Turnbridge Equities has commenced site demolition and will soon break ground on Highline Glenwood, a 37-story, 306-unit luxury residential tower in Downtown Raleigh, North Carolina.
In connection with the start of construction, Turnbridge has closed on approximately $147 million of construction financing provided by Axos Bank and managed accounts of the Manulife Investment Management Real Estate Credit Strategies Team. Turnbridge is providing the equity for the project.
When completed, Highline Glenwood will be Raleigh’s tallest residential tower. Its 306 units will include:
1) A 37th-floor indoor/outdoor sky lounge, and a 13,000 square foot outdoor amenity terrace on the 9th floor that will include a pool, padel court, lawn, grills, fire pits, and lounge areas
2) Additional resident amenities also include a demonstration kitchen, coworking suite with conference and videoconference rooms, a Trackman golf simulator, and a fitness center
3) Approximately 7,500 square feet of retail space on the ground floor, in addition to approximately 50,000 square feet of commercial space in the historic Creamery building, which will be preserved
The post Site Work Begins On Raleigh’s Tallest Residential Building appeared first on Connect CRE.
​Â
