RALEIGH, January 6, 2022 – JLL Capital Markets Announced the Closing of the $ 10.35 Million Sale of The LongView, an approximately 0.95 acre high density multi-unit real estate development located at 220 E. Morgan Street in Raleigh, NC North.
JLL represented the vendor, an individual.
The site offers on-site zoning which allows for a high density development of 30 stories. The LongView is intended to be a high rise multi-unit community with stunning views of downtown Raleigh.
Located at 220 E. Morgan St., The LongView offers proximity to historic sites, unique regional views, and convenient downtown access. The property is strategically positioned in the Moore Square neighborhood of Raleigh, which offers connectivity between the Capitol Square neighborhood and the historic, tree-lined Oakwood residential area. The property allows pedestrian access to downtown Raleigh destinations, and residents will also have access to several entertainment options within Moore Square, including 2,400 square feet of event space, 40,000 square feet of greenery, 5 500 square feet for a children’s play area and 1000 square feet of dining options.
The JLL Capital Markets team representing the seller was led by Director Sarah Godwin.
“Downtown Raleigh is enjoying a unique moment of new development today, and The LongView will be a vital part, bringing much-needed residential growth to the area,” said Godwin.
JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupiers. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients – whether it is investment and sales advice, debt advice, equity advice or recapitalization. The company has more than 3,000 capital markets specialists around the world with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit our writing.