140 West Building Goes Up

Posted by & filed under Uncategorized.

via Chapel Hill News

CHAPEL HILL – Downtown Chapel Hill’s second biggest condominium project got under way last January after more than a decade of planning.

The $55 million 140 West development will have 140 condominiums, shops, a public plaza and an underground garage at the intersections of Franklin, Church and Rosemary streets. The building will stand four stories tall along Franklin Street; it will “step back” to eight stories tall at the center.

The town is paying the developer, RAM Development Co., $7.245 million using tax-exempt borrowing for underground public parking spaces, $45,000 per parking space, after construction.

Construction on the project will take at least one more year.

Leave a Reply

  • (will not be published)