Engquist-Level Development and Commercial Properties Realty Trust, both of Baton Rouge, are working together to develop a traditional neighborhood community in Raleigh, N.C.
Engquist-Level, a real estate investment and development company, bought the residential tract of 5401 North in Raleigh.
The company said it will assemble a coalition of builders on the project. Those builders include Level Homes, which entered the Raleigh market earlier this year in Apex, Cary, and Durham communities. On-site infrastructure work at 5401 North will begin soon, with the first homes scheduled to begin construction in the summer.
Engquist-Level President John Engquist said the company is happy about developing the residential tracts along with other builders and Commercial Properties Realty Trust.
Commercial Properties Realty Trust is a real estate investment trust that manages and develops property holdings of the Baton Rouge Area Foundation.