More living space is on the horizon for the Durham Central Park district, a condominium project at Foster and Corporation streets, adjoining the park itself.
Called “539 Foster,” the condominiums would stand across Foster Street from the 246-apartment Liberty Warehouse project currently under construction, and within three blocks of the 24-unit Central Park Cohousing condominiums and the Parkside condominiums planned at Morris Ridge on Morris Street.
According to the project’s website, nando.com/1ce, 539 Foster will have 92 condominium units, “starting in the mid-$200,000s,” with private balconies and hardwood floors, plus six “three-story terrace homes,” on six floors above a two-level parking garage.
Durham Central Park president Morgan Haynes said the park board has been in “close communication” with developer BH-AG Durham Foster LLC of Chapel Hill, and the board thinks the project “will improve the park space.”
Never miss a local story.
The developer bought three lots, covering 0.9 acre, at the Foster-Corporation corner from former owner Denny Clark on June 1, paying $1.65 million according to Durham County deeds. The current tax value is $542,899, including the 10,000-square foot Muze Building.
Durham Foster has also negotiated to buy several easements on city-owned park property, totaling 9,906.9 square feet, for $41,788,76.
That money would go to the city parks and recreation department for use at Durham Central Park, said Councilwoman Diane Catotti, a member of the park board.
Durham Foster LLC also intends to close the stub of Roney Street and convert it into a pedestrian greenway. Most of Roney Street was closed when the park was developed, but the stub was left for access to Farmers’ Market Pavilion which landscape architect Dan Jewell said would be retained after conversion.
The easement sale is scheduled for approval at the City Council’s June 15 meeting, though some council members had raised concerns during a work session last week.
“It’s a neat project for Durham Central Park,” said Councilman Don Moffitt, but he wanted assurance that 539 Foster’s security staff understand “what they can and can’t do, where they can and can’t do it.
“I want to be really sensitive to the fact that this is right on the park,” Moffitt said.
Councilman Steve Schewel said the city “should be thinking about this as an opportunity for supporting affordable housing.
“I think it’s going to be a great development,” Schewel said, “but once again there’s no affordable housing in this development. Right downtown ... very expensive as the market will bear.
“In a case ... where we don’t have much low-income housing, we ought to be thinking about trying to negotiate for that,” he said.