Gregg Street Sells Out in Downtown Raleigh
Chappell is thrilled to announce the first half of its Cumberland & Gregg development in Downtown Raleigh achieved a complete sell-out in under four months.
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. This was the first half of the development planned through this Chappell [Powered by Compass] x Concept 8 collaboration, with the first Gregg Street homes scheduled to deliver in 2022.
The community features eight modern townhomes distributed between two separate Downtown Raleigh locales: 1025 Gregg Street and 628 Cumberland Street. Each locale boasts easy access to both the urban excitement of Downtown Raleigh, and to 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 buyers quickly.
With all of the townhomes at the Gregg Street locale under contract, the Cumberland & Gregg development is officially 50% pre-sold before construction’s completion. The much-anticipated townhomes coming to Cumberland St are launching in early 2022.
PROJECT TIMELINE // TO DATE
August 2021 // Cumberland & Gregg Launches + Presale Begins for Gregg Street.
September 2021 // Gregg Street crews laid the foundation on and begin 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.
Coming in 2022 // Expected launch of Cumberland Street offerings in Early 2022.
“All this excitement surrounding the sell-out only heightens the anticipation for our Cumberland Street offerings, blocks down the road from Gregg St. and boasting their own unique charm.”
– Heather Mansfield, Broker at Chappell
“The success we’ve seen as Gregg Street sells out isn’t surprising – who doesn’t want to live in Downtown Raleigh right now?” asked Heather Mansfield, Broker at Chappell.
She continued: “Our buyers were instantly drawn to the convenient locale but were sold on the contemporary layouts. The walkability, the open space, the tall ceilings? Buyers could tell immediately each detail of the design concept and architectural plan was considered, thanks to the craftsmanship of the Concept 8 team”.
DEVELOPMENT IN DOWNTOWN CONTINUES
The much-anticipated launch of the Cumberland Street townhomes is bolstered by the over-arching increase in development, both residential and commercial, throughout this Downtown Raleigh community.
Mansfield commented on this community growth, stating: “All this excitement surrounding the sell-out only heightens the anticipation for our Cumberland Street offerings, blocks down the road from Gregg St. and boasting their own unique charm. There’s so much action surrounding Downtown Raleigh development right now – I’m thrilled to represent a firm like Chappell that’s really leading the charge!”
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 ChappellRes.com/Builders and explore our current listings here.
// #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.
Marketing By: Reroute