[ad_1]
The Novus
DURHAM, NC (PRWEB)
05/11/2021
Austin Lawrence Partners, a locally based and nationally recognized private real estate development company, announces plans for The Novus, a new luxury residential property in the Five Points District of downtown Durham. The 27-story high-rise is expected to be completed in the fourth quarter of 2024 and will offer 54 condominiums for sale and 188 rental apartments and retail outlets on the ground floor. With more than 40 percent of the condominiums already reserved at the time of the official public announcement in late October 2021, The Novus is introducing a new paradigm of luxury living into the heart of one of the fastest growing subways in the Southeast.
The ultra-modernized building will have a 25-meter pool flanked by private cabanas, hot tubs, a plunge pool, steam room, and massage room to create a luxurious, resort-like feel at home. The wellness focus continues with an outdoor yoga area, a pickleball court, putting green and two golf simulators. The Novus will also offer an open-air cinema, a dog park with a covered area and a covered communal area of 2,000 square meters, which will transition between indoor and outdoor communal areas. The Novus will also include co-working spaces that include offices, conference and communal spaces. Condos vary in pricing and have raised interior features including floor-to-ceiling windows, large private balconies, waterfall countertops, built-in closet fronts, and more.
The Novus will take shape at the coveted and walkable Five Points intersection, placing residents in the midst of popular restaurants, entertainment and shopping opportunities and within a short drive of Duke University, Duke University Medical Center and Research Triangle Park. This distinctive and functional combination of features and location will offer the residents of Novus flexibility, accessibility and time-saving convenience: true luxury features for city dwellers who now harmonize life and work.
“We are heavily invested in the continued growth and development of Durham because we personally know what an incredible place to live, work and play,” said Greg and Jane Hills, founders of ALP. “We are very excited to share our vision for The Novus and to bring this new luxury living concept to the region. We look forward to continuing to contact the community over the next few years and presenting milestones along the way. ”
The Novus will be just two blocks from the One City Center, ALP’s first residential high-rise in downtown Durham, and the Unscripted Hotel Durham, the inspired renovation of one of the city’s most iconic buildings. Developers believe the new project will play a key role in continuing to activate the downtown Five Points district, fuel robust job creation, and stimulate social activity and economic growth in the community.
ALP is partnering with design partner LS3P Architects and construction partner Samet Corporation to build this striking addition to the Durham skyline, ranked the # 1 market for real estate investment by the Urban Land Institute in 2021. The project will be built in two phases. Phase one includes the residential high-rise, which is expected to be completed by the end of 2024. Phase two plans and completion dates will be announced in 2022.
Condominium reservations at The Novus are currently available and information about the rental apartments will be available in the coming months. For more information or to make a reservation, visit http://www.thenovus.com.
About Austin Lawrence Partners
Austin Lawrence Partners (ALP) is a nationally recognized privately held real estate development company with over 35 years of experience in property acquisitions, development, property management, asset management, research, interior design, marketing and sales. With offices in Durham, NC and Aspen, CO, ALP has developed a diverse portfolio of over 30 assets totaling over 3 million square feet, including more than 2,000 apartment buildings, in the United States. While ALP specializes in multi-family housing, ALP has experience developing across multiple asset classes including hospitality, single family homes, offices, retail, property development / division, historic preservation and mixed use. More information is available at http://www.austinlawrencepartners.com.
About LS3P Architects
LS3P was founded in 1963 and is an architecture, interior design and planning office with regional roots and a national reach. With nine offices in Charleston, Columbia, Greenville, Myrtle Beach, Charlotte, Raleigh, Wilmington, Atlanta and Savannah, LS3P is deeply committed to the communities in which it operates and has won over 600 design awards in a variety of fields. For more information on LS3P, please visit ls3p.com.
About Samet Corporation
Samet Corporation is a commercial construction and real estate development company that has been exceeding customer expectations in a variety of markets since 1961. The company’s project portfolio includes numerous educational, industrial, office, healthcare, retail, multi-family residential and public facilities. Samet Corporation, recently ranked 31st on the engineering news record’s list of leading construction companies in the Southeast, employs approximately 400 people in six markets including Greensboro, Charlotte, Raleigh, Charleston, Savannah and Wilmington. To learn more, visit http://www.sametcorp.com.
###
Share articles on social media or via email:
[ad_2]
https://www.prweb.com/releases/new_high_rise_development_the_novus_to_bring_luxury_living_to_downtown_durham/prweb18311247.htm
