An affiliate of Blue Heron Asset Management has sold Foster on the Park, a 164-unit boutique mixed-use property in the Central Park district of downtown Durham, N.C., for a Raleigh-Durham record-setting price for $78.3 million. The property also includes 2,141 square feet of ground-floor retail leased to local bottle shop, The Glass Jug.
Foster on the Park boasts a 94 WalkScore, billed as a “Walker's Paradise,” where residents can easily walk to numerous restaurant options, shops and entertainment venues, including Durham’s Central Park, Durham Farmer’s Market and Durham Food Hall, as well as the soon-to-be Google-anchored Durham Innovation District.
