What benefits will 751 South bring to the Durham community? What impact might it have on our properties’ value?
A. Durham community residents will live very close to a world-class, pedestrian-friendly mixed-use development offering attractive retail, desirable office space and about 55 acres of open, green area. There will be clear benefit for CR from SDD’s donation of school sites, a fire station site and space for a new sheriff’s substation. We firmly believe that 751 South will be a positive addition to the property value appreciation trend occurring in southern Durham since Southpoint came into being. While we don’t have the luxury of making guarantees, there is reason to believe that the land in the 751 South area will continue to increase in value, as long as high quality amenities are being put into place. Our 20-year view of the region is one of continuing increase in property appreciation.
