The development team of the future South Creek neighborhood in Chapel Hill gathered on Wednesday for a ceremony recognizing a milestone in the project: the completion of the first full building structure on the site.
Dozens of stakeholders, as well as some local dignitaries, met to hear brief remarks and see a United States flag unfurled from the roof of 95 Market to celebrate the construction progress of the apartment building — which will be the first of many elements in the mixed-use neighborhood off U.S. 15-501. Additionally, the development team provided tours of the completed structure to show off the layout, rooms and future amenities in the space, and filled a time capsule that will later be embedded into the building’s wall as a keepsake.
While the 92 apartments in the 95 Market building will be for-rent, the 600 condominiums and 100 other townhomes set for construction at South Creek will be for-sale units. Most will be at market rate, while 15% of the total units will be reserved for lower, more affordable prices. The residences will be accompanied by around 52,000 square feet of commercial space, plus a new playground, traffic lights and crosswalks across U.S. 15-501, and connections to nearby hiking trails…