1533 Ellis Road
292 Class A apartments are included on the 44-acre site in a three-story, garden style product designed by Chancey Design headquartered in Tampa, FL. Unit mix consists of one, two and three bedroom apartments ranging from 782 – 1,185 square feet in size. Amenities include a 6,000 square foot clubhouse with full service fitness center, media room and pool. Other amenities include on-site car wash, tot-lot, grilling area, picnic areas and 10 acres of undisturbed woodlands for walking, jogging or biking.
The 44-acre site provides a unique opportunity for luxury apartment living at the northern rim of the 7,000-acre Research Triangle Park, home to 157 companies, 39,000 full-time employees and 10,000+ contract employees and centrally located between Raleigh, Durham, Cary, Morrisville and Chapel Hill. Fundamentals for this multi-family site are sound with 1200+ feet of frontage on NC-147/Durham Freeway, 50,000 high-tech employees within a five-minute drive and numerous other planned/proposed developments in the immediate vicinity of the site including the 188-acre Northeast Creek mixed-use development.
Opened July 2013. Stabilized July 2014.