease-Up 264 Lowes Grove 12/31/2016 02/28/2018 06/01/2017
8 Overture Crabtree 4408 Marriott Drive Raleigh NC 27612 Greystar Lease-Up 203 Crabtree Valley 11/30/2016 01/31/2018 02/28/2017
9 Dakota, The 1201 Pine Haven Drive Raleigh NC 27607 Pollack Shores Lease-Up 314 Westover 09/30/2016 12/31/2017 08/01/2017
10 Park Central 200 Park at North Hills Street Raleigh NC 27609 Kane Realty Lease-Up 286 Crabtree Valley 12/01/2015 11/30/2017 03/01/2017
11 616 at the Village 616 Oberlin Road Raleigh NC 27605 Wood Partners Lease-Up 207 Ridgewood 01/15/2015 11/30/2017 12/12/2016
12 Carolinian on Glenwood, The 2600 Glenwood Avenue Raleigh NC 27608 Grubb Ventures Lease-Up 186 Laurel Hills 03/01/2016 10/31/2017 06/01/2017
13 Exchange on Erwin, The 2610 Erwin Road Durham NC 27705 Ram Real Estate Lease-Up 265 Duke University 12/31/2016 10/31/2017 03/28/2017
14 Avellan Springs 4551 Crown Pkwy Morrisville NC 27560 Edward Rose & Sons Lease-Up 288 Reasearch Triangle 10/29/2013 10/31/2017 10/01/2014
15 Deer Harbor 1100 Deer Harbor Drive Garner NC 27529 Premiere Homes Lease-Up 248 Downtown Raleigh 09/01/2015 09/30/2017 04/01/2017
16 Woodstone at Croasdaile Farm Phase II 2547 Bittersweet Drive Durham NC 27705 Garden View Realty Lease-Up 144 Huckleberry Springs 10/22/2015 09/30/2017 02/28/2017
17 Carolina Square 123 West Franklin Street Chapel Hill NC 27516 Northwood Ravin Lease-Up 246 Carrboro 10/22/2015 09/30/2017 12/14/2016
18 Creekside at Crabtree 4700 Riverwood Circle Raleigh NC 27612 Martin Fein Interests Lease-Up 335 Glen Forest 07/01/2014 09/30/2017 08/31/2016
19 Post Parkside at Wade Phase II 5430 Wade Park Blvd Raleigh NC 27607 MAA Lease-Up 406 Westover 10/16/2014 04/30/2014 05/24/2016
TOTAL LEASE-UP 4,725
20 Metropolitan, The 314 West Jones Street Raleigh NC 27603 Banner Property Management Under Construction 241 Oakwood 09/28/2016 07/31/2019
21 Lodge at Croasdaile, The Horton Road & Hillandale Road Durham NC 27705 Symphony Properties Under Construction 320 Huckleberry Springs 02/28/2017 12/31/2018
22 Ovation at Weston Evans Road & Weston Pkwy Cary NC 27513 Carlyle Group, The Under Construction 308 North Cary 06/01/2016 09/30/2018
23 Perimeter Park SEC Interstate 540 & Slater Road Morrisville NC 27560 Davis Development Under Construction 262 Lowes Grove 03/31/2017 06/30/2018
24 Crabtree North NWC Lead Mine Road & Glenwood Avenue Raleigh NC 27612 EYC Companies Under Construction 533 Crabtree Valley 01/04/2017 03/31/2018
25 Dillon, The South Boylan Avenue & West Hargett Street Raleigh NC 27603 Kane Realty Under Construction 261 Downtown Raleigh 02/01/2016 02/28/2018
26 Glenwood Place 3310 Woman's Club Drive Raleigh NC 27612 Grubb Ventures Under Construction 292 Laurel Hills 01/03/2017 01/31/2018
27 Pennington Grove Senior 0 Heather Park Drive Garner NC 27529 DHIC Under Construction 83 Garner 04/01/2017 01/31/2018
28 Mangum Street & Dillard Street SEC Mangum Street & Dillard Street Durham NC 27707 Northwood Ravin Under Construction 200 Hope Valley 01/11/2017 01/31/2018
29 Villages of Lake Boone Trail Redevelopment, The 2515 Landmark Drive Raleigh NC 27607 Tribridge Residential Under Construction 245 Laurel Hills 05/31/2016 11/30/2017
30 Lake Crabtree 2599 Evans Road Morrisville NC 27560 Bainbridge Companies Under Construction 200 Morrisville 08/01/2016 11/30/2017
31 Lofts at Southside Phase II, The East Lakewood Avenue & South Roxboro Street Durham NC 27707 McCormack Baron Salazar Under Construction 85 Hope Valley 12/01/2016 10/31/2017
32 Residences at Shelton Station, The 500 North Greensboro Street Carrboro NC 27510 Belmont Sayre Under Construction 94 Chapel Hill 02/01/2016 10/31/2017
TOTAL CONSTRUCTION 3,124
33 Beacon Ridge 1440 Rock Quarry Road Raleigh NC 27610 DHIC Planned 72 Downtown Raleigh
34 West Street & Harrington Street West Street & Harrington Street Raleigh NC 27603 Kane Realty Planned 445 Oakwood
35 Ridgewood 3514 Wade Avenue Raleigh NC 27607 CCH Properties Planned 150 Ridgewood
36 109 Park Avenue 109 Park Avenue Raleigh NC 27605 FMW Real Estate Planned 83 Hinton
37 Standard at Raleigh, The 3101 Hillsborough Street Raleigh NC 27607 Landmark Properties Planned 217 Hinton
38 Bacarra Phase II 6300 Western Blvd Raleigh NC 27606 Carroll Companies, The Planned 200 Westover
39 Post Parkside at Wade Phase III 5430 Wade Park Blvd Raleigh NC 27607 MAA Planned 50 Westover
40 Solis Crabtree Phase II 4501 Blue Ridge Road Raleigh NC 27612 Terwilliger Pappas Planned 232 Laurel Hills
41 St. Albans Drive 3450 Quail Hollow Drive Raleigh NC 27609 DeWitt Carolinas Planned 100 Millbrook
42 Swift Creek Station Old Stage Road & Vandora Springs Raleigh NC 27603 Anthony Jr., Jim I. Planned 200 Garner
43 Meridian at Nichols Plaza Park Summit Blvd & Pine Plaza Drive Apex NC 27523 NorthView Partners Planned 300 South Cary
44 5401 North 6368 Louisburg Road Raleigh NC 27616 Engquist-Level Development Planned 1100 New Hope
45 Crowne at Cary Place 4000 Cary Glen Blvd Cary NC 27519 Crowne Partners Planned 197 Morrisville
46 Residences at Shiloh Crossing 1100 Shiloh Glenn Drive Morrisville NC 27560 Cambridge Development Group Planned 318 Morrisville
47 Alta at Southpoint Audubon Lake Circle & Johnson Victory Circle Durham NC 27713 Wood Partners Planned 56 Woodcroft
48 Morehead Hills Senior 500 Cobb Street Durham NC 27701 Western North Carolina Housing Partnership Planned 75 Duke University
49 TW Alexander Place 7651 ACC Blvd Raleigh NC 27617 Davis Development Planned 203 Reasearch Triangle
50 Glen Lennox Cottages Redevelopment 5 Hamilton Road Chapel Hill NC 27517 Grubb Properties Planned 600 Chapel Hill
51 Timber Hollow Phase II 101 Timber Hollow Court Chapel Hill NC 27514 Eller Capital Partners Planned 106 Chapel Hill
52 Pines, The 42 Glen Laurel Road Clayton NC 27527 Commercial Properties Planned 240 Outlying Johnston County
53 Spencer Ridge NEC Falls of Neuse Road & Raven Ridge Road Raleigh NC 27614 D & N Development Planned 170 Neuse Crossroads
54 5708 Farrington 5708 Farrington Road Durham NC 27707 Wood Partners Planned 600 Colony Park
55 Graduate, The 106 Mallette Street Chapel Hill NC 27516 Wintergreen Hospitality Planned 100 Carrboro
56 Amity Station 322 West Rosemary Street Chapel Hill NC 27516 Short, Larry Planned 204 Chapel Hill
57 Grove Park Student 425 Hillsborough Street Chapel Hill NC 27514 Segar, J. Randolph Planned 346 Chapel HillTOTAL PLANNED 6,364
Source: Yardi Matrix
Raleigh-Durham New Construction and Proposed Multifamily Projects
ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE FORECASTED COMPLETION DATE START OF RENT-UP
59 FNB Tower 501 Fayetteville Street Raleigh NC 27601 Dominion Realty Partners Prospective 242 Downtown Raleigh
60 Longview 101 Poe Drive Raleigh NC 27610 Longview Partners Prospective 172 Downtown Raleigh
61 400H Hillsborough Street & North West Street Raleigh NC 27603 Kilpatrick Prospective 216 Oakwood
62 West 413 North Harrington Street Raleigh NC 27603 Beacon Partners Prospective 153 Oakwood
63 West Phase II 437 North Harrington Street Raleigh NC 27603 Beacon Partners Prospective 177 Oakwood
64 102 Logan 102 Logan Court Raleigh NC 27607 Next Chapter Properties Prospective 81 Ridgewood
65 Hillstone Cameron Village Maiden Lane & Hillsborough Street Raleigh NC 27607 Leon Capital Group Prospective 201 Ridgewood
66 Ligon Building Site 800 St. Marys Street Raleigh NC 27605 Selwyn Property Group Prospective 55 Ridgewood
67 Studio 1912 1912 Hillsborough Street Raleigh NC 27607 Bell View Partners Prospective 54 Ridgewood
68 Overture Centennial Western Blvd & Bilyeu Street Raleigh NC 27606 Greystar Prospective 180 Hinton
69 Homewood Banks 5510 Homewood Banks Drive Raleigh NC 27612 Dominion Realty Partners Prospective 210 Laurel Hills
70 Sterling Glenwood Phase II Swann Street & Varnell Avenue Raleigh NC 27612 Grubb Properties Prospective 50 Laurel Hills
71 North Rogers Lane 300 North Rogers Lane Raleigh NC 27610 Marlowe & Moye Prospective 100 Wilders Grove
72 Shelbourne Senior 7000 Regency Pkwy Cary NC 27518 Formation-Shelbourne Senior Living Service Prospective 138 Piney Plains
73 Cary Towne Center 1105 Walnut Street Cary NC 27511 CBL & Associates Properties Prospective 100 South Cary
74 Parkway Place NW Cary Pkwy & Evans Road Cary NC 27513 Singh Development Prospective 198 North Cary75 Hawthorne North Ridge Phase II 6615 The Lakes Drive Raleigh NC 27609 Hawthorne Residential Partners Prospective 300 Lynn
76 Triangle Place Promenade 6100 Triangle Town Blvd Raleigh NC 27616 Faison & Associates Prospective 392 Neuse Crossroads
77 Veridea SWC East Williams Street & U.S. Highway 1 Apex NC 27502 Lookout Ventures Prospective 50 Feltonville
78 Williams Street 1528 East Williams Street Apex NC 27539 Aquiline Capital Partners Prospective 250 Feltonville
79 Villages of Apex South 1960 Apex Peakway Apex NC 27502 Halle Companies, The Prospective 232 Apex
80 Ashbourne 2540 High House Road Cary NC 27519 JLG Corporation Prospective 64 Morrisville
81 Weatherstone Spring Phase II 200 Weather Ridge Lane Cary NC 27513 Evergreen Prospective 80 Morrisville
82 University Marketplace 3117 Shannon Road Durham NC 27707 Hawthorne Residential Partners Prospective 324 Hope Valley
83 518 Morehead 518 Morehead Avenue Durham NC 27707 Lomax Properties Prospective 124 Duke University
84 555 Magnum Mangum Street & Jackie Robinson Drive Durham NC 27701 Northwood Ravin Prospective 400 Duke University
85 218 North Dillard Street 218 North Dillard Street Durham NC 27701 Scott J. Harmon Prospective 53 Downtown Durham
86 614 Rigsbee Avenue 614 Rigsbee Avenue Durham NC 27701 Gardner Stokes Prospective 100 Downtown Durham
87 Bethpage Multifamily 3650 Page Road Durham NC 27703 Reader & Partners Prospective 625 Reasearch Triangle
88 Brier Creek Town Center 8040 Arco Corporate Drive Raleigh NC 27617 American Asset Corporation Prospective 250 Reasearch Triangle
89 Cambridge Village at Brier Creek Brier Creek Pkwy & TW Alexander Drive Brier Creek NC 27617 Oliver Development Prospective 316 Reasearch Triangle
90 Research Triangle Park Davis Drive & East Cornwallis Road Triangle NC 27709 Hines Interests Prospective 350 Reasearch Triangle
91 Research Triangle Park Phase II Davis Drive & East Cornwallis Road Triangle NC 27709 Hines Interests Prospective 250 Reasearch Triangle
92 Villages at Ellis Crossing Phase II, The 400 Advancement Avenue Durham NC 27703 Halle Companies, The Prospective 264 Reasearch Triangle
93 Obey Creek U.S. Highway 15 & Market Street Chapel Hill NC 27517 East West Partners Prospective 300 Carrboro
94 Carraway Village 3000 Eubanks Road Chapel Hill NC 27516 Northwood Ravin Prospective 400 Chapel Hill
95 Chartwell NEC Estes Drive & Martin Luther King Jr Blvd Chapel Hill NC 27514 Progressive Capital Group Prospective 190 Chapel Hill
96 Crown Honda-Volvo Site 1711 Legion Road Chapel Hill NC 27517 Leon Capital Group Prospective 200 Chapel Hill
97 Flats at UNC, The 617 Martin Luther King Jr. Blvd Chapel Hill NC 27514 Lawler Development Group Prospective 200 Chapel Hill
98 Lloyd Farm NEC Highway 54 & Old Fayetteville Road Carrboro NC 27510 Argus Development Group Prospective 293 Chapel Hill
99 SEC Europa Road & Legion Road SEC Europa Road & Legion Road Chapel Hill NC 27517 Woodfield Investments Prospective 350 Chapel Hill
100 Collins Ridge Daniel Boone Street & White Pine Trail Hillsborough NC 27278 Caruso Homes Prospective 326 Hillsborough
101 Collins Ridge Phase II Daniel Boone Street & White Pine Trail Hillsborough NC 27278 Caruso Homes Prospective 326 Hillsborough
102 Gardens at Addison Place, The 500 South Boling Street Clayton NC 27520 WAJ Management Prospective 56 Clayton
103 Walton Farms 3131 Covered Bridge Road Clayton NC 27527 Fred Smith Company Prospective 190 Clayton
104 401 South 9408 Fayetteville Road Raleigh NC 27603 WAJ Management Prospective 177 Fuquay-Varina
105 Tippet Place 778 Tippet Road Angier NC 27501 Pendergraph Companies Prospective 68 Smithfield
106 McDougald Terrace Redevelopment 1101 East Lawson Street Durham NC 27701 Durham County Housing Authority Prospective 820 Hope Valley
107 St. Paul Village 1604 Purefoy Drive Chapel Hill NC 27516 St. Paul AME Church Prospective 71 Chapel Hill
108 Flynt Fabric Mill 202 South Nash Street Hillsborough NC 27278 Landmark Group Prospective 104 HillsboroughTOTAL PLANNED 11,064
TOTAL RALEIGH-DURHAM 25,277
Source: Yardi Matrix
Raleigh-Durham New Construction and Proposed Multifamily Projects
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