New Apartment Complex to be Build in Durham
DURHAM, NC-Faison Enterprises, a real estate developer in Charlotte, is razing down the Washburn Court apartments located on Swift Avenue in Durham to build a $40 million apartment complex. The company's subsidiary purchased the 29-unit property for approximately $5.5 million. Demolition work has already started on the nine white-brick buildings. Faison plans to construct a four-story, wood-framed complex comprising 202 apartments on the site spanning 3.4 acres.
The city has approved the plan. Construction is slated to begin in January 2013. For the full story, go to Charlotte Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Outstanding speakers from NorthMarq, Freddie Mac, Walker & Dunlop and much more plus 2,000 attendees are coming to RealShare APARTMENTS in Los Angeles on October 21-22. Reserve your spot today.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.