Source:


Deaton Investment Real Estate & The Wake County Apartment Association



Thursday, February 17, 2011

New home development coming near Wade/RBC Center

Lennar Homes (www.lennar.com) recently purchased 40 acres of land near the Intersection of Wade Ave. And I-40. The site is very close to the RBC Center where the Carolina Huricanes and NC State Basketball teams compete. Five years ago you could have expected the end-product home to be $400K to well over $500K. However, Lennar's ability to purchase the land at "today's" prices should result in townhomes and signle family homes between $170,000 and $370,000. If that proves true, Lennar will probably be very successful selling in the new neighborhood...to be called "Inside Wade." For more about the deal read David Bracken's article in the News and Observer.

1 comment:

Unknown said...

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