A joint venture has closed on the purchase of the Brookview Apartments, a community of 53 single-family houses and duplexes on the edge of downtown.
Community Properties and Robuck Homes acquired the 7.5-acre site near the Oakwood and Mordecai neighborhoods from Kip-Dell Homes for $6.6 million, according to Wake County property records. It was originally listed for $5.3 million.
Community Properties and Robuck plan to demolish the 71 Brookview units and build a community of new homes. Under the current zoning, the developers could build as many as 75 homes. In February, Jack Morisey, president of Community Properties, said the final number of units is likely to be closer to 60.
The deal is the latest in a series of residential infill projects being built near downtown Raleigh. KB Homes, for example, is building 39 single-family homes on a 10.77-acre site near the Brookview Apartments.
Brookview’s cluster of small rental homes along Virginia Avenue and Sasser Street was known as Tiny Town. They were built shortly after World War II.