Prestwick Place - Chapel Hill, NC
Goal
Maximize the value of an undeveloped property situated in a one-of-a kind niche location near Finley Golf Course. Create a sound joint venture investment.
Morris Commercial Approach
- Design and build a 23,000 sf Class A office condominium building to fit naturally into the appealing landscape of the golf and University environment.
- Attract a group of local buyer/users with a particular interest in this unique location.
- Serve as co-owner, developer and sales agent. Currently serve as investor and property manager.
The Result
A handsome professional office building that was “sold out” by the completion date. Overall, a wise development decision and a highly successful investment.
