Property Portfolio

Oakridge Durham Chapel Hill NC

4852 Durham Chapel Hill Blvd

Durham, NC, 27707

Built: Under Development

Size: 108 Acres

Zoned Design District Compact Neighborhood allowing for thousands of apartments and millions of square feet of commercial and office space. This future mixed use village is strategically located at 15-501 and I-40 with unrivalled visibility and access.

Oakridge’s central location between Chapel Hill and Durham uniquely positions residents to the region’s highest paying and fastest growing employment sectors - healthcare, education and high-tech research and development. The property benefits from affluent surrounding demographics with an average household income of $102,960 within a three-mile radius of the site. The University of North Carolina at Chapel Hill and Duke University & Health System, both located 15 minutes from Oakridge, boast a combined 48,000 employees and nearly 44,000 students. Research Triangle Park, located 15 minutes away, is home to 55,000 employees and over 200 companies. Oakridge sits along Durham-Chapel Hill Boulevard, just off I-40 giving residents easy access to all of the area’s demand drivers including 20 minutes to Raleigh-Durham International Airport (RDU). Additionally, residents can access Downtown Durham’s transformed CBD in less than 15 minutes.

150 Wellesley Trade Lane Cary

150 Wellesley Trade Lane

Cary, NC 27519

Built: Under Development

Size: 2 acres

150 Wellesley is a two-story office and retail building at the corner of NC Highway 55 and Green Level/High House Road in Cary, less than 1 mile from Interstate 540. Completed 2021. Select spaces available for sale/lease.

150 Wellesley Trade Lane Cary Brochure

201 N Greensboro St, Carrboro

201 N Greensboro St

Carrboro, NC, 27510

Built: In review for Conditional Use Permit. Retail/Restaurant: 5,395 sf (Floor 1), Office: 10,790 sf (Floors 2 & 3)

​Proposed Retail and Office Space

201 N Greensboro St, Carrboro Brochure

Farrington at 54

,

Built: Under Development

Under development are 332 units on 8 acres: 250 market rate/82 affordable. BPG assembled the project and rezoned with a development agreement to provide 82 affordable units and 250 market rate units, with the affordable land donated to a non-profit affiliate of Laurel St Residential, and the market rate land sold to Trinsic Residential Group of Texas.

Mt Moriah Multifamily

Mt Moriah Road

Durham, NC, 27707

Built: Under Development

Size: 11 acres

BPG was the land developer, assembling nearly 11 acres and securing appropriate zoning and utility capacity for this multifamily project prior to selling the land to Woodfield Investments. The project comprises of 264 garden style units.

Witherspoon Phase II

3330 Watlkins Road

Durham, NC 27707

Built: Under Development

Size: 4 Acres

The former Witherspoon Rose Garden property, located in the center of the well-established Patterson Place retail center, has been zoned Compact Neighborhood Design District, entitled for multifamily, office, hotel, retail, or other commercial development. The eastern half of the property was recently sold to S&R Partners, with plans for a wrap-style 299-unit luxury apartment project.

Overture Farrington Road Multifamily

5910 Farrington Road

Chapel Hill, NC, 27517

Built: 2019

Size: 4 acres

In coordination with Wood Partners, Beacon rezoned this tract of land by combining it with their office project directly south, creating a mixed use project that was allowed much higher residential density. The creative entitlement strategy resulted in two residential communities that represent the go-to multifamily concepts of the region, including this project of 184 Units of Active Adult Living for the 55+ community developed by Greystar. These communities have also committed to making some of the first contributions to affordable housing in the city.

Witherspoon Phase I

3312 Watlkind Road

Durham, NC 27707

Built: 2020

Size: 4 Acres

The former Witherspoon Rose Garden property, located in the center of the well-established Patterson Place retail center, has been entitled for a high-density mixture of multifamily, retail, and commercial development. The western four acres were recently sold to Crowne Partners, with plans for a wrap-style 295-unit luxury apartment project.

Alta Blu Farrington Road Multifamily

5840 Farrington Road

Chapel Hill, NC 27517

Built: 2014-2018

Size: 11 Acres

In coordination with Wood Partners, Beacon rezoned this tract of land by combining it with their office project directly south, creating a mixed use project that was allowed much higher residential density. The creative entitlement strategy resulted in two residential communities that represent the go-to multifamily concepts of the region, including this “high-density surface-parked,” project of 298 units by Wood Partners. These communities have also committed to making some of the first contributions to affordable housing in the city.

Carolina Crossing

2214, 2218, 2226, 2234 Nelson Hwy

Chapel Hill, NC, 27517

Built: 1996 - 2012

Size: 62,500

Carolina Crossing was formerly a well-known local seafood restaurant bought out of bankruptcy and converted into eclectic office and retail units, making use of the property’s expansive parking lot to ultimately add 3 more buildings as old and new tenants needed more space. Eventually UNC Healthcare occupied all 4 buildings and wanted more square footage leading to a re-development of the original main building, tripling its size.

Carolina Crossing II

5936 Farrington Road

Chapel Hill, NC 27517

Built: 2011-2018

Size: 168,000

Carolina Crossing II is a six-story office complex with structured parking designed to allow for the expansion of Carolina Crossing directly to the south. It was fully entitled and recently sold to a group of investors.

Carolina Pointe II

6011, 6013, 6015 Farrington Road

Chapel Hill, NC 27517

Built: 2008

Size: 68,000

Carolina Pointe II was born out of UNC Healthcare’s tremendous success at Beacon’s developments on the north side of the NC54 and Farrington Road intersection, Carolina Pointe I and Carolina Crossing. The buildings house numerous outpatient clinics, and patients consistently report high satisfaction with the facilities and care at these off-campus locations.

Carolina Pointe I

5925, 5821, 5915 Farrington Road

Chapel Hill, NC, 27517

Built: 2001

Size: 50,000

Carolina Pointe I sits on what was formerly thought of as green space or buffer between Farrington Road and I-40, but with creative site planning and smart architectural design, it has become a very recognizable gateway into Chapel Hill on NC Highway 54. Its marquee tenants, including a community bank and New England-style restaurant, have become iconic staples of Chapel Hill.

Governors Village

50100 - 50170 Governors Drive

Chapel Hill, NC 27517

Built: 2005

Size: 12,300

Governors Village is a neighborhood retail center with a vibrant tenant mix including upscale restaurants, a dance studio, veterinary clinic, and dentist, serving the gated golf course community of Governors Club and surrounding subdivisions. It has been fully leased since its development, and a few long-standing business owners have purchased their condo units in recent years thanks to their great success. This was Beacon’s first project in Chatham County.

UNC Burn Reconstruction & Aesthetic Center

151 Old University Station Road

Chapel Hill, NC, 27514

Built: 2012

Size: 7,800

The UNC Aesthetic Center in North Chapel Hill was made possible by a creative construction and financing structure designed around the budget needs of various departments within the UNC Healthcare System.

Caribou Coffee

1408 E Franklin Street

Chapel Hill, NC 27514

Built: 2001

Size: 2650

Beacon repurposed this former bank building into a bustling meeting and study spot with a long-term lease by a national restauranteur who wanted to open their second Chapel Hill location. This off-campus coffee shop has ultimately become the chain's only Chapel Hill location, thanks to its superior location, access, and parking. 

EmergeOrtho (Triangle Orthopaedics)

100 Perkins Drive

Chapel Hill, NC 27517

Built: 2009

Size: 9,800

EmergeOrtho's North Chapel Hill facility was a build-to-suit building within a five-lot project that successfully challenged a local moratorium on development through the court system and state legislature.

University Commons

3709 - 3712 University Drive

Durham, NC, 27707

Built: 1992

Size: 70,000

University Commons is an office condominium complex in the South Square area of Durham. Though the economy was on shaky footings at the time, the developers were able to sell or lease every unit in this bustling submarket, making it one of the first successful office condominium projects in the area.