The joint venture between Origin Investments, Spandrel Development Partners, and Capital City Urban Development has completed the first phase of the 288-unit Mira Raleigh, a $87.4 million multifamily development at 121 Kindley Street on the southern edge of Raleigh’s Central Business District.
“Mira Raleigh adds a luxury, mid-rise residential community to a market soon-to-be dominated by high-rise projects built with higher cost structures,” says Chris Neumann, Vice President of Origin Investments. “In this high growth area, the development is well positioned to offer an uncompromising lifestyle experience at a more cost-efficient price point, where the best of the city is at your doorstep.”
Among the community amenities are a hospitality-inspired lobby/lounge, a makers’ space with complimentary supplies and equipment, a club room with a chef’s kitchen and bar area, a multisport simulator, a sky lounge speakeasy with unobstructed skyline views, and a commercial-grade co-working facility. The apartment units are located on the upper five floors of the development. The remaining two floors house the development’s approximately 300 reserved parking spaces with EV charging stations in select spots.
On the interior, Mira Raleigh features up to 12′ ceilings, floor-to-ceiling windows, and expansive terraces. Additional unit finishes include various “smart” technology features, quartz countertops, premium stainless-steel appliances, double vanities, garden tubs, premium lighting and fixture packages, expansive closets, and custom desk nooks.
“We are excited to complete this pivotal phase of construction and see residents moving into the community,” said Ian Levine, Principal and Co-founder of Spandrel Development Partners. “With a unique design, full range of amenities, and walkable location, Mira Raleigh is a must-see for residents looking to connect their living space with the vibrant downtown business district.”
The development is located in proximity to Raleigh’s Fayetteville Street Corridor, the Triangle’s most dense urban employment hub, the city’s Warehouse District and the rapidly expanding Downtown South submarket. The area is surrounded by important future demand drivers, including employment hubs, retail, restaurant and entertainment properties and a variety of neighborhood amenities.
