Capital Meadows offers a unique redevelopment opportunity in providing a dynamic mixed-use project geared towards accommodating a senior living/assisted living, 55+ community ideally located along the Capital Boulevard Corridor. This 35-acre site is fully rezoned for a mixed-use development, a highly anticipated planned project to meet the growing demand for multi-generational living, centered around a vast courtyard full of greenspace and mature landscaping. Two existing office buildings are on-site, Building A1 at 47,886 square feet and Building A2 at 4,700 square feet. Continuing around the atrium courtyard will be two brand-new medical office buildings, boasting spacious floor plates and build-to-suit options. Each medical office building will be one to four stories high, perfect for large medical practices, physical therapy tenants, dental, medical rehabilitation, and more, and intends to supply the needs of the core multi-family residential units, senior living/assisted living residents, and the surrounding communities.
At the heart of this vibrant community will be a four-story, 191-unit multi-family property for active senior living use, surrounded by numerous walking trails and green space to promote healthy living. Thoughtful by design, this multi-family property will be adjacent to an additional 99-unit apartment building and roughly 36 townhomes, all multi-generationally designed with helping families in mind. Incredible flexibility in the current rezoning allows for an open book of possibilities. Water, sewer, and utilities will be provided.
Situated along the prominent Capital Boulevard corridor just north of the Wake County border, the Capital Meadows development has unmatched accessibility and convenience. The site will have multiple ingress and egress points along with a signalized intersection. Capital Boulevard is a significant area thoroughfare providing seamless connections to Raleigh and the Triangle area up into Franklin County to Interstate 85. Numerous national retailers, shopping options, restaurants, and services can be found along Capital Boulevard, including Planet Fitness, Harris Teeter, McDonald's, Target, The Home Depot, Wegmans, Walmart, Kohl's, and more. Owner-occupants, tenants, and investors will find that Capital Meadows is a one-of-a-kind development opportunity, ready to provide a dynamic mixed-use project to meet the growing demands of a senior/assisted living or retirement community.
Donna Klein
REIT Place, llc
