Foundry Commercial Facilitates Land Transaction for Major Durham Mixed-Use Community
Foundry Commercial’s Land Advisory Group in Raleigh is proud to announce its representation of SpaceCraft in the acquisition and rezoning of a 95-acre tract in Durham, North Carolina. Approved unanimously by Durham City Council in January, the rezoning paves the way for Brickworks, a thoughtfully designed, mixed-use community that will include up to 1,880 residential units and 49,500 square feet of commercial space.
SpaceCraft, a Charlotte-based developer, selected Durham for its debut in the Triangle, citing the city’s forward-thinking growth and vibrant cultural momentum. Brickworks is envisioned as a walkable, sustainably focused community that blends residential, retail, and natural preservation. Construction is expected to unfold over a five-year period.
The development will include a mix of rental apartments and townhomes, with some townhomes available for purchase. Homes will range from studio units to three-bedroom layouts. As part of its commitment to inclusive housing, SpaceCraft will designate 5% of the residences for individuals and families earning 60% or less of the area’s median income, with affordability secured for 30 years.
“Representing SpaceCraft in this transformational east Durham project has been a privilege, helping fill a unique void in the residential market,” said Karl Hudson IV, CCIM, Partner at Foundry Commercial. “Their dedication to building neighborhoods that prioritize walkability, sustainability, and exceptional resident experiences is a strong match for the evolving vision of Durham’s future.”
The first phase of Brickworks will introduce apartments, townhomes, and locally focused retail – particularly food and beverage concepts. Public spaces will feature sports fields, biking and walking trails, and preserved woodlands and wetlands, with only one-third of the site slated for development. In recognition of the importance of investing in the community, SpaceCraft is donating $120,000 to Durham Public Schools to support local students and educators.
For inquiries regarding additional land development opportunities across the Carolinas, contact Sarah Godwin at sarah.godwin@foundrycommercial.com, Karl Hudson at karl.hudson@foundrycommercial.com or Patrick Stevens at patrick.stevens@foundrycommercial.com.
About Foundry Commercial
Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by more than 4,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and over 4,590 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry’s development and investment platform is fully integrated with its services business and is currently invested in over $4.8 billion in joint ventures with many of the best-known institutional investors in the country. For more information, visit www.foundrycommercial.com.
