Currently zoned Planned Development (PD) under the Alexander Place Master Planned Development
Both Lot 122 & 123 allows medium density residential up to 340 apartment units or 119 townhomes; office developments up to a combined total of 340,000 sq. ft. with a maximum height of 300’; retail up to a combined 90,000 sq. ft. with a maximum height of 60’; or hotels
No single retail use on Lot 122 may exceed 20,000 sq. ft.
Future land use calls for Office & Residential Mixed Use
City of Raleigh water and sewer available to serve the property
Lot 123 has been allocated as secondary tree conservation and is unbuildable; both parcels to be sold together
Property is located in Alexander Place adjacent to the Brier Creek mixed use master planned development including over 1M square feet of retail space and over 2,200 homes