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720 E Morehead St

Category Development Projects

Address

720 E Morehead St

Details

Inlivian recently acquired this property in a land swap with Atrium Health and is planning a mixed-income community with up to 390 residential units. Plans call for 20% of these units to be reserved for those making between 30% and 80% of the area median income (AMI), with at least 25% of income-restricted units (5% of total units) being "deeply affordable," intended for those making 30% of the AMI. Rent restrictions will remain in place for at least 30 years. The ground floor of the development will include up to 10,000 square feet of commercial space, which could include office, retail, restaurant, personal service, or entertainment uses.

DistrictMidtown
Square Footage: Retail10,000
Number of Apartments390
DeveloperInlivian