Download Offering Materials: Tranquility at Northpark
Capstone Land Sales is pleased to present the Tranquility at Northpark Senior Development Site, a ±12.70-acre, fully zoned senior development site located in the robust Wake Forest submarket of northeast Raleigh. Tranquility at Northpark is well positioned as a by-right, active adult or independent living community. The subject site is located amongst the best Class A retail that Wake Forest has to offer and is surrounded by multiple amenities geared towards the 55+ demographic. With direct access and visibility from US 1/Capitol Blvd and Hwy 98/Durham Rd (Wake Forest’s primary thoroughfares), strong senior housing market fundamentals, and the growing need for additional senior housing options, Tranquility at Northpark is poised for a highly successful, institutional-quality senior housing development.
Development Highlights:
In-Place Multi-Family Zoning
Minimal Nearby Age-Restricted/Senior Housing Competition
Strong Senior Multi-Family Market Fundamentals
Surrounded by Amenities, Class-A Retail, and Healthcare
Highly Accessible to Major Thoroughfares & Downtown Raleigh
