The Rand Village Multi-Family Site is located along US401/Fayettville Road in Garner, NC, approximately 1.0 mile north of the I-540 beltway / US401 interchange currently under construction. The proximity to I-540 and US401 combine to provide easy vehicular access to downtown Raleigh, Durham, and RTP. I-540 is fully funded and currently under construction with completion scheduled in 2023. The site is comprised of ±18.34 acres of land at the northeast quadrant of the US401 / Caddy Road intersection
With the forthcoming connection of I-540 and the explosive growth in the surrounding area, Cambridge Properties is dedicated to accretive development projects in the immediate vicinity of the Rand Village Multi-Family site. Within 0.5 miles of this site, Cambridge Properties is leading three other developments including Rand Village, a ±150,000 SF regional retail center currently in the entitlement phase, Royal Creek, a multiuse project currently under construction for delivery in early 2022 consisting of 250 multi-family units, 109 townhomes, 50 single family homes, and commercial space, and Rand Village – Caddy South, a planned multi-use project located just south on Caddy Road, to include multi-family residential and commercial outparcels.
The Rand Village Multi-Family Site is in the process of being rezoned to MF-CU in order to allow for residential multi-family development of up to 266 units.
Final site design, architectural specifications, building footprints, unit mix, and layout to be determined upon coordination between Seller and the Multi-Family Developer.