{"id":9206,"date":"2023-04-18T15:20:07","date_gmt":"2023-04-18T19:20:07","guid":{"rendered":"https:\/\/www.capstone-companies.com\/?p=9206"},"modified":"2023-06-20T17:12:58","modified_gmt":"2023-06-20T21:12:58","slug":"capstone-closes-9-million-sale-of-%c2%b113-61-acre-development-site-in-greensboro-nc","status":"publish","type":"post","link":"https:\/\/www.capstone-companies.com\/capstone-closes-9-million-sale-of-%c2%b113-61-acre-development-site-in-greensboro-nc","title":{"rendered":"Capstone Closes $9 Million Sale of \u00b113.61-Acre Development Site in Greensboro, NC"},"content":{"rendered":"<p><strong>Greensboro, NC<\/strong>\u2014Capstone Companies has brokered the $9,000,000 sale of a \u00b113.61-acre development site in Greensboro, NC. The site is located at 829 Guilford College at the intersection of Guilford College Rd and Sapp Rd, directly adjacent to the Target-anchored Wendover Place Mall. The buyer is Raleigh, NC-based HHHunt, who will break ground later this year on a 360-unit, garden-style apartment community.<\/p>\n<p>\u201cHHHunt is excited to get started on another multi-family development project in the Triad,\u201d said Land Acquisition Manager, Jack Scher. \u201cThere is high demand in the submarket for a thoughtfully designed, attainable rental community, and the site\u2019s in-place multi-family zoning paired with its proximity to Greensboro\u2019s major employers and retail services drew us to this location,\u201d added Scher.<\/p>\n<p>The Capstone transaction team was led by Capstone Partner, <a href=\"https:\/\/www.capstone-companies.com\/team_member_info\/ron-corrao\/\">Ron Corrao<\/a>, and Capstone Director of Multi-Family Investment Sales, <a href=\"https:\/\/www.capstone-companies.com\/team_member_info\/eric-liebich\/\">Eric Liebich<\/a>.<\/p>\n<p>\u201cZoned and entitled multi-family land in the Triad has become increasingly difficult to find over recent years,\u201d said Corrao. \u201cFuture residents will benefit greatly from the site\u2019s ideal location, sitting within close proximity to a variety of retail and commercial services and combined with its immediate access to HWY I-40 as a main thoroughfare,\u201d added Liebich.<\/p>\n<p>The Guilford College Rd development site is comprised of 12 parcels totaling \u00b113.61 acres. Prior to selling, the previous owners proactively took the site through the rezoning process to allow for a higher density multi-family development. The development by HHHunt will consist of 360 market rate apartment units across a mix of three-story and four-story buildings, with the community featuring a clubhouse and pool.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><em>Media Contact:<br \/>\n<\/em><\/strong>Jaclyn Chapman<br \/>\nMarketing Manager<br \/>\n<a href=\"mailto:jaclyn@capstone-companies.com\">jaclyn@capstone-companies.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greensboro, NC\u2014Capstone Companies has brokered the $9,000,000 sale of a \u00b113.61-acre development site in Greensboro, NC. The site is located at 829 Guilford College at the intersection of Guilford College Rd and Sapp Rd, directly adjacent to the Target-anchored Wendover Place Mall. The buyer is Raleigh, NC-based HHHunt, who will break ground later this year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[69,16],"tags":[7,165,46,9,254,81,56,11,278,13,21,259,74,43],"career_taxtonomy":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/posts\/9206"}],"collection":[{"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/comments?post=9206"}],"version-history":[{"count":1,"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/posts\/9206\/revisions"}],"predecessor-version":[{"id":22194,"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/posts\/9206\/revisions\/22194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/media\/9222"}],"wp:attachment":[{"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/media?parent=9206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/categories?post=9206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/tags?post=9206"},{"taxonomy":"career_taxtonomy","embeddable":true,"href":"https:\/\/www.capstone-companies.com\/wp-json\/wp\/v2\/career_taxtonomy?post=9206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}