Written by Amanda Jones Hoyle | TRIANGLE BUSINESS JOURNAL
Durham will soon see more apartments rising along Main Street.
Charlotte real estate developer Crescent Communities expects to break ground in mid-June on another major apartment community in central Durham, a $25 million project called Crescent Main Street.
Crescent has been negotiating to buy a 4-acre lot owned by Durham businessman Terry Sanford Jr. bound by West Main Street, 15th Street and Rutherford Street, and it has selected Raleigh construction firm Clancy & Theys to build the four-story project, according to construction documents from the Carolinas AGC.
It will be Crescent’s second big multi-family project in Durham as the company puts the finishing touches on the 303-unit Crescent Ninth Street project, now under construction at 749 Ninth St.
Crescent Ninth Street is expected to open this spring and has opened a temporary leasing office next to Vita restaurant on West Main Street.
The two Crescent communities are about a half-mile apart.