Edgewater Commons, Raleigh, NC

Sector:

Multifamily

Address:

5000 Raleigh Beach Rd

Stories:

5

Units:

301

Total Square Feet:

200,000

Land Acres:

13

Owner:

APG Capital

Developer:

APG Capital

Estimated Delivery:

Q2 2024

Property Description

Edgewater Commons, a ±60-acre mixed-use planned development at the corner of Rogers Lane and New Bern Avenue in Raleigh, is scheduled to break ground on a 5-story apartment complex totaling 301 units. The next piece of the project to get underway will be 110 SFR townhomes. 19 acres have been set aside for a ±120,000 SF neighborhood commercial center with a smaller outparcel designated as retail or office use. There is additional land for a mixed-use future development bordering the Greenway system with scenic views of the Neuse River.

Phase 1 apartments are expected to deliver Q2 2024.