Development Beat: New Building Report

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Monday, February 8, 2016

We don’t have a whole lot to report in the New Building category this week: a replacement apartment building, a new “triplex” and a parking lot. Ooosh.

We’ll start with the apartment building. One of the buildings at the Courtney Place Apartments on, not surprisingly, Courtney Lane in North Raleigh near the Capital/Louisburg Road split.

No sweet mid-90s cars were damaged in the fire

Wake County

No sweet mid-90s cars were damaged in the fire

The two-story, wood-joist building was first built in 1980. Thankfully, permits indicate that the fire alarms were replaced in 2012, because one of those buildings was so damaged by fire last year that it had to be torn down in September.

Now, permits have been issued for a new, 5,726 square-foot, two-story, four-unit building that will replace the fire-damaged structure demolished last September by Cecil Holcomb Demolition. First Choice Construction Management will be handling the job for $425,000, or about $106,000 per unit.

The complex was acquired by its current owner, the Brookfield Property Group, in 2013 for $13.9 million.

While we don’t usually cover non multifamily residential projects, something on the permits sheet from last week caught my eye with a term I’m pretty sure I haven’t seen before: triplex. Obviously duplexes get built every week, but a triplex? This was something worth (briefly) looking into.

First off, I guess it means you can just slap whatever prefix you want onto “plex” and have it be whatever you want. I guess this makes sense: a Cineplex is a movie house, a duplex is a two-unit house, triplex is three unit…so does that mean a house built underground would be considered a suplex?

Interestingly enough, the triplex will be built on the site of a former duplex at 4109 Reavis Road, located just off Western near the 440 interchange.

The former duplex on the site of the new triplex

Wake County

The former duplex on the site of the new triplex

The current landowners acquired the property for $57,000; the triplex will be built at a cost of $333,333 (seriously!) by Perry General Contracting.

Finally: that parking lot. Unfortunately, it’s not a casino-adjacent parking lot designed for limousines that an old lady’s house would have been demolished for, so it’s not a very interesting subject of discussion. And yes, for the Trump fans out there — I know the old lady turned down $5 million and the house is still standing. Doesn’t make “limousine parking lot” any less funny. Not as good as Romney’s car elevator, but still.

This $12,000 parking lot will be built at 3605 Marble Ridge Lane in service of a sales office, that, we speculate, will belong to Wilson Parker Homes of Raleigh for the Tryon Place II residential development. We could be wrong, but the owner of the parking lot property also owns most of the adjacent land, and it seems like that’s what’s in store. Exciting stuff.

The site of the new parking lot

Google Maps

The site of the new parking lot

Tomorrow: Teardown Tuesday!

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