100 more condos planned for downtown Durham | News
News
INDY Week's news blog

Archives | RSS

Monday, September 29, 2014

100 more condos planned for downtown Durham

Posted by on Mon, Sep 29, 2014 at 3:36 PM

501 Realty is working with a developer on a new condo project in downtown Durham, according to an email sent to businesses at American Underground at Main. The INDY offices are in the same building as AU at Main.

The project will bring 100 new condos ranging from $230,000 to $900,000. The email asked workers for feedback about amenities, prices and other quality of life questions.

"Great live/work opportunity, and a great addition to downtown living opportunities," the email read, "as there aren't many condos currently available in Durham." 

Tammi Brooks of 501 Realty said the details, including the developer's name, would not be finalized for several weeks. 

As the INDY reported in August, almost all of the new developments—and there are many—are high-end. Eight condos are being built at Church and Main streets, ranging in price from $459,000 to $536,000. And 31 condos are planned for the City Center Tower at Main and Corcoran streets. Those condos run from $300,000 to $1.6 million. More than half of them are already reserved.

The news of the condo project comes at a time when safe, affordable housing, particularly near downtown, is scarce. The city, county and Triangle Transit, Coalition on Affordable Housing and Transit, Durham CAN and Durham Community Land Trustees have been hosting meetings to address the issue, which is only going to escalate as the light-rail project between Orange and Durham counties is built over the next decade.

Tags: , , , , , , ,

Pin It

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

I would like to share with you something that I discovered few months ago that saved my life in relation …

by gray silva on Study: N.C. among 10 states with highest HIV infection, death rates (News)

Your headline is misleading... there is nothing in this story about him actually visiting his golf course and checking on …

by rlstrnad on President Trump Visited North Carolina This Morning to Console Us, Check on His Golf Course (News)

Most Recent Comments

I would like to share with you something that I discovered few months ago that saved my life in relation …

by gray silva on Study: N.C. among 10 states with highest HIV infection, death rates (News)

Your headline is misleading... there is nothing in this story about him actually visiting his golf course and checking on …

by rlstrnad on President Trump Visited North Carolina This Morning to Console Us, Check on His Golf Course (News)

N&O reports he said "I can't tell you why, but I love that area." Which is it? I need to …

by terryboo on President Trump Visited North Carolina This Morning to Console Us, Check on His Golf Course (News)

You need to correct it. Duke Energys CEO is Lynn Good. …

by Chad Jones on President Trump Visited North Carolina This Morning to Console Us, Check on His Golf Course (News)

Also worth noting that Thom Tillis and David Rouzer were both present at the recent "National Agriculture Leaders Roundtable" at …

by CB77 on President Trump Visited North Carolina This Morning to Console Us, Check on His Golf Course (News)

© 2018 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation