Our initial investment is a ground-up, for sale townhome development in the Morehead Hill area of Durham, North Carolina. We plan to create a community of luxury townhomes that will cater to those currently living in luxury rentals who want to own their own home, or those looking to downsize and relocate closer to the Downtown to maintain an active lifestyle. We are excited to offer a high end product, with multiple common green spaces and a fully equipped Amenity Clubhouse.
Alchemy Properties South and Alchemy-ABR Investment Partners in a joint venture with New Valley Realty purchased 303 S Dawson Street and 217 W Martin Street located in Raleigh, North Carolina. Our current plan is to develop a Class A luxury mixed-use residential tower. The Property is located across the street from Nash Square Park, a beautiful, four acre landscaped and historic green open space that connects the Warehouse District with Downtown Raleigh. New York-based architects Morris Adjmi and Raleigh-based JDavis Architects are designing the new building that pays homage to the Warehouse District.