{"id":1004096135,"date":"2014-05-08T07:00:38","date_gmt":"2014-05-08T15:00:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004096135"},"modified":"2022-12-06T13:13:32","modified_gmt":"2022-12-06T21:13:32","slug":"grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\/","title":{"rendered":"Grubb Properties, Kalikow Begin Construction on 204-Unit M-F Property in Raleigh, NC"},"content":{"rendered":"<p><i>By Scott Baltic, Contributing Editor <\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004096138\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\/grubb\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg\" data-orig-size=\"2343,1425\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"GRUBB\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?w=1024\" class=\"alignleft size-medium wp-image-1004096138\" alt=\"GRUBB\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg\" width=\"300\" height=\"182\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg 2343w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=300,182 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=768,467 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=1024,623 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=1536,934 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=2048,1246 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=150,91 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=696,423 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=1068,650 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=1920,1168 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg?resize=691,420 691w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>North Carolina real estate company Grubb Properties has begun construction of a six-story, 204-unit apartment community in Raleigh, N.C., the developer announced Wednesday. Grubb Properties\u2019 development partner is The Kalikow Group, Westbury, N.Y., a private source of joint venture equity financing for middle-market developers, operators and builders.<\/p>\n<p>Scheduled for completion in spring 2015, Link Apartments Glenwood South features a mix of studio, one and two-bedroom units with walk-in closets, USB outlets, large bathroom vanities and well-appointed kitchens.<\/p>\n<p>Amenities include a fitness center, cycle center, dog park, pool, club room and outdoor recreation area. An above- and below-grade parking deck\u00a0will feature one parking spot per bedroom, for 243 spaces.<\/p>\n<p>The architect is Cline Design Group, of Raleigh and Charlotte.<\/p>\n<p>Grubb Properties purchased the 1.27-acre site, at the intersection of North West Street and West Jones Street, in late April. This former warehouse district is now a hub of nightlife, retail and restaurants.<\/p>\n<p>The site is walking distance from the neighborhood\u2019s main artery, Glenwood Avenue, and the downtown core. A light rail stop is planned across the street, a bus stop is nearby and the new Amtrak station is less than a mile away.<\/p>\n<p>\u201cThis investment underscores our commitment to provide upscale housing to a growing generation who value being close to urban employment centers, restaurants, nightlife, shopping, cultural facilities and public transportation,\u201d Todd Williams, executive vice president of Grubb Properties, said in a release.<\/p>\n<p>The Raleigh development is the third of Grubb Properties\u2019 branded apartments appealing to urban dwellers, particularly millennials. Link Apartments Manchester in Richmond opened in 2013, and Link Apartments Brookstown will open in Winston-Salem this summer.<\/p>\n<p>A first half 2014 report from Marcus &amp; Millichap describes a multi-family market that\u2019s moderating somewhat but is still strong, buoyed by steady local job growth and the Research Triangle\u2019s exceptional educational institutions and \u201cflourishing\u201d economy.<\/p>\n<p>The report predicts job growth of 2.6 percent, or 22,000 jobs, this year, and adds that the high percentage of Research Triangle university graduates who remain in the area drives much of the demand for apartments.<\/p>\n<p>The flip side is that about 8,400 apartment units will come online in 2014, expanding the inventory by more than 6 percent. Marcus &amp; Millichap\u2019s analysis foresees an increase in vacancies to 5.6 percent, with a slowing of rent increases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Carolina real estate company Grubb Properties has begun construction of a six-story, 204-unit apartment community in Raleigh, N.C.<\/p>\n","protected":false},"author":882,"featured_media":1004096138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,1604],"tags":[],"class_list":["post-1004096135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-raleigh-durham"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Grubb Properties, Kalikow Begin Construction on 204-Unit M-F Property in Raleigh, NC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grubb Properties, Kalikow Begin Construction on 204-Unit M-F Property in Raleigh, NC\" \/>\n<meta property=\"og:description\" content=\"North Carolina real estate company Grubb Properties has begun construction of a six-story, 204-unit apartment community in Raleigh, N.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-08T15:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T21:13:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/GRUBB.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2343\" \/>\n\t<meta property=\"og:image:height\" content=\"1425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Grubb Properties, Kalikow Begin Construction on 204-Unit M-F Property in Raleigh, NC\",\"datePublished\":\"2014-05-08T15:00:38+00:00\",\"dateModified\":\"2022-12-06T21:13:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\\\/\"},\"wordCount\":394,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/05\\\/GRUBB.jpg\",\"articleSection\":[\"Development\",\"News\",\"Raleigh-Durham\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grubb-properties-kalikow-begin-construction-on-204-unit-m-f-property-raleigh-nc\\\/\",\"name\":\"Grubb Properties, Kalikow Begin Construction on 204-Unit M-F Property in Raleigh, NC - 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