Just a little over a month ago we counted up 1,354 apartment units planned on the west end of Downtown, including 550 units in Glenwood South. Read about it here.
This area remains HOT for development, and despite a tight credit market new apartment buildings are getting the green light from banks.
This new surge in Downtown residents is welcomed by all!
Here is an image showing the area where a 6-story apartment building is planned to rise over Glenwood Avenue. The developer, Blue Ridge Realty, has cobbled together 3 properties totaling 1.21 acres that sit in the heart of the busy Glenwood South Entertainment District.
401 Glenwood AvenueThe existing buildings to be demolished include an office building at 401 Glenwood Avenue (pictured here), and an old church at 400 N. Boylan Avenue.
There is no site plan yet available, but the early word is that the building plans include 5,000 square feet of retail space with a below ground parking deck.
Nice! More apartments means more customers for downtown businesses. I'm all for it!
The Site Plan is now available. Use this link to download the PDF file http://bit.ly/vzhxwc. Also a recent post on the dtraleigh.com blog provides more about this planned development. http://bit.ly/vCf04N