A new batch of high-end, built-to-rent townhomes is set to rise in the shadow of Crabtree Valley Mall in north Raleigh, bringing gated, amenity-heavy living to one of the city’s busiest retail corridors. Charlotte-based Pappas Properties is planning a private community of about 65 rental townhomes with two- and three-story floor plans and shared amenities. The development, now being marketed as Cadia Grandview, started site work this winter and is expected to begin leasing in early 2027.
Project details and timeline
Pappas has broken ground at 5201 and 5301 Homewood Banks Drive, where the community will include 65 townhomes, according to Multi‑Housing News. The homes are planned as two- and three-story layouts of roughly 1,500 to 1,800 square feet……