EXISTING CONDITIONS: HOUSING
Town of Wake Forest | HOUSING AFFORDABILITY PLAN
Housing Conditions
Multifamily Housing Multifamily rental housing built before 2000 has a more moderate price point, but the supply of this rental housing is limited. Below are three examples of existing multifamily developments that were built before 2000.
FIGURE 22: MULTIFAMILY DEVELOPMENTS IN WAKE FOREST BUILT BEFORE 2000
A
200 McDowell Dr "200 McDowell Dr" 111 Units Built in 1998
B
133 North Allen Rd "New Hope Village" 92 Units Built in 1974
C
1760 Pasture Walk Dr "Caveness Farms Apts" 288 Units Built in 1997
Source: CoStar
Below are four examples of upcoming multifamily developments.
FIGURE 23: UPCOMING MULTIFAMILY DEVELOPMENTS IN WAKE FOREST AS OF EARLY 2022
A
601 Gilcrest Farm Road "Hawthorne at Traditions" 272 Units (Proposed)
b
Heritage Lake Road "Legacy Heritage Apartments" 306 Units (Under Construction)
1891 S. Franklin Street "Greenway Village at Heritage" 182 Units (Proposed)
c
457 Stone Monument Drive "Palisades at Wake Forest" 188 Units (Under Construction)
d
Source: CoStar
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