Origin, Spandrel to Develop Raleigh Project
A joint venture of Origin Investments and Spandrel Development Partners is developing a residential project in the Southeastern U.S. The partnership will develop the $87.4 million Mira Raleigh property, a 288-unit community in Raleigh, N.C., that’s set to be completed next year.
The JV has already started construction on Mira Raleigh, with the property’s leasing office and first floor scheduled to be completed in early 2024.
Mira Raleigh represents the first phase of the larger City Gateway mixed-use project which will include Class A office space, retail facilities and urban green space.
The joint venture tapped Humphreys and Partners Architects as the project’s architect, while Clancy & Theys Construction and Metcon Construction will serve as the general contractors. Origin and Spandrel also selected Builder’s Design as the interior designer and Urban Design Partners as the civil engineer. Citizens Bank is providing construction debt.