Downtown Durham, which has seen many new luxury apartments and high-rise condominiums in recent years, is set to add another kind of luxury living in the coming months.
A group of developers plans to build 62 townhomes – priced from the low $400,000s to the $700,000s – on Gordon Street between Jackson and Yancey streets, a block south of Durham Police Department headquarters on West Chapel Hill Street.
The three- and four- story townhomes will range from 1,300 to 2,500 square feet, with some featuring terraces facing downtown and a few street-adjacent units having retail and office space on the first floor.
4 Line LLC, the sponsors of the project, say the townhomes will give young professionals and empty-nesters a new living option in the downtown area beyond renting, said Jim Schaafsma of 4 Line and Greymont Development, which is also involved with the project.
“We don’t think there has been much [for-sale] product delivered in downtown Durham,” said Jim Schaafsma of Raleigh-based 4 Line LLC. “There have been quite a few rental units built and delivered but there has been a dearth of for-sale housing.”
Downtown Durham Inc. CEO Nicole J. Thompson agreed, saying the townhomes will bring a needed residential option in or near downtown that is not multifamily or single-family detached. More than 1,300 apartment units could be added to the downtown market in the coming months, according to Downtown Durham Inc..
“(This project) meets an increasing need we see occurring in the type of employees and residents interested in downtown’s amenities and environment,” she said. “We are seeing more young professionals, young families, and empty-nesters looking for low-maintenance walkable-urbanism that they can own.”
4 Line paid a little more than $3.3 million for nine parcels of land under the name 512 Gordon Street LLC, according to county property records. The properties were owned by various different landlords and had now-vacant rental properties on them.
Construction on the project is likely to begin in the New Year and the first units could be ready by late 2018, Schaafsma said.
High-end townhomes have become popular for downtown living in recent years. In Raleigh, several high-end townhome developments have sprouted on the edge of its downtown, some topping $1 million.
The Durham project is 4 Line’s second townhome development – it is also targeting the Raleigh market with the planned The Fairweather townhomes in the Warehouse District.
The Durham project represents another development targeting the western edge of downtown. The nearby former Crown Park Hotel on Willard Street is set to become a large apartment complex and Capitol Broadcasting is in the planning stages of a development project for the University Ford property beside the American Tobacco Campus.
North of the townhomes, the current police headquarters is also scheduled to be redeveloped after the police move to East Main Street next year, and on West Main Street, the former Howerton-Bryan Funeral Home is being turned into a 200-unit apartment complex called Solis Brightleaf.