Multi-Family
Perimeter Pointe Apartments
Charlotte, NC
Perimeter Pointe apartments are ideally situated within the LakePointe Corporate Center, providing residents a desirable and quite neighborhood feel while being located less than 10-minutes from Charlotte’s major employment hubs. Located just minutes (0.5 miles) from Billy Graham Parkway and between I-77 and I-85, the community has great access throughout the greater Charlotte market, including a 10-minute drive from Charlotte Douglas International Airport. Additionally, the community is less than a 10-minute drive to the nexus of activity that is exploding in the heart of South End. The community will offer high-end, energy efficient, and smart apartment units. The unit finishes include oversized windows and sliding glass doors, nest thermostats, and key-less unit entry. Additional community amenities include a large resort style pool and activity lawn, automated package delivery system, state of the art exercise facility with interactive fitness class studio, and club/game room.
Atlantic Springs Place Apartments
raleigh, NC
The projectors and popcorn are gone and the trucks are moving in to kick off construction on a new apartment complex on the site of a defunct AMC movie theater in northeast Raleigh.
Raleigh developer Dominion Realty Partners is starting work on the 264-unit Atlantic Springs Place Apartments. DRP recently bought the site at 5501 and 5591 Atlantic Springs Road for $7.9 million, according to Wake County property records. The movie theater closed in 2020.
Dominion plans to deliver the first units in the fall of next year.
Amenities at the apartments will include a pool and green-activity lawn, automated package delivery system, exercise facility with interactive fitness class studio and a club and game room, according to DRP.
“This site is a great case study in the changing dynamics of our market. Covid got the best of the movie theater’s business, but we were able to find a way to capitalize on this opportunity,” DRP Principal Chris Carlino said in a statement. “I think we will start to see a lot more repositioning of older assets, as the desire to develop and own real estate in this market continues to grow. We are appreciative of the city’s support in helping us get to this point as they continue to be a great partner, helping to grow the community in a smart and sustainable way.”
As with many of its projects, DRP plans to incorporate a number of sustainable features into the community and says it plans to obtain a green designation from the National Association of Home Builders.
“The Northeast Raleigh submarket has long been a desirable area that has recently seen a need for newer attainable housing options. We believe Atlantic Springs Apartments will help with this void,” Carlino said.
Citizens Bank (NYSE: CFG) is providing financing. Rule Joy Trammell & Rubio and Piedmont Land Design are the designers. Armada Hoffler is the general contractor overseeing construction. Dan Marquardt with The Marquardt Group assisted in the property sale.
The project joins a number of developments DRP has in the works in the Triangle and across the Southeast. Elsewhere in Raleigh, DRP has begun construction on the Fox Crossing Apartments, calling for 240 units across a collection of 3-story buildings. And in downtown, the company is eyeing a 2022 start on its multi-tower Salisbury Square project.
Everly on 401
raleigh, NC
A local developer is kicking off construction on a new apartment community in Raleigh just outside the Intestate 540 loop.
This week, Dominion Realty Partners of Raleigh announced the start of construction on the Fox Crossing Apartments, calling for 240 units across a collection of 3-story buildings.
The project is situated on 8.6 acres at 7001 Louisburg Road by Wake Tech’s 127-acre Scott Northern Wake Campus and down the road from a Food Lion-anchored retail center.
“This is a really booming area of the market that we are excited to plant a flag in,” said Chris Carlino, DRP principal, in a statement. “We are strong believers in the growth of the 401 corridor and as our population continues to grow, so does the need for attainable housing communities. Having a nearly 130-acre campus for Wake Tech across the street from us will be huge benefit to our tenants.”
The northeast Raleigh corridor along Louisburg Road (Highway 401) is seeing interest from both commercial and residential developers. North of the site for the apartments, KB Home (NYSE: KBH) has filed plans for 173 new single-family homes adjacent to the Highland Creek subdivision.
DRP bought the Fox Crossing site for $4.165 million this month, according to Wake County deed records.
The company plans to deliver the first units next summer. Amenities include a large resort-style pool, green activity lawn, automated package delivery system, exercise facility and a club and game room. DRP will also include green and sustainability considerations throughout the design and plans to obtain a green designation from the National Association of Home Builders.
It will be the company’s 35th green certified development.
Pinnacle Bank (Nasdaq: PNFP) is providing the financing for the project. Piedmont Land Design and Rule Joy Trammell & Rubio designed the project.
Armada Hoffler will be the general contractor overseeing the construction, and Sam Costello with Bell Commercial assisted in brokering the sale of the land.
The company filed plans for the project earlier this year.
The project is DRP’s fourth apartment groundbreaking this year, including two high-end communities in Richmond, Virginia, and one in Greenville, South Carolina.
In the Triangle, the company has a number of projects underway and in the works. It’s biggest in the area – Salisbury Square in downtown Raleigh – calls for pair of 20-story mixed-use towers and a 4-story residential building wrapping around a parking deck.
Peterson Station
holly springs, NC
Dominion Realty Partners (DRP) is proud to announce they have partnered with longtime landowner and entrepreneur Jeff Peterson and have commenced construction on their latest multi-family development project, Peterson Station at Sunset Lake. The project will add 316 apartments luxury residential unitsto Holly Springs on the corner of Sunset Lake Road and Stephenson Road. Along with the apartments, the project will include 43,000 square feet of ground floor retail that will be owned and managed by Peterson Properties, LLC. The 19-acre development is situated less than a mile from the future I-540 extension at Holly Springs Road.
With the connectivity to I-540, the community has great access throughout the greater Triangle market and provides needed housing for the booming Holly Springs economy that has seen a plethora of jobs announcements over the past 3 years. The community will offer high-end, energy efficient, and green certified smart apartment units. The unit finishes include oversized windows and sliding glass doors, nest thermostats, and keyless unit entry. Additional community amenities include a large resort style pool and green activity lawn, automated package delivery system, state of the art exercise facility with interactive fitness class studio, and club/game room.
Jeff Peterson first started working on his vision for the site in 2014. DRP was introduced to Jeff in 2020 and have since been partnering to get this project underway, “It has been great to see the continued growth and success of the Holly Springs market – something that DRP is incredibly thankful to be a part of. Commencing construction on Peterson Station highlights our commitment to bringing environmentally friendly, world-class communities to the area. We would like to thank Jeff Peterson as well as the town of Holly Springs for their support, vision, and help getting this project out the ground. The Holly Springs market has seen significant growth and this development will continue to contribute to the work/live community it has become” says DRP COO Chris Carlino.
As to the commercial component of Peterson Station, “we long ago recognized that this being the trifecta location of where Holly Springs, Cary & Apex come together along with the connectivity of I-540 that we are perfectly situated to service these communities. We are looking forward to bringing in some much-needed restaurants and service type businesses to the area, and by partnering with Dominion Realty Partners we also feel fortunate to bring their level of experience and expertise to this project” says Jeff Peterson, CEO of Peterson Properties.
Like all DRP developments, Peterson Station will include extensive green and sustainable elements and will obtain a bronze certification from the National Association of Home Builders (“NAHB”). This designation is obtained by developing with locally sourced materials, energy efficiency, and water saving techniques. Dominion Realty Partners, LLC has a long history of developing Green certified, environmentally conscious developments throughout the Southeast, recently receiving their 37th certification for a project. Peterson Station represents DRP’s continuing success and commitment to the Holly Springs market as it is the firm’s 2 nd project in the market. DRP delivered Holly Springs Place apartments in 2020.
Since COVID, DRP has completed or started over $1.3 billion worth of development projects across the Carolinas and Virginia. This will be DRP’s 9 th groundbreaking in the past 18 months, with two new Class A multi-family deals starting in Richmond, VA, one in Greenville, SC, one in Charlotte, one in Morrisville, and two in Northeast Raleigh submarket named Atlantic Springs and Fox Crossing. Additionally, DRP closed on Salisbury Square, a $300MM mixed use development in downtown Raleigh.
This development will create approximately 400 jobs through the construction process, adding to previous DRP projects that have created more than an estimated 30,000 jobs across Virginia, North Carolina, and South Carolina since 2006.
United Bank will provide the financing for the project. The project is designed by architectural firm Rule Joy Trammell & Rubio and civil engineering team The Spaulding Group. Armada Hoffler will be the general contractor overseeing the construction. Steven Peden with Avison Young assisted in the brokering of the partnership. The first units are anticipated to deliver in Q3 of 2024.
The Exchange Apartments
Charlotte, NC
Dominion Realty Partners (DRP) is proud to announce they have closed the debt and equity for their latest multi-family development, The Exchange Apartments. Construction is expected to commence this month on the project which will add 252 apartment and townhome luxury residential units to the Exchange Business Park located on 15.8 acres directly off I-77 and Tyvola Road.
The Exchange apartments are ideally situated within the Exchange Business Park, providing residents a desirable location to truly live, work, and play. The project’s proximity to the Blue Line Light Rail (0.5 miles from the Woodlawn stop) allows convenient access to the heart of Uptown / South End which offer preeminent destinations for shopping, restaurants, and other leisure activities. In addition, quick access to I-77 and Billy Graham Pkwy allow residents to easily reach the greater Charlotte metro area within minutes. The community will offer high-end, energy efficient, and smart apartment units. The unit finishes include oversized windows and sliding glass doors, nest thermostats, and keyless unit entry. Additional community amenities include a large resort style pool with a sundeck, coffee bar, state of the art fitness center with a Yoga & spin room, and club/game room.
The Exchange Apartments represents DRP’s continuing success and commitment to the Charlotte market and is the firm’s 5th project in the Charlotte metro. This represents over $400,000,000 of economic development in Charlotte since 2017. Notably, DRP delivered 401 FNB Tower in Uptown Charlotte in 2021, a 29 story mixed-use tower located between Bank of America Stadium and Truist Field. In addition to the Charlotte market experience, DRP is currently under development on 8 other apartment communities between Richmond, VA, The Triangle Region, Greenville, SC as well as Charlotte.
“It has been great to see the continued growth and success of the Charlotte market – something that DRP is incredibly thankful to be a part of. Commencing construction on the Exchange highlights our commitment to bringing environmentally friendly, world-class communities to the area. We would like to thank the City of Charlotte for their support, vision, and help getting this project out the ground. The Southwest corridor of Charlotte has seen significant growth and this development will continue to contribute to the work/live community it has become” says DRP Charlotte market leader Wade Woodworth. Being close to Lower South End, this project will provide immediate access to the growth in the corridor, while providing people a much more attainable rental rate than the 6+ story developments that have been completed nearby.
DRP would like to thank the project team for the collective effort from our equity partners, lending partners, and contractors/civil engineers/consultants to make this project a reality. United Bank, in partnership with Dogwood State Bank, will provide the financing for the project. “DRP is exceptionally proud to close and commence construction in the current environment, which is a testament to the teams hard-work, reputation, and dedication to providing a quality green development for the Charlotte community” says Woodworth.
Like all DRP developments, the Exchange Apartment project will include extensive green/sustainable elements and will receive a green certification from the National Association of Home Builders (“NAHB”). Dominion Realty Partners, LLC has a long history of developing Green certified, environmentally conscious developments throughout the Southeast, recently receiving their 37th certification for a project. This site is also a designated brownfield, under the NC Brownfield program.
This development will create approximately 400 jobs through the construction process, adding to previous DRP projects that have created more than an estimated 30,000 jobs across Virginia, North Carolina, and South Carolina since 2006. The Exchange apartments are designed by architectural firm Rule Joy Trammell & Rubio and civil engineering team LandDesign. Harkins will be the general contractor overseeing the construction. DRP would like to thank the seller, Dilweg, for their support throughout the transaction. Katherine Southard with CBRE assisted in the sale. The Richmond office of Hunton Andrews Kurth represented DRP in the transaction. The first units are anticipated to deliver in Q1 of 2024.
Boulders Lakeview
Chesterfield County, vA
Dominion Realty Partners (DRP) is proud to announce it is breaking ground on its latest multi-family development project in the greater Richmond area, Boulders Lakeview. Boulders Lakeview will consist of 212 Class A apartment units located at 1001 Boulders Springs Drive, Richmond, VA. The complex is adjacent to Boulders Lakeside, a 98% leased, 248-unit community that DRP opened in August of 2020.
The site is in one of the 212 Qualified Opportunity Zones in the Commonwealth. As part of the 2017 Federal Tax Cuts and Jobs Act of 2017, investors receive tax benefits by investing unrealized capital gains in qualified census tracts.
The 27-acre community lies just off the bustling Midlothian Turnpike and Chippenham Parkway, connecting the submarket with Downtown Richmond. The site is within the Boulders Office Park and across the street from Chippenham Hospital. The community offers high-end apartment unit finishes including large kitchen islands, oversized windows and sliding glass doors, private unit balconies and exterior storage, and keyless unit entry. Additional community amenities include a large resort style pool and green activity lawn, automated package delivery system, state of the art exercise facility with interactive fitness class studio, and a club and game room overlooking the lake. The community will also have direct access to the Boulders Office Park trail system as well as the adjacent lake.
Like all DRP developments, Boulders Lakeview will include extensive green and sustainability concepts and will obtain a green designation from the National Association of Home Builders (“NAHB”). Dominion Realty Partners, LLC as a long history in the Richmond market with projects including Riverside on the James, Vistas on the James, Residences at the John Marshall Hotel, Manchester Place, and Boulders Lakeside.
“We are thrilled to be starting another green certified development in the Richmond area” says Michael Campbell, DRP President. This will mark the 33rd green certified development for DRP. “After the success at Boulders Lakeside, we look forward to bringing another community to Chesterfield County. With superb access to the greater Richmond market, this will be a great home for people working within Chesterfield County and in the greater Richmond community” says Campbell.
Boulders Lakeview will create around 500 jobs for a total of 20 months. DRP’s past projects have created 27,500 jobs across Virginia and North Carolina since 2006.
First Horizon Bank will provide the financing for the project. The project was designed by Rule Joy Trammell & Rubio and Malachi Mills of RK&K. Armada Hoffler will be the general contractor overseeing the construction. The first units are anticipated to deliver in the spring of 2023.
Slater Road
Morrisville, NC
The Slater Road development will add 199 apartment units with 15 of the units designated as affordable and a 125,000 Square Foot office building in the Perimeter Park corridor of Morrisville. The project is located at 0 Slater Road, Morrisville, NC.
Positioned directly off Interstate 540 and Interstate 40, the Property sits just outside of Perimeter Park and has unparalleled access throughout the Triangle. The apartment community will sit on the 12.5-acres located to the west of Slater Road, whereas the office project sits on the 9 acres to the eastern side of Slater Road. As part of the development, the ownership will provide significant improvements to Slater Road, helping provide greater access to both sites as well as the surrounding community.
The apartment community will offer high-end, energy efficient, and smart apartment units. The unit finishes include oversized windows and sliding glass doors, nest thermostats, and keyless unit entry. Additional community amenities include a large resort style pool, greenway access, automated package delivery system, state of the art exercise facility with interactive fitness class studio, and club/game room.
DRP first started working on the site in late 2019. “It has been great to see the town of Morrisville and the greater Triangle evolve since we started working on the project. We would like to thank the town of Morrisville for their support, vision, and help getting this project out the ground. The immediate corridor has seen significant growth and this development will continue to contribute to the work/live community it has become” says DRP CEO Andy Andrews.
Like all DRP developments, both projects will include extensive green and sustainable elements. The apartment community will receive a designation from the National Association of Home Builders (“NAHB”). The office project will receive a LEED rating and WELL certificate for sustainable and energy efficient development. DRP has a long history of developing Green certified, environmentally conscious developments throughout the Southeast, recently receiving their 37th certification for a project.
Lakepointe
Charlotte, NC
Dominion Realty Partners (DRP) is proud to announce they have commenced construction on their latest multi-family development project, LakePointe Apartments. The project will add 299 apartments and 59 townhome luxury residential units to the LakePointe Corporate Center business park along the Tyvola corridor in Southwest Charlotte. The development project will designate 6% of the total units as affordable and will be located at 2200 Cascade Pointe Boulevard, in Charlotte, NC.
Positioned directly off W Tyvola Road and Billy Graham Pkwy, the apartment and townhome community will be located on 24.4 acres situated directly behind the South Charlotte VA Clinic which sits opposite the LakePointe Corporate Center Office Park.
Located just minutes (0.5 miles) from Billy Graham Parkway and between I-77 and I-85, the community has great access throughout the greater Charlotte market, including a 10-minute drive from Charlotte Douglas International Airport. Additionally, the community is less than a 10-minute drive to the nexus of activity that is exploding in the heart of South End. The community will offer high-end, energy efficient, and smart apartment units. The unit finishes include oversized windows and sliding glass doors, nest thermostats, and keyless unit entry. Additional community amenities include a large resort style pool and green activity lawn, automated package delivery system, state of the art exercise facility with interactive fitness class studio, and club/game room.
DRP first started working on the site in late 2021. “It has been great to see the continued growth and success of the Charlotte market – something that DRP is incredibly thankful to be a part of. Commencing construction on LakePointe highlights our commitment to bringing environmentally friendly, world-class communities to the area. We would like to thank the City of Charlotte for their support, vision, and help getting this project out the ground. The Southwest corridor of Charlotte has seen significant growth and this development will continue to contribute to the work/live community it has become” says DRP Charlotte market leader Wade Woodworth.
Like all DRP developments, the LakePointe Apartment project will include extensive green and sustainable elements and will obtain a green designation from the National Association of Home Builders (“NAHB”). Dominion Realty Partners, LLC has a long history of developing Green certified, environmentally conscious developments throughout the Southeast, recently receiving their 37th certification for a project. LakePointe Apartments represents DRP’s continuing success and commitment to the Charlotte market and is the firm’s 4th project in the market. Notably, DRP delivered 401 FNB Tower in Uptown Charlotte in 2021.
Since COVID, DRP has completed or started over $1.3 billion worth of development projects across the Carolinas and Virginia. This will be DRP’s 8th groundbreaking in the past 12 months, with two new Class A multi-family deals starting in Richmond, VA, one in Greenville, SC, and two in Northeast Raleigh submarket named Atlantic Springs and Fox Crossing. Additionally, DRP closed on Salisbury Square, a $300MM mixed use development in downtown Raleigh. The firm has several additional multi-family communities under pre-development across the Southeast that will be breaking ground over the next 24 months.
This development will create approximately 400 jobs through the construction process, adding to previous DRP projects that have created more than an estimated 30,000 jobs across Virginia, North Carolina, and South Carolina since 2006.
First Horizon Bank will provide the financing for the project. The project is designed by architectural firm Rule Joy Trammell & Rubio and civil engineering team LandDesign. Armada Hoffler will be the general contractor overseeing the construction. DRP would like to thank the seller, Childress Klein, for their support throughout the transaction. Rush Dunaway with SVN Percival Partners assisted in the sale.
The first units are anticipated to deliver in Q4 of 2023.
Innsbrook
Henrico County, VA
Dominion Realty Partners (DRP) and J.P. Morgan are proud to announce they have commenced construction on its latest multi-family development project, The Apartments @ Innsbrook Square. Innsbrook Square will consist of 305 Class A apartment units located at 5000 Dominion Blvd, Richmond, VA. In addition to the Apartments, the community will include 58 Townhomes for sale. The project is in the heart of Innsbrook, located adjacent to Dominion Energy’s Headquarters.
The 12.5-acre community lies just off the West Broad Street connections to I-64 and I-295, providing not only great access to Innsbrook and Henrico County, but Richmond as a whole. The community will offer high-end and energy efficient apartments. The unit finishes include oversized windows and sliding glass doors, private unit balconies, and keyless unit entry. Additional community amenities include a large resort style pool and green activity lawn, structured parking, automated package delivery system, state of the art exercise facility with interactive fitness class studio, and club/game room.
Like all DRP developments, Innsbrook Square will include extensive green and sustainability concepts and will obtain a green designation from the National Association of Home Builders (“NAHB”). Dominion Realty Partners, LLC has a long history in the Richmond market with projects including Riverside on the James, Vistas on the James, Residences at the John Marshall Hotel, Manchester Place, Boulders Lakeside, and the currently under construction Boulders Lakeview.
DRP roots in Richmond extend past apartments as they currently own 4 office buildings in the greater Richmond market. 3 buildings, Boulders I, II, and III are Class-A office building located in the same community as the Boulders Lakeside and Lakeview apartment communities. Additional, DRP owns Arboretum Lakeside, a 77,000 RSF Class A office building located in the heart of the Arboretum with direct access from the Powhite Parkway and Midlothian Turnpike.
“We are thrilled to be starting another green certified development in the Richmond area” says Michael Campbell, DRP President. This will mark the 34th green certified development for DRP. “We are excited for the future of Innsbrook as a thriving mixed-use community and believe this project will be a great addition to helping achieve that goal” says Campbell.
Innsbrook Square is owned by Dominion Realty Partners and institutional investors advised by J.P. Morgan Global Alternatives. The development will create approximately 350 jobs through the construction process, adding to previous DRP projects that have created 28,000 jobs across Virginia and North Carolina since 2006.
Citizens Bank will provide the financing for the project. The project was designed by Rule Joy Trammell & Rubio and RK&K. Armada Hoffler will be the general contractor overseeing the construction. The first units are anticipated to deliver in the fall of 2023.
About Dominion Realty Partners, LLC
Dominion Realty Partners, LLC is a full-service real estate organization providing development, management, leasing, acquisitions, and investment services. Collectively, the Dominion Realty team of professionals brings more than five decades of real estate experience developing over $2.5 billion dollars’ worth of quality, environmentally friendly commercial and residential transactions in the Southeastern and mid-Atlantic United States. In the past 24 months Dominion Realty Partners, LLC has developed over $735,000,000 of new projects in North Carolina, South Carolina, and Virginia. For more information, please visit www.drp-llc.com.
Adams Hill Apartments
Greenville, SC
Dominion Realty Partners (DRP) is proud to announce it is breaking ground on its first multi-family development project in the greater Greenville area, Adams Hill Apartments, in a joint venture with PGIM Real Estate. This will be DRP’s second entrance into the Greenville market as they purchased the Ogletree Building, a 61,047 square foot office building located in downtown Greenville, in 2018. Adams Hill will consist of 320 Class A apartment units located at 355 Pelham Road, Greenville, SC. The complex is located at the corner of Haywood and Pelham Road, and will be accompanied by corner front retail. PGIM Real Estate is the real estate investment business of PGIM, the $1.5 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
The 15.7-acre community lies just off I-385, providing great access to downtown Greenville as well as the surrounding submarkets. The site is located on the northwest corner of Haywood and Pelham Road, directly adjacent to Haywood Mall and the retail corridor heading south. The community offers high-end apartment unit finishes including large kitchen islands, oversized windows and sliding glass doors, private unit balconies, and keyless unit entry. Additional community amenities include a large resort style pool and green activity lawn, automated package delivery system, state of the art exercise facility with interactive fitness class studio, and a club and game room.
Like all DRP developments, Adams Hill will include extensive green and sustainability concepts and will obtain a green designation from the National Association of Home Builders (“NAHB”). Dominion Realty Partners, LLC has a long history in the North Carolina and Virginia markets and is excited to start their first development project in Greenville. As an NGBS (National Green Building Standard) rated property, Adams Hill will be developed to include water conservation measures, local materials, energy-efficient mechanical designs, resource conservation techniques and indoor environmental quality considerations.
“We are thrilled to bring our first green certified community to the Greenville area” says Michael Campbell, DRP President. This will mark the 34th green certified development for DRP. “We have been looking for a great site in Greenville for the past 4 years and we really look forward to bringing this community to the Haywood Road corridor. With superb access to the greater Greenville market, this will be a great home for people working throughout Greenville County” says Campbell.
The development of Adams Hill will create around 500 jobs for a total of 23 months. DRP’s past projects have created 28,000 jobs across Virginia and the Carolinas since 2006. With headquarters in Raleigh, NC and additional office in Richmond and Charlotte, DRP is active in several markets across the Carolinas and Virginia. Namely, DRP open FNB Tower at 401 South Graham in Charlotte in July. FNB Tower at 401 South Graham is a 29-story office and multifamily mixed-use development in downtown Charlotte and is only the second dually certified mixed-use tower in the region.
First Horizon Bank will provide the financing for the project. The project was designed by Rule Joy Trammell & Rubio and SeamonWhiteside. Armada Hoffler will be the general contractor overseeing the construction. The first units are anticipated to deliver in the spring of 2023.
Holly Springs Apartments
Holly Springs, NC
Holly Springs Apartments will consist of 239 Class A garden style apartments located in Holly Springs, NC. The 16—acre community will sit adjacent to Holly Springs Towne Center and its nearly 500,000 square feet of retail space with a wide roster of tenants including Target, Starbucks, AMC Theaters, and Blaze Pizza. The new development’s location will provide tenants quick access to the rest of the Triangle, just 20 minutes from the Research Triangle Park (RTP) and Downtown Raleigh, both accessible via Highway 55 and two miles from the soon to be complete I-540 connection.
The 239-unit project will feature a unique array of high-end amenities, setting it apart from recent deliveries. Distinctive amenities include a resort-style swimming pool, multiple outdoor fireplaces with sitting areas, a 24-hour fitness center with a yoga & cycle room, and a dedicated dog park. High-end unit features will mirror the amenity offerings with 9-foot ceilings, decorative pendant lighting, quartz countertops, all stainless-steel appliances, subway tile backsplash, and vinyl plank hardwood floors.
Project Details:
239 Class A Apartment Units
Construction commenced Spring 2020
Highlands at Olde Raleigh
Raleigh, NC
Highlands at Olde Raleigh is a 172-unit apartment community consisting of 1 and 2-bedroom apartment homes. They are nestled into a lovely wooded setting just minutes away from Rex Hospital, NC Museum of Art, downtown Raleigh and abundant shopping that includes Olde Raleigh Village and Crabtree Valley Mall.
Each apartment home has been upgraded with cabinets, countertops, all GE appliances including a built-in microwave and tub/surrounds. While all apartments have a cozy wood burning fireplace, there are some with sunken living rooms and others with vaulted ceilings and floor to ceiling windows that make the space feel more open and inviting.
For our resident’s convenience and enjoyment there is a business center, an outdoor pool with adjacent natural gas grills and firepit, resident laundry and carwash with vacuum.
Crescent Arbors Apartment Homes
Cary, NC
Crescent Arbors is a community that embraces gracious living. We offer all the comforts of home, office and play in one of the most dramatically beautiful settings in the Triangle. Inspired by classic architecture, our distinctive residences feature vaulted ceilings and balconies, a sparkling swimming pool with fire-pit and a lighted tennis court, an executive business center and a smoke free environment. Our location is within minutes of I-40, Research Triangle Park, RDU Airport in addition to fine shopping, dining and recreation. Crescent Arbors is so much more than just a place to call home!
At Crescent Arbors, our well-appointed apartments include upscale amenities and finishes. Each of our one or two bedroom apartments feature extra-large windows that showcase the serene surroundings.
5th Street Place
Charlottesville, VA
Fifth Street Place consists of 200 Class A garden style apartments located on 5th Street, directly off Interstate 64 in southern Charlottesville, VA. Fifth Street Place is adjacent to Red Light Management’s new mixed-use lifestyle center, Fifth Street Station. The development includes 465,000 square feet of retail space and is anchored by Wegmans Food Markets (140,000 square foot), a widely acclaimed, family-owned regional supermarket. The project also has easy access to the Downtown Mall and the University of Virginia via 5th Street as well as all other areas of Charlottesville via I-64.
The property consists of five (5) apartment buildings, a resident clubhouse with Wi-Fi access, a fitness center, coffee bar, and a swimming pool with sundeck and grilling area in a beautifully landscaped setting. Unit amenities includes 9’ ceilings, granite countertops, ENERGY STAR appliances, washer/dryer, storage, balconies or patios, and walk-in closets. Fifth Street Place includes extensive green and sustainability concepts and has obtained a green designation from the National Association of Home Builders (“NAHB”).
Project Details
200 One- and Two-bedroom Class A Apartments
Average Unit Size: 939 SF
Close Proximity To Rich Amenity Base That Includes Wegman & #39, Field & Stream, Dick & #39 Sporting Goods, Panera Bread and Jersey Mikes
Completed 2018
The Palmer
Charlotte, NC
The Palmer in the Whitehall community consists of 318 Class A Apartments on nineteen acres in Charlotte, NC. The site features eleven (11) 3-story walk-up buildings and 1.5 parking spaces per unit. It is adjacent to Whitehall Commons Shopping Center, within walking distance to shops and the recently opened Top Golf.
Unit amenities include a resident clubhouse with Wi-Fi access, a fitness center, coffee bar, and a swimming pool with sundeck and grilling area in a beautifully landscaped setting. Unit amenities also include nine-foot ceilings, quartz countertops, high-end cabinetry, washer/dryer, storage, balconies or patios, and walk-in closets. Whitehall Crossing has been designated by NAHB’s Green Building Standards.
Project Details
318 Class A Apartment Units
365,226 Gross Building Area
477 Surface Lots and Individual Garage Parking spaces
Construction commenced Q3 2017 with final completion Q2 2019
Parkside Place
Cary, NC
Conveniently located adjacent to Parkside Town Commons, Parkside Place is a 294, Class A luxury apartment home community consisting of 12 apartment buildings on 13 +/- acres. It is constructed of Type V-A wood framing on post-tensioned concrete slab on-grade. The roofs are architectural shingles over insulation and pre-engineered wood roof trusses. Hardiplank siding and brick veneer are used for sideing while Hardiplank covering is on corridor walls.
Property amenities include a resident clubhouse, swimming pool with sundeck, grilling areas and outdoor fireplaces, business center with WiFi. Unit amenities will include nine-foot ceilings, granite counters, ENERGY STAR appliances, washer/dryer, storage, balconies or patios, and walk-in closets. Parkside Place is a Bronze NGBS Green Certified property.
Project Details
294 Class A Luxury Apartments
273,768 Gross SF of residential space
498 total garage and surface parking spaces
Commenced 2013; Completed 2015
Centric Gateway
Charlotte, NC
Centric Gateway consists of 297 Class A apartments located in the heart of Uptown Charlotte’s Gateway Village. The community will be located immediately adjacent to I- 77 and the Gateway Village, a 15 acre mixed-use urban development that includes over 1 million square feet of Class A office space and street level retailers including Chick-Fil-A, Starbucks, as well as numerous other amenities like dry cleaners, the YMCA, and a Harris Teeter.
The property consists of one wrap-style building with a 307 space parking deck. Community amenities will include a resident clubhouse, swimming pool with large meticulously landscape courtyard that will feature a sundeck, grilling areas and outdoor fireplaces. Unit amenities will include nine-foot ceilings, granite countertops, ENERGY STAR appliances, washer/dryer, storage, balconies or patios, and walk-in closets. Centric Gateway achieved NAHB’s Green Building Standards.
Project Details
297 One- and Two-bedroom Class A Apartments
Average Unit Size: 889 SF
Unparalleled Access To Interstate 77 and Uptown Charlotte
Crabtree Lakeside
Raleigh, NC
Crabtree Lakeside will encompass 221 Class A Apartments on eight+ acres in Raleigh, NC. The site will feature seven (7) 3- and 4-story walk-up buildings plus a clubhouse and 1.1 parking spaces per unit. The community will house 210 Class A units averaging 897 square feet. The property will be providing access to the amenity-rich Crabtree Valley submarket, key regional connectors such as Interstate 440 and U.S. Highway 70, and major employment and lifestyle centers in downtown Raleigh and North Hills/Midtown Raleigh.
Unit amenities will include a resident clubhouse with Wi-Fi access, a fitness center, coffee bar, and a swimming pool with sundeck and grilling area in a beautifully landscaped setting. Unit amenities will include nine-foot ceilings, quartz countertops, high-end cabinetry, washer/dryer, storage, balconies or patios, and walk-in closets. Crabtree Lakeside will also be designated by NAHB’s Green Building Standards.
Project Details
221 Class A Apartment Units
232,828 Gross Building Area
329 Surface Lots
Construction commenced Q4 2017
Shiloh Crossing
Morrisville, NC
Residences at Shiloh Crossing will consist of 318 Class A garden style apartments located in Morrisville, NC. Residences at Shiloh Crossing is conveniently located with easy access to many desirable destinations, including the new Shiloh Crossing Shopping Center, employment destinations within the Research Triangle area and major transportation and transit corridors throughout the Raleigh/Cary market.
The property will consist of six (6) apartment buildings, a resident clubhouse with Wi-Fi access, a fitness center, coffee bar, and a swimming pool with sundeck and grilling area in a beautifully landscaped setting. Unit amenities will include nine-foot ceilings, quartz countertops, ENERGY STAR appliances, washer/dryer, storage, balconies or patios, and walk-in closets. Residences at Shiloh Crossing will also be designated by NAHB’s Green Building Standards.
Project Details
318 Class AA Apartment Units
361,650 Gross Building Area
488 Surface Lots and Individual Garage Parking Spaces
Construction commenced Summer 2018
Boulders Lakeside
Richmond, VA
The Boulders Lakeside, comprised of 248 units, will feature a multitude of high-end amenities, including its unique lake-side views. Distinctive amenities include a resort-style swimming pool, multiple outdoor fireplaces with seating areas, a 24-hour fitness center with a yoga room, and a multi-section dog park. High-end unit features mirror the amenities offerings with 9-foot ceilings, decorative pendant lighting, quartz countertops, subway tile backsplash, and vinyl plank hardwood floors.
The Property benefits from its adjacency to Boulders Office Park, a 1.1 million square foot Class A office park, with noteworthy tenants including Nationwide Insurance, Ryan Homes, Regus, and AON. The 14 buildings comprising the park are owned by institutional investors including Brandywine Realty Trust (public REIT), Dominion Realty Partners, and Hertz Investment Group. Future residents will be able to walk to work in this strategic infill location.
Project Details
248 Class A Units in a lake-side setting
Development designed to achieve NAHB Green Certification
7 apartment buildings and 1 state of the art clubhouse
Construction set to commence Q2 2019
Residences at the John Marshall
Richmond, VA
The redevelopment and adaptive reuse of the historic and landmark Hotel John Marshall (1929) in Richmond Va. represents an over $80 million impact to the community utilizing the HUD 221 (d) (4) program and Federal and State Historic Tax Credits. The development consists of 241 Class A apartments with approximately 30,540 square feet of retail space and 22,384 square feet of meeting and banquet space. The hotel occupies one-half a city block between 5th and 6th Streets on Franklin Street in a location that has undergone significant revitalization over the past 10 years, fueled by popularity and expansion of local universities, public, private and corporate investment.
In addition, the Residences at the John Marshall is downtown Richmond’s first eco-friendly adaptive reuse of a historic structure and has achieved a Three Green Globes designation for this renovation
Project Details
241 Class A Luxury Apartments
30,540 SF of Retail Space
22,384 SF of Meeting & Banquet Facility
Commenced April 2010; Completed March 2012
Awarded 3 out of 4 Green Globe Certifications
www.johnmarshallresidences.com
Tryon Place
Cary, NC
Tryon Place at Cary Parkway features 205 apartment units, 172 garage parking spaces and 198 surface parking spaces on 12.5 acres. 61% of the site consists of open space comprised of undisturbed buffers, natural areas and landscaped green space. Tryon Place is conveniently located close to employment, shopping, cultural and entertainment venues in the Raleigh-Cary and Research Triangle area of North Carolina. Tryon Place’s amenities include a clubroom with lounge area, pool table and internet cafe, fitness center, swimming pool and sundeck, outdoor fireplace, grilling areas and secured parking.
Unit amenities include nine-foot ceilings, granite counters, ENERGY STAR appliances, washer/dryer, storage, balconies or patios, and walk-in closets.
Project Details
206 Class A Luxury Apartments
185,280 Gross SF of residential space
174 garage parking spaces; 198 surface parking spaces
Commenced 2012; Completed 2013
Manchester Place
Richmond, VA
Manchester Place (now known as Link Apartments) was developed as part of the real estate renaissance of the Manchester District just south of the James River and downtown Richmond. Conveniently located on Semmes Avenue and 10th Street, it is minutes away from the 9th Street/Manchester Bridge and 14th Street which provide quick access to the Downtown Expressway and I-95. It provides residents with amenities such as a clubhouse with WiFi, coffee bar, gaming room, fitness center, swimming pool, grilling areas, ample secured parking and many local cultural, entertainment and employment destinations.
Project Details
186 Class A Apartments
143,059 Gross SF of residential space
210 total garage parking spaces
Commenced 2011; Completed 2012
Triangle Town Place
Raleigh, NC
Triangle Town Place is a Class A apartment community located at the intersection of Triangle Town Parkway and Old Wake Forest Road, adjacent to Triangle Town Center Mall in Raleigh, NC. It is a mix of three- and four-story buildings on 27.6 acres. The construction is Type V-A wood frame on post-tensioned concrete slab on concrete. It provides residents with amenities such as a clubhouse with WiFi, fitness center, two swimming pools, 2 acres of green space with walking trails, a mix of surface parking and garages and many local cultural, entertainment and employment destinations.
Project Details
339 Class A Apartments
336,000 Gross SF of residential space
576 total surface parking spaces and 48 detached garages
Commenced 2011; Completed 2012
Riverside on the James
Richmond, VA
The first mixed-use development located along Haxall Canal and the James River, Riverside on the James is a stunning mixed-use urban community which consists of office, retail and condominium space on 4.14 acres. It is composed of brick, architectureal pre-cast, architectural metal and glass, and an 800 space lower-level parking garage with direct access to the Downtown Expressway and I-95.
The building amenities include a fitness center, clubroom, outdoor plaza, high-speed elevators and covered parking.
Project Details
112 Class A Condominium Units
230,000 Gross SF office space
63,000 Gross SF retail space
800 space covered parking garage
24/7 lobby attendant
Completed 2005
Vistas on the James
Richmond, VA
One of the first high rise condominiums built along the Haxall Canal and overlooking the James River and downtown Richmond landscape, Vistas on the James is an 18-story, 160 unit condominium project that features a brick exterior mixed with architectural pre-cast and glass, covered parking, first floor retail space, a clubroom, fitness center and balcony views of downtown Richmond. The property is also conveniently located next to I-95 and the Downtown Expressway.
Project Details
160 Class A Condominium Units
207,000 Gross SF
Five story, 272 space covered parking garage
24/7 lobby attendant
Completed 2007
PNC Plaza
Raleigh, NC
PNC Plaza (formerly RBC Plaza), located at the corner of Fayetteville, Martin and Wilmington Streets is the tallest building in downtown Raleigh, reaching 33 stories or 538′. This mixed-use property features nine levels of above-ground parking, office and retail space in the lower section of the building and Class A condominiums above.
The building amenities include a fitness center, clubroom, rooftop pool and plaza, high-speed elevators and 360 view of the City of Raleigh. Unit interiors feature private balconies, floor-to-ceiling windows, upgraded finishes and ten foot ceilings.
Project Details
139 Class A Condominium Units
300,000 Gross SF office/retail space
187,000 Gross SF condominium space
Nine story, 560 space covered parking garage
24/7 lobby attendant
Completed 2008
The Columns at Wakefield
Raleigh, NC
Conveniently located within walking distance of shopping, dining and movies, The Columns at Wakefield is a gated community near the Falls Lake area of Raleigh. It is a wood frame constructed property on post tension concrete slabs, painted Hardi-plank siding and brick veneer with pitched and gabled shingle roofs.
The building amenities include a fitness center, 5,000 SF clubhouse with pool, gazebo, tennis courts, playground, car wash, gazebo and individual apartment security alarms.
Project Details
320 Class A Apartment Units
37.96 acres
A mix of 633 parking spaces and garages
Completed 2002
501 Fayetteville
Raleigh, NC
The new FNB Tower at 501 Fayetteville is a modern, twenty-two (22) story glass and metal skin building, featuring ground floor lobbies, retail, 6 floors of commercial office space, club level with pool deck and 13 stories of residential above. The tower will occupy a high profile site fronting onto City Plaza directly across from the Marriott and Bank of America building in downtown Raleigh.
FNB Tower takes design cues from the first building in the development, Charter Square, with its stone treatment at the street level around ground level retail. The building has direct access to the towers upper floors through separate office and residential lobbies on opposite sides of the tower which both front onto different plazas. When completed FNB Tower will be a recognizable destination as it and the Charter Square Office Tower will occupy one city block in a prime location at City Plaza and may be seen from all sides of Raleigh. The development serves as a focal point while traveling up Fayetteville Street toward the center of the downtown.
FNB Tower at 501 Fayetteville commands presence within the city skyline with its modern dark glass with vertical mirror glass fins that variegate up the façade.
Project Details
242 Class AA Apartment Units
154,000 RSF Class A Office Space
Direct access to underground parking
Anticipated Completion 1 st Q 2020
fnbtower.com
401 South Graham
Charlotte, NC
The new 31-story FNB Tower-Charlotte will contain more than 160,000 square feet of office space, 215 Class A apartments, and street-level retail space. Located at the corner of Graham Street and Martin Luther King, Jr Boulevard, FNB Tower-Charlotte will be DRP’s highlight development in Charlotte, NC. Along with the seven levels of garage parking, the building will have a curtainwall façade and office floorplates that are column-free.
FNB Tower-Charlotte will have upscale studio, one, and two-bedroom units with an amenity level on the 17 th floor. It will also include an outdoor sundeck, a pool with a covered lounge, fitness center, club area and entertaining areas.
Project Details
215 Class A apartments
160,000 RSF Class A Office Space
7-Level Garage Parking
Anticipated completion late 2020
Office
Riverside on the James
Richmond, VA
Developed on the Haxall Canal in downtown Richmond, Riverside on the James is a mixed-use development featuring office, retail and condominiums. It is composed of brick, architectural pre-cast stone, metal and glass organized in a traditional character consistent with many of the historic structures in downtown Richmond.
Project Details
Class A, mixed-use urban community consisting of:
230,000 SF Office
70,000 SF Retail
122 Condominium Units
800 space integrated parking garage
Completed in 2005
The Mendenhall
The Triad, NC
The Mendenhall office portfolio is a six building, 386,000 square foot, Class A office portfolio, centrally located within the fast-growing Greensboro-Winston-Salem-High Point region known as the “Triad”. The properties are minutes away from a network of major transportation hubs including I-40, I-73, and I-85, giving tenants quick access to all three cities.
Located in one of the Triad’s premier mixed-use business parks, Mendenhall offers a desirable array of natural and on-site amenities including multiple lakes, scenic walking trails, and access to the Bicentennial Greenway.
Mendenhall has a diverse tenant roster representing local, regional, national, and international companies from various industries including Insurance, Telecommunications and Financial Services.
DRP plans to make significant investments in building renovations and capital improvement projects to further enhance the overall appeal and marketability of the buildings.
Purchased February 2019
501 Fayetteville
Raleigh, NC
The new FNB Tower at 501 Fayetteville is a modern, twenty-two (22) story glass and metal skin building, featuring ground floor lobbies, retail, 6 floors of commercial office space, club level with pool deck and 13 stories of residential above. The tower will occupy a high profile site fronting onto City Plaza directly across from the Marriott and Bank of America building in downtown Raleigh.
FNB Tower takes design cues from the first building in the development, Charter Square, with its stone treatment at the street level around ground level retail. The building has direct access to the towers upper floors through separate office and residential lobbies on opposite sides of the tower which both front onto different plazas. When completed FNB Tower will be a recognizable destination as it and the Charter Square Office Tower will occupy one city block in a prime location at City Plaza and may be seen from all sides of Raleigh. The development serves as a focal point while traveling up Fayetteville Street toward the center of the downtown.
FNB Tower at 501 Fayetteville commands presence within the city skyline with its modern dark glass with vertical mirror glass fins that variegate up the façade.
Project Details
242 Class AA Apartment Units
154,000 RSF Class A Office Space
Direct access to underground parking
Anticipated Completion 1 st Q 2020
fnbtower.com
401 South Graham
Charlotte, NC
The new 31-story FNB Tower-Charlotte will contain more than 160,000 square feet of office space, 215 Class A apartments, and street-level retail space. Located at the corner of Graham Street and Martin Luther King, Jr Boulevard, FNB Tower-Charlotte will be DRP’s highlight development in Charlotte, NC. Along with the seven levels of garage parking, the building will have a curtainwall façade and office floorplates that are column-free.
FNB Tower-Charlotte will have upscale studio, one, and two-bedroom units with an amenity level on the 17 th floor. It will also include an outdoor sundeck, a pool with a covered lounge, fitness center, club area and entertaining areas.
Project Details
215 Class A apartments
160,000 RSF Class A Office Space
7-Level Garage Parking
Anticipated completion late 2020
Charter Square
Raleigh, NC
Raleigh’s downtown skyline welcomed a prestigious Class A office tower in June 2015, designed to achieve Platinum LEED certification (and did so in 2016), the highest designation within the internationally recognized green building program. The Charter Square building rests distinguished among Raleigh’s downtown landscape, built as a 100% speculative structure with eleven (11) stories of glass and metal skin, featuring 243,106 rentable SF of commercial space.
Project Details
11-story, Class A Office Tower
243,106 RSF of Office Space
Wade I & II
Raleigh, NC
Completed in 2008, Wade I & II are part of the Forty Wade mixed-use development, a 168 acre site located in the highly desirable West Raleigh submarket. Natural landscaped areas cover 25 acres there is also additional space for future retail/office/multi-family development.
Construction consists of brick and glass veneer w/ precast accents. Lobby and entrance areas are flanked by two large water fountains and wall to wall marble and granite floor tile.
Property Details
4-story Class A buildings totaling 199,330 RSF of leasable space
Dedicated surface and parking with ratios of 4.0:1,000 SF
Building exteriors are brick & glass veneer with precast accents
Wade III
Raleigh, NC
Wade III is the first building in Wade Park developed by DRP, which already manages the office park. Wade III was completed in twelve months and came in under budget. It is a similar footprint to the existing Wade I and II but is slightly larger thanks to smart design principles. Built as a speculative building, Wade III held its grand opening being 50% leased.
The building features an adjacent, dedicated surface lot and underground parking deck, brick and glass veneer and column-free floor plans.
In February 2016, Wade III was awarded Gold LEED Certification by the US Green Building Council for its core and shell. DRP also achieved this for the Genworth Office Building in March 2010, making it the only developer in Raleigh to have achieved this for two buildings.
Project Details
4-story, Class A Office Tower
105,000 RSF of Office Space
Achieved LEED Gold certification for core and shell
Commenced August 2014; Completed August 2015
Wade IV
Raleigh, NC
Wade IV, a Class “A”, four story office building is located in the existing Offices at Wade, a
mixed-use development situated within 168 acres in West Raleigh.
Prospective commercial tenants will be attracted to Wade IV for its Class “A” construction,
signage opportunities, competitive pricing, design standards, efficient floor plans, amenity
package, surface and covered parking (3.5/1,000 SF) and pending LEED Gold designation. The
Offices at Wade is a signature mixed-use, master-planned development featuring a unique
central courtyard with extensive landscaping. It is conveniently located off Wade Avenue,
adjacent to the PNC Arena with unparalleled access to I-40, I-440, US-1 and US-70, minutes to
downtown Raleigh and approximately 7 miles to Raleigh-Durham International Airport.
Current Details
4 Story, 103,707 RSF Class A Office Building
Awarded LEED Gold Certification
Lobby features marble and granite tile, stone and wood paneling and recessed LED fixtures
Completion 2017
Wade V
Raleigh, NC
Wade V is a Class “A”, six story office building currently under construction in the existing Offices at Wade, a mixed-use development situated within 168 acres in West Raleigh.
Prospective commercial tenants will be attracted to Wade V for its Class “A” construction, signage opportunities, competitive pricing, design standards, efficient floor plans, amenity package, surface and covered parking (3.5/1,000 SF) and pending LEED Gold designation. The Offices at Wade is a signature mixed-use, master-planned development featuring a unique central courtyard with extensive landscaping. It is conveniently located off Wade Avenue, adjacent to the PNC Arena with unparalleled access to I-40, I-440, US-1 and US-70, minutes to downtown Raleigh and approximately 7 miles to Raleigh-Durham International Airport.
Current Details
6 Story, 209,145 RSF Class A Office Building
4 ½ story on-site parking deck
Designed to achieve LEED Gold Certification
Lobby features marble and granite tile, stone and wood paneling and recessed LED fixtures
Completion 2020
Genworth Financial
Raleigh, NC
DRP developed this six-story building exclusively for Genworth Financial. It is the first LEED Gold designated in Wake County for its core, shell and interiors. Genworth sits on a 5.51 acre site at Six Forks Road and Monument Lake. Its detached multilevel parking deck offers 511 parking spaces to accommodate tenants and visitors. Common areas are well appointed with granite, marble and fine wood finishes.
Project Details
Six-story, Class A office building
129,347 SF of Office Space
Completed in 12 months; opened in August 2009
Achieved LEED Gold Certification
Forum IV
Raleigh, NC
As part of the Forums Office Park, Forum IV is a six-story office building situated on 5.8 acres. Tenants of the Forums Office Park can take advantage of the full-service cafeteria and exercise facility that is on-site. The property is professionally landscaped and features stacked stone retaining walls, accent lighting and an irrigation system. Like the other buildings in the office park, the exterior of Forum IV features pre-cast architectural concrete panels and insulated glass, supported by structural steel and a composite concrete deck.
Project Details
Class A, six-story multi-tenant office building
1,020 dedicated parking deck
182,407 SF total
Completed in 2000
Forum V
Raleigh, NC
Forum V is part of the Forums Office Park in Raleigh. It is a six-story, Class A building situated on 4.09 acres. As the fifth building in this office park, it integrates well into the existing architecture with pre-cast panels on sturctural steel and insulated glass. The typical floor plate is 22,000 SF and is column-free. The interior features a two-story lobby with stone, millwork and fabric materials, three high-speed elevators and computerized, zoned HVAC. It is conveniently located one mile from I-540.
Project Details
Class A, multi-tenant office building
Dedicated, covered parking deck
Completed in 2007
Synergy Business Park
Columbia, SC
Located at 121 Executive Center Drive, the property features four buildings totaling 315,919 square feet. The buildings range from 51,000 to 71,580 square feet across two to three stories. The 78% occupied office portfolio is situated at the I-26 and I-20 interchange providing direct interstate access and connectivity to downtown and greater Columbia. Within minutes of Synergy Business Park are abundance of nearby retailers and restaurants, providing tenants with a multitude of conveniences and local amenities. DRP plans to make significant investments in building renovations and capital improvement projects to enhance the overall appeal and marketability of the buildings.
Purchased September 2018
300 N Main
Greenville, SC
The Ogletree Building is a 61,047 Square foot Class A office building located at 300 N Main St in downtown Greenville, SC. The property underwent various renovations and updates in 2016 and was 100 percent occupied upon acquisition. Ogletree is one of only a handful of buildings in the Greenville CBD that includes its own dedicated adjacent parking garage, creating an attractive tenant amenity and the potential for additional future development. This 5-story building marks DRP’s first footprint in the Greenville market as its economic growth continues to project upward.
Purchased June 2018
Meridian
Durham, NC
2635 Meridian Parkway, which is located in the Meridian corporate office park in Durham, NC. was purchased in June 2015. The building at the time of the sale was 100% leased. Built in 2000, it was originally developed as a build-to-suite for Mitsubishi.
Project Details
2-story office building
63,394 RSF
Land Area: 6.198 acres
Purchased June 2015
One Guardian
Virginia Beach, VA
2829 Guardian Lane, located in the Oceana West/Lynnhaven area of Virginia Beach, was acquired in September 2015. Plans for the building, which was vacant at the time of purchase, include new lobby and common areas, new restrooms, open concept tenant spaces and improved landscaping and overall building appearance. DRP will also strive to achieve LEED certification during the renovation process, which is anticipated to be completed by March 2016.
Project Details
2-story office building
87,205 RSF
Renovations completed March 2016
Boulders I
Richmond, VA
Boulders I is part of a three building portfolio located within the Boulders Office Park, which consists of three Class A office buildings totaling 288,416 rentable square feet. Boulders Office Park is a 220- acre, master-planned corporate environment that features office and residential areas surrounded by a natural setting of water, wildlife, and woodlands, with over one million square feet of office space.
This location provides easy access to Chippenham Parkway, Powhite Parkway, and Midlothian Turnpike. Local destinations include downtown Richmond (9 minutes), Richmond International Airport and Innsbrook (20 minutes each).
Project Details
5-story, Class A Office Building
78,995 RSF of Office space
Onsite amenities include exercise facility, locker area and showers
Parking ratio: 4.7/1,000 SF
Boulders II
Richmond, VA
Boulders II is part of a three building portfolio located within the Boulders Office Park, which consists of three Class A office buildings totaling 288,416 rentable square feet. Boulders Office Park is a 220- acre, master-planned corporate environment that features office and residential areas surrounded by a natural setting of water, wildlife, and woodlands, with over one million square feet of office space.
This location provides easy access to Chippenham Parkway, Powhite Parkway, and Midlothian Turnpike. Local destinations include downtown Richmond (9 minutes), Richmond International Airport and Innsbrook (20 minutes each).
Project Details
5-story, Class A Office Building
76,981 RSF of Office space
Onsite amenities include exercise facility, locker area and showers
Parking ratio: 4.2/1,000 SF
Boulders III
Richmond, VA
Boulders III is part of a three building portfolio located within the Boulders Office Park, which consists of three Class A office buildings totaling 288,416 rentable square feet. Boulders Office Park is a 220- acre, master-planned corporate environment that features office and residential areas surrounded by a natural setting of water, wildlife, and woodlands, with over one million square feet of office space.
This location provides easy access to Chippenham Parkway, Powhite Parkway, and Midlothian Turnpike. Local destinations include downtown Richmond (9 minutes), Richmond International Airport and Innsbrook (20 minutes each).
Project Details
7-story, Class A Office Building
132,440 RSF of Office space
Onsite amenities include exercise facility, locker area and showers
Parking ratio: 4.5/1,000 SF
Arboretum Lakeside
Richmond, VA
This 77,000 square foot Class A office building within the Arboretum Office Park boasts charming lakeside views and a rich amenity base for tenants. Located in the heart of The Arboretum with direct access from Powhite Parkway and Midlothian Turnpike . The property has 9’ full height windows providing exceptional natural light throughout along with a 2 story atrium lobby with Class A wood and marble finishes.
Project Details
3-story Class A Office building
77,000 RSF
Parking Ratio:4/1,000 SF
Mixed-Use
Salisbury Square
Raleigh, NC
Dominion Realty Partners (DRP) is proud to announce they have officially closed on the land located at 700 South Salisbury Street and will soon commence construction on their fourth Downtown Raleigh project, Salisbury Square. Salisbury Square will be built in phases and when complete will feature two, 20-story residential towers with over 600 Class A multi-family units, a 660-space parking deck that will be wrapped by 62 work-force housing units, and a parcel for future hotel development.
The Dominion Realty Partners team will be partnering with a New York Life Insurance Company subsidiary, New York Life Real Estate Investors, that will be their joint venture equity partner in the development. New York Life Real Estate Investors and DRP have recently partnered on two major projects, the FNB Tower (501 Fayetteville) in Downtown Raleigh and the FNB Tower (401 S. Graham) in Uptown Charlotte. DRP has significant experience shaping skylines including some of Downtown Raleigh’s most recent developments, including Charter Square [2015] and FNB Tower [2020]. DRP’s vast development history spans 30 years in multiple markets and includes numerous office, apartment, and mixed-use buildings. “We are excited to partner with Dominion Realty on the Salisbury Square project which will deliver first class multifamily residences offering some of the highest quality finishes and amenities to the City of Raleigh,” said Kevin Smith, Managing Director of New York Life Real Estate Investors.
Two-Phase Development Includes Apartments, Commercial Office and Retail Space
Salisbury Square’s 4.9-acre site located at the corner of W South Street and S Salisbury Street is one the largest single development parcels left in CBD Raleigh. The site also falls within a qualified opportunity zone.
Phase I of the development is anticipated to commence in May and will include a 20-story mixed-use tower featuring 304 class A apartments and commercial office and retail space. The residential tenants will have access to first class amenities, including a sky deck terrace with a pool and amenity area offering unparalleled and unobstructed views of the city. Phase I will also include 62 “attainable” housing units wrapping the eastern façade of the parking structure. These units will be specifically marketed to teachers, state & local government employees, and first responders. At the center of the new development, DRP plans to dedicate an area of greenspace as a park to pay homage to the former landowner, the North Carolina Association of Educators. First units in the Phase I Tower are anticipated to be ready for leasing Springs 2024.
Phase II will include a second 20 story apartment tower with an additional 300+/- units. “This project will be monumental not only for our company, but for the City of Raleigh,” said DRP Chairman & CEO Andy Andrews. “An incredible amount of hard work has gone into this project already and we are thankful to the North Carolina Association of Educators for working with us over the last two years, as we navigated the uncharted waters of a global pandemic. We are excited to not only continue to contribute to the quickly changing Raleigh landscape but to be doing so in a responsible and sustainable manner,” continued Andrews.
Phase I Tower to Become Dogwood State Bank’s Headquarters
The Phase I tower will become Dogwood State Bank’s headquarters, reaffirming the company’s commitment to the region. Dogwood will occupy office space in the building, in addition to having a state-of-the-art retail banking office on the ground floor. The building will house the bank’s regional leadership, as well as other departments. “Dogwood was founded on the philosophy of providing first-class customer and employee experiences in all facets of our company. Being a part of the growth of downtown Raleigh while contributing to its vibrancy and progression highlights our continued focus on creating those experiences. We look forward to attracting key talent and welcoming our customers to downtown Raleigh’s newest landmark,” said Steve Jones, CEO of Dogwood State Bank.
Design with Focus on Environmental Stewardship
This development will be designed and engineered with environmental stewardship in mind and the goal of achieving either LEED or Green Globes Certification. Charter Square, another DRP development, was the first commercial building in Wake County to achieve Platinum LEED certification, the highest designation within the internationally recognized green building program. Wade III and Wade IV, two additional DRP developments in West Raleigh, also recently achieved LEED Gold designation. “We continue to pride ourselves on being a leading environmentally-sensitive developer in the Southeast,” noted Andrews. “All Dominion projects, both multi-family and commercial, are designed and built to some level of certified Green standard. Developing buildings that are environmentally sustainable and healthy has always been important to our firm but has become exponentially important to investors and tenants alike especially since the start of the COVID pandemic,” continued Andrews. J. Davis will serve as project architect, Piedmont Land Design is providing civil engineering services, Uzun + Case as structural engineer, and Armada Hoffler will serve as general contractor. Justin Good and Matthew Cooke represented the seller in the transaction. The Richmond office of Hunton Andrews Kurth led by Andy Tapscott and Johanna Orleski provided legal services for DRP.
The DRP team would especially like to thank the City of Raleigh for their support not only on this project, but on the 37 other projects DRP has developed in the Triangle throughout the years.
501 Fayetteville
Raleigh, NC
The new FNB Tower at 501 Fayetteville is a modern, twenty-two (22) story glass and metal skin building, featuring ground floor lobbies, retail, 6 floors of commercial office space, club level with pool deck and 13 stories of residential above. The tower will occupy a high profile site fronting onto City Plaza directly across from the Marriott and Bank of America building in downtown Raleigh.
FNB Tower takes design cues from the first building in the development, Charter Square, with its stone treatment at the street level around ground level retail. The building has direct access to the towers upper floors through separate office and residential lobbies on opposite sides of the tower which both front onto different plazas. When completed FNB Tower will be a recognizable destination as it and the Charter Square Office Tower will occupy one city block in a prime location at City Plaza and may be seen from all sides of Raleigh. The development serves as a focal point while traveling up Fayetteville Street toward the center of the downtown.
FNB Tower at 501 Fayetteville commands presence within the city skyline with its modern dark glass with vertical mirror glass fins that variegate up the façade.
Project Details
242 Class AA Apartment Units
154,000 RSF Class A Office Space
Direct access to underground parking
Anticipated Completion 1 st Q 2020
fnbtower.com
401 South Graham
Charlotte, NC
The new 31-story FNB Tower-Charlotte will contain more than 160,000 square feet of office space, 215 Class A apartments, and street-level retail space. Located at the corner of Graham Street and Martin Luther King, Jr Boulevard, FNB Tower-Charlotte will be DRP’s highlight development in Charlotte, NC. Along with the seven levels of garage parking, the building will have a curtainwall façade and office floorplates that are column-free.
FNB Tower-Charlotte will have upscale studio, one, and two-bedroom units with an amenity level on the 17 th floor. It will also include an outdoor sundeck, a pool with a covered lounge, fitness center, club area and entertaining areas.
Project Details
215 Class A apartments
160,000 RSF Class A Office Space
7-Level Garage Parking
Anticipated completion late 2020
Residences at the John Marshall
Richmond, VA
The redevelopment and adaptive reuse of the historic and landmark Hotel John Marshall (1929) in Richmond Va. represents an over $80 million impact to the community utilizing the HUD 221 (d) (4) program and Federal and State Historic Tax Credits. The development consists of 241 Class A apartments with approximately 30,540 square feet of retail space and 22,384 square feet of meeting and banquet space. The hotel occupies one-half a city block between 5th and 6th Streets on Franklin Street in a location that has undergone significant revitalization over the past 10 years, fueled by popularity and expansion of local universities, public, private and corporate investment.
In addition, the Residences at the John Marshall is downtown Richmond’s first eco-friendly adaptive reuse of a historic structure and has achieved a Three Green Globes designation for this renovation
Project Details
241 Class A Luxury Apartments
30,540 SF of Retail Space
22,384 SF of Meeting & Banquet Facility
Commenced April 2010; Completed March 2012
Awarded 3 out of 4 Green Globe Certifications
www.johnmarshallresidences.com
Vistas on the James
Richmond, VA
One of the first high rise condominiums built along the Haxall Canal and overlooking the James River and downtown Richmond landscape, Vistas on the James is an 18-story, 160 unit condominium project that features a brick exterior mixed with architectural pre-cast and glass, covered parking, first floor retail space, a clubroom, fitness center and balcony views of downtown Richmond. The property is also conveniently located next to I-95 and the Downtown Expressway.
Project Details
160 Class A Condominium Units
207,000 Gross SF
Five story, 272 space covered parking garage
24/7 lobby attendant
Completed 2007
PNC Plaza
Raleigh, NC
PNC Plaza (formerly RBC Plaza), located at the corner of Fayetteville, Martin and Wilmington Streets is the tallest building in downtown Raleigh, reaching 33 stories or 538′. This mixed-use property features nine levels of above-ground parking, office and retail space in the lower section of the building and Class A condominiums above.
The building amenities include a fitness center, clubroom, rooftop pool and plaza, high-speed elevators and 360 view of the City of Raleigh. Unit interiors feature private balconies, floor-to-ceiling windows, upgraded finishes and ten foot ceilings.
Project Details
139 Class A Condominium Units
300,000 Gross SF office/retail space
187,000 Gross SF condominium space
Nine story, 560 space covered parking garage
24/7 lobby attendant
Completed 2008
Riverside on the James
Richmond, VA
Developed on the Haxall Canal in downtown Richmond, Riverside on the James is a mixed-use development featuring office, retail and condominiums. It is composed of brick, architectural pre-cast stone, metal and glass organized in a traditional character consistent with many of the historic structures in downtown Richmond.
Project Details
Class A, mixed-use urban community consisting of:
230,000 SF Office
70,000 SF Retail
122 Condominium Units
800 space integrated parking garage
Completed in 2005
Plaza Midtown
Atlanta, GA
Plaza Midtown is a 20-story, twin tower, 550,000 SF mixed-use development featuring residential, retail, dining and entertainment space. The property encompasses an entire city block in Midtown Atlanta and includes a Publix Super Market on the ground floor. In 2004, it was named Mixed-Use Deal of the Year by the Atlanta Business Chronicle.
The construction is primarily poured in-place concrete with a curtain wall glass exterior. The building amenities include a fitness center, clubroom, resort-style swimming pool, rooftop park/plaza, high-speed elevators and covered parking. Unit amenities include ten-foot ceilings, granite countertops, garden tubs, floor-to-ceiling glass, tiled bathrooms and more.
Project Details
418 Class A luxury condominium units
500,000 Gross SF residential space
70,000 Gross SF retail/dining space
831 space covered parking garage
Concierge service
Completed 2006