Atlas Stark Greenlighted for 1,000+ Raleigh Apartment Units

The Raleigh City Council recently approved a zoning request that will allow developer Atlas Stark to build a 20-story residential, mixed-use project. The assembled parcel will be situated along Computer Drive just inside the Beltline.

While the developer has not revealed the number of housing units the project will include, it will likely be over 1,000, with 10% set aside as affordable units.

The Triangle Business Journal reports other conditions include prohibiting certain uses, limiting office space to 500,000 square feet, and limiting retail space to 150,000 square feet.

The 17.89-acre property starting at 3808 Six Forks Road and Computer Drive was zoned for up to 3 stories and includes a State Employees’ Credit Union branch and office building. It’s not known yet if the credit union will participate in the venture.

Atlas Stark says it is a relationship-driven full-service commercial development, leasing, and management company with expertise in all aspects of asset and portfolio acquisition/repositioning; ground-up development; adaptive reuse; leasing and asset management.