{"id":153662,"date":"2016-12-08T05:00:53","date_gmt":"2016-12-08T10:00:53","guid":{"rendered":"http:\/\/raleighpublicrecord.org\/?p=153662"},"modified":"2016-12-08T19:24:58","modified_gmt":"2016-12-09T00:24:58","slug":"development-beat-cameron-villages-newest-apartments","status":"publish","type":"post","link":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/news\/development-beat\/2016\/12\/08\/development-beat-cameron-villages-newest-apartments\/","title":{"rendered":"Development Beat: Cameron Village&#8217;s Newest Apartments"},"content":{"rendered":"<p><em><strong>Brought to you by Rufty-Peedin Design Builders<\/strong><\/em><\/p>\n<p><strong>Thursday, December 8, 2016<\/strong><\/p>\n<p>So you probably thought Cameron Village had enough apartment complexes by now, right?<\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/5SPg2afRXvE\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Wrong.<\/p>\n<p>There&#8217;s been something like 45* new apartment complexes\u00a0put up in and around the Cameron Village area in the last ten years,\u00a0but it appears the appetite for downtown-adjacent, overpriced apartment living in Raleigh is insatiable.<\/p>\n<p>We have to admit: it would be pretty great to have a Harris Teeter, a Chick-fil-A, a Goodberry&#8217;s and a Fresh Market all within walking distance, but still, how many more residential units can that area withstand?<\/p>\n<p>The answer, according to Texas-based developer The Leon Capital Group, appears to be &#8220;at least 201 more.&#8221;<\/p>\n<p>In a recent site plan review application filed by the organization, whose North Carolina offices are based out Charlotte, Leon Capital outlines its plans to build the new, three-story, 201 unit Hillstone Cameron Village apartment complex.<\/p>\n<p>What&#8217;s most impressive to our mind about the property, which is spread across 3.562 acres, is the fact that it&#8217;s been cobbled together from a total of 18(!) separate parcels, the majority of which are single-family homes. The properties to be absorbed by the new Hillstone Cameron Village also include the Roundabout Art Collective at 305 Oberlin Road.<\/p>\n<div id=\"attachment_153799\"  class=\"wp-caption module image alignright\" style=\"max-width: 750px;\"><img loading=\"lazy\" class=\"size-full wp-image-153799\" src=\"http:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/roundabout.jpg\" alt=\"The Roundabout Art Collective\" width=\"750\" height=\"476\" srcset=\"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/roundabout.jpg 750w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/roundabout-336x213.jpg 336w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/a><p class=\"wp-caption-text\">The Roundabout Art Collective<\/p><\/div>\n<p><a href=\"http:\/\/www.newsobserver.com\/news\/business\/article107776997.html\">As reported by the News &amp; Observer in October<\/a>, Leon Capital paid $11.6 million for the land, and doesn&#8217;t plan to break ground on the new apartments for at least a year. We imagine the process might take a bit longer.<\/p>\n<p>The 50&#8242; tall building, combined with a 293-space parking deck will be 237,654 SF in total size and be accompanied by a 7,872 SF outdoor amenity area. A breakdown on the size of the units, in terms of bedrooms, is not available at this point.<\/p>\n<p>Site plans for the project were put together by Withers Ravenel with preliminary architectural designs put together by JDavis Architects.<\/p>\n<p>A perusal of Leon&#8217;s past apartment projects \u2014 the company also builds out retail properties and self-storage units \u2014 tells us that Hillstone will likely blend in well with the many generic, &#8220;upscale&#8221; apartments in the surrounding area.<\/p>\n<div id=\"attachment_153800\"  class=\"wp-caption module image alignright\" style=\"max-width: 771px;\"><img loading=\"lazy\" class=\"size-large wp-image-153800\" src=\"http:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/1711caroline-771x406.jpg\" alt=\"1711 Caroline, one of Leon Capital's many previous developments\" width=\"771\" height=\"406\" srcset=\"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/1711caroline-771x406.jpg 771w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/1711caroline-336x177.jpg 336w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/1711caroline-768x404.jpg 768w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/1711caroline-1170x615.jpg 1170w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/1711caroline.jpg 1500w\" sizes=\"(max-width: 771px) 100vw, 771px\" \/><\/a><p class=\"wp-caption-text\">1711 Caroline, one of Leon Capital&#8217;s many previous developments<\/p><\/div>\n<p><a href=\"http:\/\/www.charlotteobserver.com\/news\/business\/article50548575.html\">An article from the Charlotte Observer<\/a>, where, as we mentioned, Leon Capital&#8217;s North Carolina operations are based, that decries the bland, uniform look of many of the Queen City&#8217;s newer multifamily developments feels like it could have been published in Raleigh&#8217;s News &amp; Observer with only a few minor tweaks. Take this line for example:<\/p>\n<p><em>The popularity of mid-rise, wood-framed buildings stems from increased demand for urban projects that fill in small, expensive parcels, said Bruce Lindsey, Charlotte-based regional director for trade group WoodWorks.<\/em><\/p>\n<div class=\"ng_z_idx_alfa\">\n<p><em>\u201cIf the land costs more,\u201d he said, \u201cthe structure has to cost less.\u201d<\/em><\/p>\n<p>While we don&#8217;t necessarily agree with some of the conclusions reached there: namely, that local government should mandate more interesting design features, it would be nice if the look and feel of Raleigh&#8217;s new, ticky-tacky\u00a0apartment complexes was as big a part of all those community conversations as the impacts they will have on traffic congestion and surrounding property values. A boy can dream.<\/p>\n<\/div>\n<p>*Not a real figure.<\/p>\n<div id=\"attachment_153801\"  class=\"wp-caption module image alignright\" style=\"max-width: 771px;\"><img loading=\"lazy\" class=\"size-large wp-image-153801\" src=\"http:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/LGOberlin-771x356.jpg\" alt=\"The area highlighted in yellow indicates the future site of the Hillstone Cameron Village apartments\" width=\"771\" height=\"356\" srcset=\"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/LGOberlin-771x356.jpg 771w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/LGOberlin-336x155.jpg 336w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/LGOberlin-768x355.jpg 768w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/LGOberlin.jpg 955w\" sizes=\"(max-width: 771px) 100vw, 771px\" \/><\/a><p class=\"wp-caption-text\">The area highlighted in yellow indicates the future site of the Hillstone Cameron Village apartments<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brought to you by Rufty-Peedin Design Builders Thursday, December 8, 2016 So you probably thought Cameron Village had enough apartment complexes by now, right? Wrong. There&#8217;s been something like 45* new apartment complexes\u00a0put up in and around the Cameron Village area in the last ten years,\u00a0but it appears the appetite for downtown-adjacent, overpriced apartment living [&hellip;]<\/p>\n","protected":false},"author":24061,"featured_media":153801,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1599],"tags":[],"_links":{"self":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/153662"}],"collection":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/users\/24061"}],"replies":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/comments?post=153662"}],"version-history":[{"count":0,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/153662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media\/153801"}],"wp:attachment":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media?parent=153662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/categories?post=153662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/tags?post=153662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}