Apartments, for-rent townhomes coming to Wendell Falls
Jan 03, 2024
// Triangle business journal
A master-planned community in eastern Wake County is growing with two new residential additions planned.
A multifamily community with hundreds of apartments and the community’s first build-for-rent homes are coming to Wendell Falls. The development partners closed on two deals — one with Chaucer Creek Capital LLC for the multifamily portion and one with Abode Communities of Edgewater Ventures for the build-for-rent portion.
Both the multifamily units and townhomes will be along Wendell Valley Boulevard in the northeastern portion of Wendell Falls.
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Edgewater Ventures is proud to welcome David Sloan to the team. Sloan is an Investment Associate on Edgewater's ABODE Communities team.
Edgewater Ventures has converted an office building into a warehouse on 23rd Street in Wilmington. The 110,134 square foot building is now fully occupied after the developer signed leases for all 57,940 square feet of available space at 1519 N. 23rd Street.
Developers bought 187 acres on U.S. 421 in Wilmington on Wednesday for a major expansion of one of their existing industrial projects. Edgewater Ventures purchased the property next to Wilmington Trade Center for $7.65 million from Invista.
