Monday, December 21, 2015 06:00 AM

NEW MULTI-FAMILY HOUSING IN CARY COULD ATTRACT MILLENNIALS

Cary could attract more millennials in the coming years as a new housing development in northwest Cary targeting that demographic moves forward.

The Cary Town Council unanimously approved on Tuesday, Dec. 8, the development plan for Alston Village – a 493 multi-family residential development north of Panther Creek High School and southwest of Alston Town Center, which is under construction.

Cary Creek Limited Partnership of Charlotte is seeking to build 238 manor apartments, 206 garden apartments and 49 subdivided townhomes on 39 acres. The complex, which would include one-, two- and three-bedroom units, would feature amenities such as a bike repair center, fitness center, lap pools and more.

Millennials, the last generation born in the 20th century, typically includes those born between the late 1970s and early 2000s. Jason Barron, a lawyer with Morningstar Law Group, said the complex would target this group, as well as empty nesters, or parents whose children have left home after high school.

“The people who are moving into these types of residential communities ... they are not large families,” Barron said. “They are empty nesters. They are millennials. They are young professionals who are living by themselves that are looking for nicer finishes and have ...

News source: http://www.newsobserver.com/news/local/community/cary-news/article50458625.html

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