“We are thrilled to secure this premier development site in one of the Southeast’s most dynamic markets,” said Pat Foster, Regional Development Partner at Westplan Investors. “Raleigh and the broader Triangle market offer exceptional growth opportunities, and this investment underscores our commitment to creating high-quality multifamily communities in thriving, high-growth markets.”
Located in North Raleigh, the future community will provide residents with outstanding access to major employment hubs, walkable grocery-anchored retail, and a wealth of recreational amenities, including nearby greenways and parks.
Construction is expected to begin in 2025. Westplan Investors acquired the site from Williams Realty & Building Company, Inc., with Teddy Hobbs of JLL representing the seller.
