{"id":1865,"date":"2021-07-09T09:22:18","date_gmt":"2021-07-09T13:22:18","guid":{"rendered":"https:\/\/www.lee-associates.com\/raleigh\/?p=1865"},"modified":"2021-07-09T09:52:47","modified_gmt":"2021-07-09T13:52:47","slug":"texas-developer-buys-defunct-chapel-hill-hotel-for-major-redevelopment","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/raleigh\/2021\/07\/09\/texas-developer-buys-defunct-chapel-hill-hotel-for-major-redevelopment\/","title":{"rendered":"Texas developer buys defunct Chapel Hill hotel for major redevelopment"},"content":{"rendered":"

\"\"<\/p>\n

By Caleb Harshberger \u2013 Staff Writer, Triangle Business Journal
\nJuly 8, 2021<\/p>\n

Last year, plans for a massive redevelopment of the University Inn in Chapel Hill fell into doubt after the developers pulled out of the project amid the pandemic. Now a new group has stepped up to claim the site and this week closed on the land.<\/p>\n

Houston developer The Dinerstein Companies is making its entrance into North Carolina with the $10.6 million acquisition of the University Hill inn, with plans for a massive mixed-use development on the site.<\/p>\n

The property is situated on 3.9 acres at 1301 Fordham Blvd.<\/p>\n

Built in 1967, the property currently features a defunct hotel that is falling into disrepair. The hotel served guests for decades before abruptly closing in 2019 after a lengthy legal battle between the landowner and the operators of the inn.<\/p>\n

Russell Stewart, Karah McConnell and Moss Withers of Lee & Associates<\/a> represented the sellers.<\/p>\n

READ MORE ><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Caleb Harshberger \u2013 Staff Writer, Triangle Business Journal July 8, 2021 Last year, plans for a massive redevelopment of the University Inn in Chapel Hill fell into doubt after the developers pulled out of the project amid the pandemic. Now a new group has stepped up to claim the site and this week closed on the land. Houston developer The Dinerstein Companies is making its entrance into North Carolina with the $10.6 million acquisition…<\/p>\n","protected":false},"author":85,"featured_media":1872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"\nTexas developer buys defunct Chapel Hill hotel for major redevelopment - Lee & Associates | Raleigh Durham<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/raleigh\/2021\/07\/09\/texas-developer-buys-defunct-chapel-hill-hotel-for-major-redevelopment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas developer buys defunct Chapel Hill hotel for major redevelopment\" \/>\n<meta property=\"og:description\" content=\"By Caleb Harshberger \u2013 Staff Writer, Triangle Business Journal July 8, 2021 Last year, plans for a massive redevelopment of the University Inn in Chapel Hill fell into doubt after the developers pulled out of the project amid the pandemic. 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