Growth: Southeast News

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September 08,  2021

 

A joint venture has started work on a 365,000 sq. ft., 20-story tower in Raleigh.

A City of Raleigh building permit application from December, 2020, puts the construction value of the project at $76,389,211. Gensler is designing the structure at 400 Hillsborough St.

Trammell Crow Company (TCC), its residential subsidiary High Street Residential (HSR), and development partners AECOM-Canyon Partners and HM Partners are building the mixed-use project named 400H. QuadReal Property Group from Vancouver, Canada has provided the financing for the tower that will include 150,000 sq. ft. of office space, 242 residential units and 16,000 sq. ft. of ground floor retail.

Construction starts this month and is scheduled for completion in the fall of of 2023.

AECOM-Canyon Partners, a joint venture partnership between AECOM Capital, the real estate investment arm of global infrastructure firm AECOM, and Canyon Partners Real Estate, the real estate direct investing arm of Canyon Partners, LLC, a global alternative asset management firm, is providing joint venture equity capital and construction expertise, the statement said.


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