Developer Austin Lawrence Partners Expands its Bull City Presence with 27-Story Mixed Use Building
Austin Lawrence Partners, a locally based and nationally recognized private real estate development firm, is announcing plans for The Novus, a new luxury residential offering in downtown Durham’s Five Points district. Slated for completion in the fourth quarter of 2024, the 27-story high-rise will boast 54 for-sale condominiums and 188 rental apartments as well as ground-floor retail. With more than 40 percent of its condos already reserved at the time of the official, public announcement in late October 2021, The Novus is ushering a fresh paradigm of luxury living into the heart of one of the Southeast’s fastest growing metros.
The highly amenitized building will feature a 25-meter pool flanked by private cabanas, hot tubs, plunge pool, steam room and a massage room to create a luxury resort feel at home. The focus on wellness continues with an outdoor yoga area, a pickleball court, putting green and two golf simulators. The Novus will also offer an outdoor movie theater, a dog park with covered area, and 2,000 square feet of covered common area that transitions between indoor and outdoor communal spaces. The Novus will also include co-working space to include offices, conference and common area space. Condos range in pricing and feature elevated interior finishes including floor-to-ceiling windows, large private balconies, waterfall countertops, integrated cabinet front appliances and more.
The Novus will take shape at the highly coveted and walkable Five Points intersection, placing residents in the midst of popular dining, entertainment and retail options and within short driving distances of Duke University, Duke University Medical Center and Research Triangle Park. This distinctive and purposeful combination of features and location will afford Novus residents flexibility, accessibility, and time-saving convenience: true markers of luxury for urban dwellers balancing life and work today.
“We are deeply invested in the continued growth and development of Durham because we personally know what an incredible place to live, work and play it is,” said Greg and Jane Hills, ALP’s founders. “We are thrilled to share our vision for The Novus and bring this new luxury living concept to the area. We’re looking forward to continuing to engage with the community and showcase milestones along the way over the next few years.”
The Novus will be located just two blocks from One City Center, ALP’s first residential high rise in downtown Durham, and Unscripted Hotel Durham, the firm’s inspired renovation of one of the city’s most iconic buildings. The developers foresee the new project playing a key role in the continued activation of the Five Points district of downtown, spurring robust job creation and stimulating social activity and economic growth in the community.
ALP is collaborating with design partner LS3P Architects and construction partner Samet Corporation to build this landmark addition to the skyline of Durham, which was ranked as the No. 1 market for real estate investment in 2021 by the Urban Land Institute. The project will be constructed in two phases. Phase One encompasses the residential high-rise, with estimated completion by the end of 2024. Phase Two plans and completion dates will be announced in 2022.
Reservations for condominiums at The Novus are currently available and information on the apartment rentals will be available in the coming months. For further information or to make a reservation, visit http://www.thenovus.com.
About Austin Lawrence Partners
Austin Lawrence Partners (ALP) is a nationally recognized, privately owned real estate development firm with more than 35 years of experience in real estate acquisition, development, property management, asset management, research, interior design, marketing, and sales. With offices in both Durham, NC and Aspen, CO, ALP has developed a diverse portfolio of over 30 assets totaling over 3 million square feet, including more than 2,000 multi-family units, across the United States. While specializing in multi-family residential, ALP has experience in development across multiple asset classes including hospitality, single-family, office, retail, land development/subdivision, historic preservation, and mixed-use. For more information, please visit http://www.austinlawrencepartners.com.
About LS3P Architects
Founded in 1963, LS3P is an architecture, interiors, and planning firm with regional roots and national reach. Operating from its nine offices in Charleston, Columbia, Greenville, Myrtle Beach, Charlotte, Raleigh, Wilmington, Atlanta, and Savannah, LS3P is deeply committed to the communities in which it serves and has been honored with over 600 design awards in diverse practice areas. For more information on LS3P, visit ls3p.com.
About Samet Corporation
Samet Corporation is a commercial contractor and real estate development firm exceeding clients’ expectations across a broad range of markets since 1961. The company’s project portfolio includes numerous educational, industrial, office, healthcare, retail, multi-unit residential, and civic facilities. Recently ranked #31 on the Engineering News-Record Southeast Top Contractors list, Samet Corporation employs approximately 400 associates across six markets, including Greensboro, Charlotte, Raleigh, Charleston, Savannah, and Wilmington. To learn more, visit http://www.sametcorp.com.
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