505 W. Chapel Hill St.
- 4-acre parcel owned by the City of Durham
- Originally built in the 1950s as offices for Home Security Life Insurance Company and most recently occupied by DPD, the building became vacant in late 2019
- City Council selected Florida-headquartered The Peebles Corp in late August for a nearly $300 million redevelopment of the building, which is slated to include: 354 residential units (92 permanently affordable as 60% of the area median income and below) and 26 condos for sale; 250,000 square feet of labs and retail space, including a grocery anchor tenant; 791 parking spots; a centrally located plaza among the three buildings, which will be connected by walkways and feature public art.
- It's yet to be determined if the historic building will be preserved and renovated into a 100-room hotel or replaced with a cultural center and museum.
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