10/06/2021

Piney Place in Cary Celebrates Sell Out

Chappell is thrilled to announce its Piney Place development in Cary achieved a complete sell-out in roughly six months. The development, created in partnership with Gemstone Homes, is an evident success and epitomizes the demand for multi-residential communities in the Town of Cary.

This was the first development that Chappell [Powered by Compass] established in the area, and the first homes are on schedule to be delivered this Fall.

Sold Out at Piney Place
The first nearly finished homes at Piney Place.

The community features 23 modern townhomes in central Cary that all sold in their pre-sale period. These homes, located at 2416 Piney Plains Road, boast unique access to Crossroad Plaza and Waverly Place,  only minutes from Downtown Cary and easy access to various greenway trails.

Waverly Place, Cary NC
Outdoor shopping and dining, minutes from Cary, NC.

While the locale was a considerable differentiator thanks to its accessibility to shopping, dining, and daily necessities, the seamless, open-concept layouts embedded in a chic farmhouse-style design attracted buyers instantly. Being sold out at Piney Place also highlights the Cary community’s growth and the need for similar residential neighborhoods.

PROJECT TIMELINE

March 2021 // Piney Place launches + Presale Begins. Gemstone Homes begins construction in Cary.

June 2021 // Crews laid the foundation on the first two buildings, with 30% of homes already sold. 

June 2021 // Construction at Piney Place goes vertical, and these townhomes begin to take shape.

August 2021 // 75% sold out; framing begins on buildings 3 and 4.

Early October 2021 // Officially sold out at Piney Place, with the community featured in the Triangle Parade of Homes

“Piney Place’s success isn’t surprising – it all comes down to a superior product and a great locale. Cary embraces the best of city-living without surrendering its small-town soul.”

 

Homes for Sale in Cary NC
Aerial Overview of Piney Place in Cary

“Piney Place was one of our very first, large-scale projects in the Town of Cary – but it certainly won’t be our last,” said Johnny Chappell, Broker at Chappell. “Piney Place’s success isn’t surprising – it all comes down to a superior product and a great locale. Cary embraces the best of city-living without surrendering its small-town soul. We’re excited to expand our reach further and help more families call this city home. Not to mention, anytime we collaborate with our friends at Gemstone Homes, our firms bring incredible communities to the market. This neighborhood was no different, and we’re excited about future ventures together.”

piney place cary nc
Inside the nearly complete homes at Piney Place in Cary, NC

Holly Springs-based general contractor Gemstone Homes acted as developer and builder, and Midtown Designs was the project architect. Chappell handled all sales while reroute led all marketing efforts. For more information on being sold out at Piney Place, visit PineyPlace.com or contact 919.670.0022. For details on future projects or new neighborhoods in the Triangle area, visit ChappellRes.com/Builders and explore our current listings here.

 

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 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.

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

 

About Gemstone Homes 

Gemstone Homes is a locally owned, custom home building company. Gemstone Homes is committed to serving the community as a local business with strong family roots in the area. With a combined 30 years of experience in the construction and home building industry, Ken Godwin and Chris Schiavone decided in 2017 to branch out on their own and launched Gemstone Homes.

The Gemstone name was inspired by the birth of Ken’s daughter, Ruby. Like a gem, we know each home is precious to the families who purchase and live in them. At Gemstone, we work hand in hand with our clients at every step of the home build process. From design to execution, we strive to deliver a home that exceeds our buyer’s expectations of what a home should be.

We hope that any time you see the Gemstone Homes name, you will think of the quality, beauty, and pride we put into each of our Triangle Area, North Carolina homes.

 

About Midtown Designs

Carl Welch, owner and designer at Midtown Designs, has created award-winning designs for over 30 years. Carl is a Certified Professional Building Designer and professional member of the American Institute of Building Design. He has earned a reputation for consistently delivering top-quality designs and receiving recognition from threebestrated.com, Houzz, and the Wake County Home Builders Association Parade of Homes.

At Midtown Designs, Carl has created a welcoming environment with unparalleled customer service, award-winning designs, and years of experience in a complex and dynamic industry.