04/15/2022

Glenwood South’s 615 Peace Sells Out

Chappell is thrilled to announce its Downtown Raleigh development, 615 Peace, achieved a complete sell-out earlier this month. The development, created in partnership with Lock 7 Development, is a clear success showcasing the demand for turnkey, high-touch living on the cusp of Downtown Raleigh.

615 Peace | Modern Condos, Downtown Raleigh, Real Estate
Rendering of 615 Peace, Currently Under Construction in Downtown Raleigh

Peace is the second development that Chappell [Powered by Compass] partnered with Lock 7 to execute. The Stephenson, a modern condominium minutes from 615 Peace and steps from Downtown Raleigh’s Village District, was launched a few months before 615. Notably, both joint ventures sold out in their respective pre-sale periods.  

The collection features 24 modern condos on the corner of N Boylan and W Peace St. These homes, located on the cusp of Glenwood South, boast unparalleled access to the shopping, dining, and attractions that define Downtown Raleigh. The locale is blocks away from the burgeoning Smoky Hollow district and only minutes to various public greenspaces, including Fred Fletcher Park.

Aerial view of Smoky Hollow, blocks from sold out 615 Peace

While the walkable convenience was a clear motivator to buyers seeking easy DTR access, Peace’s open-concept layouts, modern styling, and penchant for indoor/outdoor living options attracted potential buyers almost instantly.

PROJECT TIMELINE

September 2020 // 615 Peace launches + presale begins. 

October 2020 // Roughly two weeks after launch, 615 Peace is already 30% presold. 

February 2021 // Preliminary construction continues onsite, while 50% of the residences are presold.

August 2021 // Construction officially goes vertical, with roughly 60% of the residences presold.

December 2021 // Roughly 75% presold at 615 Peace. 

Early 2022 // 615 Peace sells out on Glenwood South in Downtown Raleigh.

“Peace’s modern focus and industrial feel intentionally complement our Capital City’s signature architecture, while our build’s styling raises the bar for other incoming residential offerings.”

 

– Johnny Chappell, Owner/Broker at Chappell

 

615 Peace | Modern Condos, Downtown Raleigh, Real Estate
Aerial Rendering of the future 615 Peace Site in Downtown Raleigh

“Bringing high-style, low maintenance offerings to Downtown Raleigh is always the goal, but 615 Peace takes it a step further,” states Johnny Chappell, Owner/Broker at Chappell. “We’re delivering more than a turnkey build – it’s a turnkey lifestyle. 615 Peace is powered by Glenwood South, putting future homeowners a five-minute walk in any direction from some of Raleigh’s best shopping, dining, and nightlife. Or – an elevator ride from an exclusive rooftop. It doesn’t get better than that.”

Chappell continues, “Peace’s modern focus and industrial feel intentionally complement our Capital City’s signature architecture, while our build’s styling raises the bar for other incoming residential offerings. Lock 7 Development made this focus a priority throughout our partnership – and we’ve been thrilled to help execute this innovative vision here and replicate its success at our other collaboration, The Stephenson. These developments are the beginning of what’s to come from our firms’ partnership, and I’m looking forward to a bright future of building skylines together.”

Welcome to The Stephenson Condos
The Stephenson in The Village District of Raleigh, NC

Washington DC-based Lock 7 Development acted as developer, Metrocon led the build, and New City Design was the project architect. Chappell handled all sales while reroute led all marketing efforts. For more information on being sold out at 615 Peace, visit 615peace.com or contact 919.420.3227. For details on future projects or new neighborhoods in the Triangle area, including the most recent Downtown Raleigh development news, visit ChappellRes.com/Builders, explore our current listings, or connect directly with a Chappell new development expert.

 

About 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 interaction. We’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.

For more information about Chappell, visit ChappellRes.com, or search #ChooseChappell on social media.

About Lock 7 Development

Lock 7 Development is a boutique real estate development firm with over 13 years of experience. They specialize in developing multifamily buildings, mixed-use properties, and self-storage facilities in Washington, DC, and North Carolina. Its focus is on urban infill sites, targeting assets in walkable, established communities. It creates unique and exciting places to live and work with a strong emphasis on creative design and environmentally-friendly building techniques. 

About New City Design Group

New City Design Group is an award-winning architecture and design studio, crafting world-class projects since 1996. We are an independent architecture and design studio in Raleigh, NC. Our approach to architectural practice is simple; we bring three core values to each assignment – an abiding spirit of innovation in design and problem solving, a deep commitment to quality, and an unwavering focus on helping our clients achieve their highest goals. We regard the best architectural effort as a conversation between stakeholders that results in successful, attractive, and functional design.