Camden Property Trust is taking over a shovel-ready, 400-unit apartment community planned for Hopson Road in southwest Durham, stepping in after High Street Residential finished securing the entitlements. The garden-style project will cover roughly 17 acres near Keystone Park Drive and is expected to break ground this summer. The plan includes a modest set-aside of income-restricted apartments, plus a package of road and trail upgrades tied to the rezoning.
Who’s building and why it changed hands
High Street Residential, the multifamily arm of Trammell Crow Company, says it will partner with Camden Property Trust to advance the Hopson Road community, handing off the development once entitlements were in place, according to Trammell Crow Company. In the announcement, Josh Dix pointed to Camden’s long-term ownership strategy as a strong fit to take the project forward, while Camden executive Will Smith said the firm looks forward to delivering and owning a high-quality apartment community.
Rezoning, site details and affordability commitments
City records show the site spans 17.266 acres and has been rezoned to allow up to 400 apartments, with at least 3.5% of the units required to be income-restricted at 60% of area median income for a 10-year period. The official zoning report also caps building height at 60 feet, commits to new sidewalks and a 10-foot shared-use path along Hopson Road, and notes that the Utility Development Statement is still in progress, according to City of Durham.
Where this fits in the Triangle market
Camden already runs several large Triangle communities, including a 420-unit property in downtown Durham and a 369-unit development in Raleigh, and lease-up at recent projects has been solid, signaling that institutional capital is easing back into the submarket. As reported by the Raleigh News & Observer, rents at new developments across the region vary widely, while major Triangle employers continue to anchor steady demand from renters.
Infrastructure and neighborhood concerns
Not every corner of Durham has the same capacity to absorb new housing. WRAL Investigates reported this winter that sewer-capacity constraints in parts of East Durham have put roughly 700 housing units on hold and pushed the city to speed up plans for system upgrades, according to WRAL. The Hopson Road zoning file also notes that a Utility Development Statement is listed as "in progress," meaning the project’s construction schedule will depend on final utility approvals, per WRAL.
Next steps and timeline
Camden and High Street say they expect to move the Hopson Road project into construction later this summer, with more specifics on unit mix, amenities and phasing to come as plans are locked in. "Additional project details will be shared as the development advances toward construction," the company said in its announcement, according to Trammell Crow Company.
