Hillsborough Street sees multi-million dollar investments

Stanhope student apartments are scheduled to finish construction in early August, bringing more than 800 beds and 25,000 sq. ft. of retail space to Hillsborough Street.

Stanhope is located at 3001 Hillsborough Street, across from Cup-A-Joe and expected to have primarily NC State undergraduates as residents.

John Kane, the developer of Stanhope, is also the developer and owner of North Hills, an upscale outdoor shopping mall. Because of Kanes reputation and success with North Hills, there is much anticipation for the opening of Stanhope.

Kane Realty is offering students and faculty from the College of Design the opportunity to submit artwork, wall installations and sculptures for Stanhope. If selected, the creations will be permanent to the building. The deadline for submitting artwork is the end of March, and the winner will be chosen in April.

Jeff Murison, executive director of Live it Up! on Hillsborough, a community service corporation that advocates for the revitalization along Hillsborough Street, said [Stanhope] is going to be a fantastic building, will hold a little over 800 beds, great amenities like a cyber caf and infinity salt-water pool.

Elyse Pizzella, a junior studying chemical engineering, will live in Stanhope apartments next semester.

Its a little pricey in comparison to other options off-campus, she said. There are other apartments and houses off Gorman and Tryon that arent as expensive, but I think for the location and price it will be worth it.

The two-bedroom rate at Stanhope is $805, while Valentine Commonss two-bedroom rate is $750, and College Inns is $765.

In addition to the residents, Stanhope will bring a commercial space below the complex.

I am extremely confident we are going to see whether its a cool new restaurant, bar and nightlife, some great new retail. The mix of businesses are going to be a great attraction to students, said Murison.

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Hillsborough Street sees multi-million dollar investments