A group of property owners is working together on a 402-unit apartment community in Durham. The property, off Hoover Road west of Interstate 885, was assembled over the years, including several much smaller pieces. The property owners include John Warasila, founding principal of Alliance Architecture.
The land is 63 parcels totaling 23.2 acres along Hoover Road, Sater Street, Creasy Street, Hilltop Drive, Felix Street and Miami Boulevard. The group has been assembling the properties since 2019.
The Triangle Business Journal reports that of the 23 acres, just 12 are developable, as the property includes wetlands and a stream. The vacant land has become a dumping ground and the property owners have spent $60,000 to clean up the site.
In addition to the apartment units, 25 percent of the property will be townhomes. Twenty percent of the property will be open space. Five percent of rental units will be designated affordable to residents earning 60 percent of the area median income.
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