The City of Raleigh and gave the $50 million Birch and Branch Apartment project at Middle Branch Road the green light at the end of October 2023.
Site Plan and notes of the Application filed with the City of Raleigh specify eight 3-story buildings with a mix of one-, two and three-bedroom units. The project is located at 3499 Middle Branch Road in Raleigh, NC. The developer is Oppidan Investment Company and the project manager is Noah Wagner.
Noah Wagner, Phone: 262-312-0216 / on application 919-741-5567 email: noah.wagner@oppidan.com
Noah is the lead developer for Oppidan’s affordable and workforce housing platform and manages all aspects of the development process from site selection to project stabilization.
“Oppidan is committed to delivering value in every community in which it develops, which is why affordable housing is a top priority for us in Raleigh.
Noah Wagner, said the estimated cost for the project will be $50 million. The project is provided through low-income housing tax credits from the North Carolina Housing Finance Agency and tax-exempt bonds from the Raleigh Housing Authority.
About the Birch and Branch Project – and Oppidan’s other Developments
The development includes a clubhouse, fitness room, business center, playground and picnic shelter on-site and 254 surface parking spaces.
The architect is Moore Hocutt out of Greensboro, NC.
Construction is expected to start within a few weeks and the completion is set for 2025. The permits do not list a general contractor at this time. Permit Link!
The Pines at Peach Road 4.48-acre Development
Next to “The Birch and Branch Apartments”, Oppidan is also developing a project called the Pines at the Peach Road. The Pines project consist of a 119-unit affordable housing complex.
This project on 505, 514,601 and 605 Peach Road is south of the Beltline. The apartment will have a mix of one-,two- and three-bedroom unites across five buildings. Raleigh-based Cline Design is the architect.
The general contractor on this project is KMW Builders. The site development is being done by Davidson Site Development.
About the developer:
Oppidan is a national development firm that focuses on development, capital markets and asset, property and construction project management. It has more than $4.3 billion in project value and has developed more than 565 projects in 40 states and Canada.
