Nov
10

High Rise Mixed Use Planned for Durham

By

A Charlotte real estate development firm is confirming plans to buy the Hendrick Durham Auto Mall property on Roxboro Street with major plans for a high-rise, mixed-use building project – once the dealership moves to its new home in south Durham next spring.

Charles Lindsey McAlpine, managing partner of Charlotte-based CitiSculpt, says he has a “hard” contract with Hendrick Automotive Group to buy the property from the auto company once the property is vacated in 2015. The Hendrick Durham Auto Mall, which sells Chevrolet, Cadillac, GMC and Buick cars and trucks, is relocating to a new dealership site near from The Streets at Southpoint mall.

McAlpine would not disclose terms of the downtown property deal, but the 12.5-acre site at 409 S. Roxboro St. has a tax value of nearly $7 million, according to Durham County records.

“In the meantime, we are actively controlling the property and working on variations of a master plan,” McAlpine says.

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Categories : Durham

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