INFILL, 5.77-ACRE DEVELOPMENT OPPORTUNITY
Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), is pleased to offer for sale Twin Lakes South, a rare 5.77-acre development opportunity with flexibility to pursue a myriad of development options, such as multifamily, condo, retail, office, or medical office. Ideally situated within the heart of Cary, NC and located within Twin Lakes Center, a 126,000 SF Wegmans-anchored retail center opening in summer 2020 (expected), this opportunity has invaluable proximity to the major employment hubs of Research Triangle Park as well as Imperial Center Business Park as well as walkability to surrounding retail establishments such as Starbucks, Jersey Mike’s, Anytime Fitness and more. With this, the Twin Lakes South Site is well-positioned for many various types of development in a luxurious submarket known for long term sustainability, high-end demographics, excellent access to employers, and walkability to desirable lifestyle amenities. With these factors, area multifamily rents have skyrocketed to over $1,500 in nearby developments (The Aster, Trilogy Cary) and achieved record sale pricing. Home prices in the area continue to soar as notable townhome developments are achieving north of $375,000 on townhome sales and above $500,000 on single family property.