Raleigh, NC, United States of America - July 31, 2015 /MarketersMedia/ — Investment and development partners celebrated the ground breaking of their newest mixed-use luxury student apartment community in Raleigh, North Carolina. Blue Sky Services has partnered with several of the biggest designers, builders and investment firms to secure finance from HomeTrust Bank for the project, which broke ground recently to celebrations from the local community. Founded in 1926, the bank has grown from a single location into a modern regional community bank backed by more than $2.6 billion in assets as of March 31st, 2015.
Located at the corner of Friendly Drive and Hillsborough Street, the Community will consist of 16 luxury student apartments with 49 total residences. A combination of 1, 2 and 4 bedroom apartments will be offered, including four penthouse units on the fifth floor. Three thousand, eight hundred square feet of Class A Retail Space is available for lease on the Ground Floor.
Developer Nikita Zhitov said, “Hillsborough Street is one of the main thoroughfares into Downtown Raleigh, and want to introduce our city to visitors with new, Class-A spaces like our development. The City of Raleigh and NC State University have put significant efforts into redeveloping the Hillsborough streetscape, and we are happy to contribute to these efforts.”
He also mentioned that Ted Van Dyk of New City Design Group was instrumental in coordinating the successful rezoning of the property, working with City Council Members and the Planning Commission. Partners Bobbitt Design Build is the Carolinas’ largest design build contractor for commercial construction, while New City specializes in urban infill, mixed use projects, as well as unique restaurant, retail and office design.
Blue Sky Services Commercial Construction Principal Dave Medvetz said, “This new development was made possible with extraordinary team work, especially the efforts of Ted Van Dyk of New City Design Group, City of Raleigh Officials and Jim Bell of Bobbitt Design Build, Inc. The level of cooperation with these tremendous business professionals encourages me to look to the future. As we continue acquiring land in the City of Raleigh, we will deliver more mixed use developments to the local community.”
Jim Bell, President of Bobbitt Design Build explained, “We’re excited to be on this team of local developers and help make this project a reality. Each team member’s perspective has been a valued component of a large coordinated effort to deliver a great locally-owned, mixed-use product that will benefit Hillsborough Street and the surrounding community for many years to come.”
About Blue Sky Services: Established in 1996, the Blue Sky Services group of companies develops distinctive and diversified real estate projects in select North Carolina core markets. Through their commercial construction, commercial brokerage and property tax appeal divisions, Blue Sky offers nearly 50 years of combined experience in the complete spectrum of land services.
For more information about us, please visit http://www.blueskyservices.com/
Name: Donna Perez
Organization: Blue Sky Services Commercial Construction LLC