For the first time (that we have seen in public listings, anyway) since the recent Triangle-and-vicinity upzoning/rezoning was finalized by the City Council, one of the upzoned lots has been put up for sale. It’s a 11,500-square-foot site on the east edge of The Junction at 4731 40th SW (map), south of Bank of America. County records say it is owned by the Andresen family; the listing says it is offered for $1.6 million. Here’s the flyer; it notes that the property was rezoned to NC3-85 (the latter is the maximum height) in December, 20 feet higher than previously allowed, and the listing says, “New zoning will allow density of plus or minus 70 units with views from upper floors.”
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