300 more apartments coming to downtown Durham—and none of them for us peasants | News
News
INDY Week's news blog

Archives | RSS

Friday, November 7, 2014

300 more apartments coming to downtown Durham—and none of them for us peasants

Posted by on Fri, Nov 7, 2014 at 8:34 AM

We finally cleared the election haze from our eyes yesterday and read in the Triangle Business Journal that the Hendrick Durham Auto Mall property is being sold and converted into a mixed-use development with 308 luxury apartments—luxury meaning not affordable for us peasants who work downtown or would like to live in the city center.

A Charlotte developer, CitiSculpt is purchasing the 12.5-acre property at 409 S. Roxboro St.,  which has a tax value of $7 million, the TBJ reported.

Here's a quote from the story:
"[CitiSculpt Managing partner Charles Lindsay McAlpine] explains that the site is divided in such a way that it could support four areas, or pods, of development: one for a high-rise office or medical office building use; one for transit-oriented development due to its proximity to the proposed Durham transit line; one for multifamily apartments; and one for dense, mixed-use development fronting Roxboro Street."

The key statement is that the development will be close to the proposed Durham transit line. The city, Triangle Transit, Durham Community Land Trustees and Durham CAN have held public meetings over the past six weeks, with more to come, about building and preserving affordable housing near the light rail route. 

As the INDY reported in September, the economic, educational and residential benefits of light rail are well-documented. Businesses open near the rail stops, creating jobs. Affordable housing allows low- and moderate-income people to go to school, work and live without the expense of a car.

However, to ensure that the system benefits everyone, not just the wealthy, city and county officials and advocacy groups have to establish a bulwark against high-end development run amok. Earlier this year, City Council and County Commissioners passed a resolution setting a goal that 15 percent of housing within a half-mile of transit stops will be affordable. To reach that goal, some housing will need to be created; other will need to be preserved. 

It's time to update the INDY's chart of new apartment and condo developments. As of August, 2,684 apartments and condos were under construction or would be by next year. Add the 100 that 501 Realty is planning, plus these 308 and another 140 if the Greystone Inn project happens, and that comes to ... 3,232, with the only affordable units being the Lofts at Southside, which is heavily subsidized by the city.

Tags: , , , , , , , , ,

Pin It

Comments (8)

Showing 1-8 of 8

Add a comment

 
Subscribe to this thread:
Showing 1-8 of 8

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

It's spelled "Zainab Baloch".

by jason0x21 on Baldwin Bows Out of Raleigh At-large Race; All Council Candidates Have Opposition (News)

I live in Durham NC. We have a large growth in the last 6 years. The city have really gotten …

by Margaret Houston on Section 8 Voucher Holders Are Having a Hard Time Finding Housing in Durham (News)

Most Recent Comments

It's spelled "Zainab Baloch".

by jason0x21 on Baldwin Bows Out of Raleigh At-large Race; All Council Candidates Have Opposition (News)

I live in Durham NC. We have a large growth in the last 6 years. The city have really gotten …

by Margaret Houston on Section 8 Voucher Holders Are Having a Hard Time Finding Housing in Durham (News)

@ Hunter23 "A combination of investors and loans" is not specific, and nowhere in the article is the phrase "private …

by RJO_III on North Carolina FC and John Kane Want to Put a Big Ol' Soccer Stadium in Downtown Raleigh (News)

The article clearly states the building would be privately funded with the state/local gov pitching in for infrastructure enhancement. The …

by Hunter23 on North Carolina FC and John Kane Want to Put a Big Ol' Soccer Stadium in Downtown Raleigh (News)

I truly admire the passion and support the message. But it seems standing on an overpass during rush hour traffic …

by Diane Alenezi on High Above I-40, Protesters Call for "Health Care 4 All" (News)

© 2017 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