Bull House, Durham, NC June 04, 2018
Dallas-based Lantower Residential announces the acquisition of Bull House, a 305-unit midrise community in downtown Durham, North Carolina. BullHouse, built in 2018, earned a "Very Walkable" rating from Walk Score due to its excellent walkability to desirable downtown Durham destinations. Interior amenities include electronic entry locks, 10' - 12' ceilings, premium G.E. stainless steel appliances, designer kitchen cabinets with white quartz countertops, USB outlets, and floor-to-ceiling windows in select units. Residents enjoy topof-the-line community amenities including a heated salt water pool, sky terrace overlooking downtown, fitness center with separate yoga and massage rooms, car charging stations, Amazon Hub package system, dog spa, and an expansive clubhouse with entertaining space.
Located at 504 E Pettigrew Street, the property is within 10 minutes of Research Triangle Park and is a quick commute to Duke University & Hospital. Bull House's immediate neighborhood has become a culinary and entertainment hotspot, offering residents a walkable lifestyle desired by downtown Durham's affluent and highly-educated resident profile. Walkable destinations include Ponysauraus Brewery, American Tobacco Campus, Durham Bulls Stadium, and Durham Performing Center.
"We selected Bull House due to its institutional-grade construction and its location in one of the fastest growing submarkets in the Raleigh-Durham MSA. Walkability to prominent destinations and prime connectivity to Durham's most esteemed employers make Bull House an exciting acquisition for Lantower. We look forward to expanding our footprint in North Carolina with more acquisition activity in the near future." Lantower Residential COO Philippe Lapointe said in prepared remarks.
With the acquisition of Bull House, Lantower Residential's portfolio consists of 18 multifamily properties with 5,938 residential units.