Cumberland Townhomes Available in Downtown Raleigh
Chappell is thrilled to announce the second half of its Cumberland & Gregg development in Downtown Raleigh is now available. This launch comes on the heels of the first Cumberland & Gregg locale achieving a complete sell-out late last Fall.
The dual-locale development, created in partnership with Concept 8, is an early success and epitomizes the demand for multi-residential communities in Downtown Raleigh. After the Gregg Street offerings sold out in under four months, it was clear that turn-key townhomes in this locale were popular with buyers coming to the metropolitan area.
The Cumberland townhomes are the second half of the development planned by Chappell [Powered by Compass] in collaboration with Concept 8. The first Gregg Street homes are on schedule to deliver in 2022, with the Cumberland offerings following. With all of the townhomes at the Gregg Street locale under contract, the Cumberland & Gregg development is officially 50% pre-sold.
The community features eight modern townhomes distributed between two separate Downtown Raleigh locales: 1025 Gregg Street and 628 Cumberland Street. Each site boasts easy access to the urban excitement of Downtown Raleigh and public greenspace at recently renovated John Chavis, Memorial Park.
While the locale was a considerable differentiator thanks to its accessibility to shopping, dining, and daily necessities Downtown, the seamless, open-concept layouts and modern styling attracted original buyers quickly. A trend that Chappell hopes to continue with this second locale.
PROJECT TIMELINE // TO DATE
August 2021 // Cumberland & Gregg Launches + Presale Begins for Gregg Street.
September 2021 // Gregg Street crews laid the foundation for preliminary framing.
October 2021 // Construction at Gregg Street goes vertical, and these townhomes begin to take shape.
November 2021 // Gregg Street sells out; construction continues on-site with final homes deliverable in 2022.
January 2022 // The final Cumberland & Gregg offerings are made available on Cumberland Street.
“I’m thrilled to introduce buyers to the convenience and connectivity that C&G offers…Not to mention, from their garages to their rooftop patios, these Cumberland offerings fully embrace the cool, collected vibe today’s buyer’s expect from DTR living.”
– Heather Mansfield, Broker at Chappell and Seller’s Agent for C&G
“The success we saw on Gregg Street made us wish we had more homes to sell! And if buyer demand echoes anything similar to what we saw for the first half of development at C&G? We’re sure to see relative successes at our Cumberland locale,” stated Heather Mansfield, Broker at Chappell.
She continued: “To sell out a community in four months during its pre-sale period is impressive in itself, and what that tells us is the demand for turn-key living in this area is there. I’m thrilled to introduce buyers to the convenience and connectivity that C&G offers. From commuters to creators, anyone passionate about embracing Downtown Raleigh living is sure to find themselves right at home in these contemporary, new-construction homes. Not to mention, from their garages to their rooftop patios, these Cumberland offerings fully embrace the cool, sleek vibe buyers expect from DTR living.”
ADDING TO OUR CITYSCAPE
This much-anticipated launch of these modern townhomes on the corner of Cumberland & Tipton is fueled by the over-arching increase in development, both residential and commercial, throughout this Downtown Raleigh district.
Mansfield commented on this community growth, stating: “We’re seeing a lot of progress towards making Downtown more homeowner-friendly, including the City of Raleigh implementing plans to redo underground utility lines in the area. As new neighborhoods continue to break ground, I’m proud to not only provide my clients with unique insight into the market’s new growth but to represent a firm like Chappell that’s pioneering some of the progress!”
Apex-based general contractor Concept 8 acted as builder, and Concept 8 Holdings developed the project. Chappell handled all sales while reroute led all marketing efforts. To speak with Heather about the final Cumberland & Gregg homes, visit her contact page, located on our team page. For more information on the upcoming townhomes coming to Cumberland Street, visit cumberlandandgregg.com or contact 919.301.9603. For details on future projects or new neighborhoods in the Triangle area, visit our Builder page and explore our current listings.
// #GotToBeCG x #ChooseChappell x #Compass
PROJECT PARTNERS
Developed By: Concept 8 Holdings
Construction By: Concept 8
Concept 8 is a design-forward, residential home builder that specializes in pre-construction and construction services in Raleigh, NC, and other surrounding areas. Since 2012, their business has become a recognizable leader in our industry due to an impeccable commitment to service and craftsmanship. Whether building a custom home, constructing a community, or renovating an existing space, the Concept 8 team focuses on meticulous planning, design, and execution to make your dream home a reality.
Sales By: Chappell [Powered by Compass]
Chappell [Powered by Compass] is a team of doers and creators pushing the bounds of expected real estate to deliver an exceptional experience. As one of the best residential real estate firms in the greater Raleigh, Durham, & Triangle areas, we are a team of knowledgeable experts who bring years of insight and expertise to every interactioWe’re’re proudly powered by Compass, the best boutique brokerage in the country. Tech-driven with tools and resources to ignite any listing or project, we invite you to experience real estate differently – whether it’s buying, building, or selling.