Located in the attractive commuter community of Wake Forest, North Carolina, Holding Village is designed to capture the strong residential demand in Wake County. This master-planned community is fully entitled for 1,350 residential units on 257 acres. Varied housing options anticipated for the project will draw a broad range of residents looking for an established community with neighborhood amenities. The topographical characteristics of the area are greatly appealing, providing attractive views and view corridors. The property is within walking distance to historic downtown Wake Forest, and award-winning Wake County Schools, as well as several regional parks, public recreation areas, and greenways.The property is an infill location between Heritage, the leading community in the submarket, and historic Wake Forest. Heritage is a master-planned golf course community of approximately 3,000 units. However after 10 years, Heritage is nearly fully built-out, allowing Holding Village to capture future residential growth in the market. The area is a top submarket for both local and national homebuilders.
Holding Village is ideally positioned from a geographic standpoint and holds a strategic advantage as successful neighboring communities are winding down their sales. Coming at the heels of a successful and time-proven master-planned community (Heritage), Holding Village’s entitlements secure the future residential growth of Wake Forest. Holding Village has completed all necessary entitlements for development, with 340 multifamily units and 120 senior housing multifamily units available for sale.
S. Lake Ph. I: 121 Lots
Lake Ph. II: 127 Lots
S. Lake Ph. III: 122 Lots
N. Lake: 518 Lots
Multifamily: 340 Units
Holding Village is located on State Highway 98, just east of US Highway 1 in the center of Wake Forest, North Carolina—one of Raleigh-Durham’s fastest growing residential submarkets. Holding Village is well positioned in Wake Forest, a proven submarket in the Raleigh-Durham-Cary MSA. As the second fastest growing county in North Carolina, Wake County has experienced 63% population growth since 2000 and 14% from 2010. Its current population is in excess of 1,020,000 and is projected to grow another 2.5% by 2017. Buoyed by a steady job growth pattern and diverse economic base, the Raleigh area is poised for continued expansion in the foreseeable future. Wake Forest has over 400,000 housing units with a home-ownership rate of 62%.
The Raleigh-Durham-Cary triangle is home to leading technology companies, medical centers, and renowned universities like Duke, University of North Carolina, and North Carolina State University, and currently holds the 54th largest MSA in the United States. The site is 35 minutes from major employment centers in Raleigh and Durham, including the Research Triangle Park (RTP), Raleigh CBD, and Durham CBD, as well as Raleigh-Durham International Airport.