Hillsborough Street Roundabouts Word on the Street

An Alabama developer paid $6 million last week for three acres near N.C. State University, where it plans to build a private 10-story student apartment building and a parking deck.

The purchase by Capstone Development is the first sign of life on an $85million project that has been delayed by the credit crunch since being approved by the Raleigh City Council in October 2008…

NCSU officials have expressed support for the project, saying that it will be a key part of the revitalization of Hillsborough Street…

For the full article, go to: http://www.newsobserver.com/business/story/279806.html

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