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Renovation of a multi-residential development in Raleigh, North Carolina. Completed plans call for the renovation of a multi-residential development.
The property is located at: 15 Summit Avenue Just south of downtown, in the coveted Dix Edge neighborhood >> Land valued at $1.6M/acre >> Residential street; adjacent to Eliza Pool Park >> One mile to Dix Park >> 1.5 miles to Nash Square/downtown Raleigh >> Walkable to Rocky Branch Trail >> 0.2 miles to GoRaleigh #7 bus stop >> Accessible to I-40 via S. Saunders St. exit >> Southern Gateway Opportunity Zone Estimated Appraised Value ~$963,000.00 The City of Raleigh (City) is soliciting proposals for the development of sustainably built rental housing, including affordable units, on a 0.67 acre City-owned lot, to be made available via long-term ground lease (preferred option) or fee-simple sale (alternative option). Eligible Proposers are non-profit or for-profit developers, or partnerships between a non-profit and for-profit developer. This site was recently rezoned to RX-4 to enable greater flexibility for development. The developer is responsible for understanding what is allowed by the existing zoning and the underlying development regulations of the City's Unified Development Ordinance (UDO) and demonstrating a plan in accordance
GC Bidding
Multi-Residential
$963,000.00
Public - City
Renovation
Trades Specified
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15 Summit Ave, Raleigh, NC
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