Circle Nine Breaks Ground - lots of other development to come to Ninth Street soon

Crescent Resources, a real-estate development company that, on December 5, has purchased a a six-acre site adjacent to Ninth Street and the historic Erwin Mill building has finally broken ground on Circle Nine, an upscale 303 apartment complex designed to meet meet Leadership in Energy and Environmental Design (LEED) certification requirements from the U.S. Green Building Council. Instead of one contiguous building, Circle nine will consist of several four-story building, allowing for a number of community space, including a park, pool, and fitness courtyard. For a complete description of the project, read here.

Read more here: http://www.sacbee.com/2012/02/22/4283200/crescent-resources-celebrates.html#storylink=cpy

As described in the Triangle Business Journal article from a few months ago, the influx of new construction in and around Ninth Street area represents the first major development since the early 1990 when the Erwin Square Plaza and the adjacent apartment complex were built. In addition to Circle Nine, a new Hilton Garden Inn Hotel is in the development pipeline of Olympia Properties, a Maine-basde developer. This hotel will be facing Main Street, with Circle Nine Apartments immediately behind it (see the map below)

Perhaps relatedly -- and I will cover this in a separate post later this week -- a new Harris Teeter  is coming to the building formerly occupied by George's Garage.

 Here is what the construction site looks like today.

The full press release is after the break. 

Company to break ground on a new apartment complex on Ninth Street

DURHAM, N.C., Dec. 5, 2011 /PRNewswire/ -- Crescent Resources, LLC completed its acquisition of a six-acre site adjacent to Ninth Street and the historic Erwin Mill building today. Construction will begin immediately on a landmark 303-apartment home community, Circle Ninth Street. The first apartments are expected to be complete in the fall.

There rest of the story is here and here. Check out the official website.