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SkyHouse Raleigh

Raleigh Highrise Hits the Market

World Wide Group is selling SkyHouse Raleigh, an apartment building across from Moore Square. The Triangle Business Journal reports World Wide Group bought the 23-story tower in 2016 for $103 million.

James Dorsett, Jeff Glenn, Andrea Howard, John Currin and Austin Jackson of Northmarq Carolinas are representing the seller in the listing.

The 320-unit building is 94% occupied the broker firm representing the seller. SkyHouse has studios, one-, two- and three-bedroom units. Rental rates start at $1,257 and go up to $2,354. Unit sizes range from 546 to 1,508 square feet.

Situated on 0.68 acres at 308 S. Blount St., the tower is marketed as an opportunity to own a high-rise residential building in Downtown Raleigh at a 60% discount off replacement cost. Amenities are on the 23rd floor and include a club room with a billiards table, fireplace, and televisions; fitness center; heated swimming pool; terrace; fire pit; grilling stations; and pet spa.

Skyhouse Raleigh opened in 2015.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.