Kane Realty to build new apartment building in Raleigh

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Kane Realty Corp. has secured a $16.9 million preferred equity investment from Canyon Partners Real Estate to finance the construction of a six-story, 326-unit apartment building in Raleigh’s North Hills.

The project, Vine North Hills, is located on a 4-acre parcel on St. Albans Drive. It is the first phase of the 33-acre multi-phased North Hills East Expansion.

Vine North Hills will include a mix of studios, one-, two- and three-bedroom units with amenities including quartz countertops, large kitchen islands, stainless steel appliances, in-unit front-loading washers and dryers, frameless glass walk-in showers and garden tubs, and balconies.

The project will also include a clubhouse, lounge and game rooms, an indoor/outdoor two-story fitness center, saltwater pool, courtyard with a lawn area, dog washing facility, a bike center, package locker system and storage units.

A construction timeline was not disclosed.

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