Business

More apartments coming to Cary’s Weston area

More apartments are coming to one of the biggest job centers in Cary.

This week Raleigh-based Highwoods Properties sold an an 11-acre tract at the corner of Weston Parkway and Evans Road to Woodfield Investments for $4.2 million, according to property records.

Woodfield plans to build a 308-unit apartment complex on the site, said Mike Underwood, a partner with the company. Woodfield expects to receive site plan approval for the project in the next few weeks and start construction early next year.

Woodfield has had the property under contract for two and a half years, and successfully rezoned it in January. The site is across Weston Parkway from where Highwoods recently built a new 75,000-square-foot office building for Biologics, a privately held oncology services company.

It’s also just west of the campus Highwoods recently built for MetLife and near SAS’ corporate campus.

“You can throw a rock and hit about 4,000 jobs,” Underwood said of the location.

Highwoods owns 11 office buildings with more than 1.2 million square of space in Weston. Woodfield’s 11-acre tract is the fourth site Highwoods has sold to residential developers.

Woodfield has two other active development projects in the Triangle. The company recently broke ground on a 300-unit community in downtown Durham on the old Hendrick Automotive site directly southeast of the Durham Bulls Athletic Park.

The company also recently received approval to build apartments in a Whole Foods-anchored development being built at Interstate 540 and N.C. 55 in Cary.

David Bracken: 919-829-4548, @brackendavid

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