Congratulations to Annette Montgomery, SVP at APG Advisors, on her successful seller representation in the sale of a key land assemblage in North Durham.
The 5-lot, 8-acre site at 313 Old Oxford Rd in Braggtown closed last week for $1.6 million. Just four miles north of Downtown Durham and steps from Business 501, this site will soon be home to 156 new affordable housing units.
Being developed by Brady Development of Georgia, the project includes 1-, 2-, and 3-bedroom homes ranging from 688–1,125 SF:
- 63% for residents earning up to 70% AMI
- 5% for residents earning up to 60% AMI
- 30% (48 units) reserved for residents earning 30% or less of AMI
Annette’s expertise in complex assemblages and her commitment to community-driven development helped bring this deal to a close — supporting Durham’s critical housing needs while creating value for her client.
Please join us in celebrating this milestone deal and the continued progress of affordable housing across our region.
More on Annette: https://www.apgcre.com/apg-team/annette-montgomery/
More on APG Advisors: https://www.apgcre.com
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