top of page
Search

Developer buys Raleigh Baptist Student Center on Hillsborough St.

  • David Bracken
  • Feb 24, 2016
  • 1 min read

RALEIGH

A developer has acquired the Raleigh Baptist Student Center building at 2702 Hillsborough Street for $860,000, according to Wake County property records.

Raleigh-based Blue Sky Services bought the building from the Baptist State Convention of North Carolina.

Nikita Zhitov, a principle with Blue Sky, said the company plans to lease the 6,000-square-foot building for three to five years while it develops plans for the site. He said plans could include a mix of office and retail or apartments and retail.

The property, at the corner of Hillsborough and Garner streets, is just a few blocks east from where Blue Sky is now constructing a 49-bed student housing project at 105 Friendly Drive. That project is expected to open this summer.

Hillsborough Street has seen a wave of student housing development in recent years, and several more are under construction, including the 96-bed Hillsborough Lofts at 2510 Hillsborough.

David Bracken: 919-829-4548, @brackendavi

Read more here: http://www.newsobserver.com/news/business/article62183422.html#storylink=cpy

 
 
 

Comments

Featured Posts
Recent Posts
Search By Tags
Follow Us
  • Facebook Classic
  • Twitter Classic
  • Google Classic

Privacy Policy and Terms of Use

© 2016 by Blue Sky Services Development, LLC. Proudly created with Lucky Marketing

Important Disclosure: BlueSkyCrowdfunding.com is a website operated by Blue Sky Services Development, LLC, (“Blue Sky”) a principal developer looking to raise money for projects that it is involved in directly or through its subsidiaries and affiliates. All escrow and securities services are outsourced to and provided by a registered broker-dealer and member FINRA / SIPC.    Each offering may involve a special purpose entity that may be controlled in whole or in part by Blue Sky or its principals.  Blue Sky its subsidiaries and affiliates may realize compensation as a result of the equity transaction as well as compensation in the form of construction fees, brokerage fees or other fees associated with a particular transaction.

 

BlueSkyCrowdfunding.com does not make investment recommendations, and no communication through this website or in any other medium should be construed as such.  Investment opportunities posted on this website are private placements of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment.  Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Blue Sky or its subsidiaries or affiliates and MAY lose value.

 

Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website.  Investors must be able to afford the loss of their entire investment.  Any financial projections or returns shown on the website are illustrative examples only, and there can be no assurance that any valuations provided are accurate or in agreement with market or industry valuations. 

 

Any investment information contained herein has been secured from sources Blue Sky Services believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor.  Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses.

 

Investors conduct their own due diligence, do not rely on the financial assumptions or estimates displayed on this website, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.

 

Blue Sky Services Development, LLC and its affiliates do NOT provide any investment advice or make any investment recommendations to any persons, ever, and no communication through this website or in any other medium should be construed as such.

 

*Past performance is not indicative of future performance

bottom of page