SLI pays $9.1M+ for site that is part of mixed-use development The Reservoir
A Raleigh-based development company has paid more than $9.1 million for an Edgehill property on which it plans to break ground next summer on a residential building near the city’s old reservoir.
SLI Capital acquired the 2.5- acre property from Nashville-based Elmington Capital Group. SLI will team with Atlanta-based Regent Partners LLC on developing the site at
1201 Hillside Ave. Bryan Kane, SLI s managing partner, said the company also plans to purchase in early 2021 Elmington’s property at 809 Edgehill Ave., located across Hillside from the just-acquired site (seen in the upper left of the above image).