Developer Authorized to Build Multistory Apartment Building in Downtown Chapel Hill

On Monday night, The Chapel Hill Town Council authorized a developer to build a multistory apartment building just west of UNC’s campus.

This gives the developer, Wintergreen Hospitality, the go-ahead to erect a 120,000 square foot building. This building called “The Graduate” will have about 100 apartments – a mix of one-bedroom and two-bedroom rentals – with 138 parking spaces.

Wintergreen Hospitality says the rentals will serve professionals and graduate students. The developer estimates the monthly rate for a one-bedroom unit at $1,200.

Residents expressed concerns at the previous town council discussion in late September, including the concern that the apartments would be too expensive for graduate students. No residents made public comments about the development at Monday’s meeting.

Wintergreen Hospitality, which also owns and operates the nearby Franklin Hotel, will offer 15 percent of these units at reduced rates to individuals or families making less than 75 percent of the area median income. The developer estimates a one-bedroom unit at $690 per month for one person making less than 60 percent of the area median income. Students will only be considered for these designated units if there are no permanent, working residents who are interested in renting. These students still have to meet the criteria for affordability to rent the designated units.

The council also authorized two other construction projects at Monday’s meeting, the New Life Fellowship Church on Sage road and The Courtyards of Homestead development on Homestead Road.

Developer Authorized to Build Multistory Apartment Building in Downtown Chapel Hill

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