All posts by Shelby

Progress Report: The Missing Middle

The term “missing middle” refers to housing types between detached single-family homes and large apartment buildings. This includes duplexes, triplexes, townhouses, and small apartments.
Prior to the summer of 2021, these housing types were prohibited in many of Raleigh’s neighborhoods. Nearly four years after adopting Missing Middle housing policies that same year, Raleigh is seeing significant activity in this area of development.  While a single Hayes-Barton townhome project has dominated headlines, there are actually multiple small-scale developments underway across the city.

Current Development Activity

As of February 2025, Raleigh’s Missing Middle housing pipeline includes:
  • 52 Missing Middle subdivisions submitted for approval
  • 195 Accessory Dwelling Units (ADU) applications
  • 98 townhouse unit applications
Additionally, at least 10 proposed small-scale developments are currently under review within Raleigh’s Administrative Site Review portal. These projects are expected to add nearly 200 units on less than 10 acres within the city limits.

Examples of Ongoing Projects

601 Method Rd: A nine-unit small apartment building near Western Blvd BRT.
1613 Battery Dr: Fourteen new townhomes replacing one single-family home adjacent to Raleigh Blvd.
These developments showcase the city’s efforts to increase housing density while maintaining neighborhood character.

Challenges and Opposition

Despite progress, the Missing Middle policy continues to face challenges.
Legal Battles: The Raleigh Country Club recently petitioned to block a 16-unit townhome development near its golf course.
Ongoing Lawsuits: A judge ruled against a controversial 17-townhome development in the Hayes Barton neighborhood, highlighting the ongoing debate surrounding these projects.

Mixed Results

While the policy has increased housing diversity in some areas, its impact on affordability remains debated. Of the 2,800 new units built under the program, only 203 (less than 10%) are considered affordable.
As Raleigh continues to grow, the Missing Middle approach represents an ongoing experiment in urban housing policy, with both promising developments and persistent challenges. The city will need to monitor and potentially adjust its strategies to achieve the intended goals of increased housing supply and improved affordability.
York Properties broker, Judson McMillan represented the buyer in this commercial leasing transaction in Pinehurst.

CLOSED: 160 Turnberry Way

We’re excited to share that our client successfully acquired a fully leased light-medical office building in Pinehurst! This strategic investment promises stable income and long-term growth within a vibrant and growing community. A huge congratulations to our client on this excellent addition to their portfolio!

And a special shoutout to Judson McMillan for his exceptional work in representing the buyer throughout this transaction. His expertise, dedication, and market knowledge were instrumental in ensuring a seamless and successful closing. Judson’s commitment to client satisfaction is truly commendable.

We’re proud to play a role in connecting investors with quality opportunities in this dynamic region.

New sweetness opened at Stony Brook Shopping Center, leased by York Properties

Tepuy Donuts at Stony Brook

Quick tenant highlight this morning. We stopped by Tepuy Donuts at Stony Brook Shopping Center on our way to the office one morning last week. This excursion is HIGHLY recommended.

Besides a fantastic array of made-from-scratch sourdough doughnuts, Tepuy offers breakfast and lunch sandwiches.

You can order ahead online or pop by most anytime from 6:30am – 3pm. Closed on Wednesdays. Open at 7am on Sundays.

Located at 2820 Capital Boulevard, Raleigh.

Check them out sometime! You won’t be sorry.

 

Judson McMillan, York Properties, represented the buyer in this commercial leasing transaction in Raleigh.

CLOSED: 4600 Trademark Drive

Congratulations to our valued client who successfully acquired the property at 4600 Trademark Drive in Raleigh, NC. This rare single-tenant flex investment opportunity features an 8,737 SF industrial building on a 1.99-acre lot, built in 2023.

A big shoutout to Judson McMillan for his expert representation of our client throughout this transaction. This purchase aligns perfectly with the robust growth and opportunities in the Research Triangle Region, consistently ranked as one of the best places to live and work in the U.S.

Shelton Griffin: Chief Investment Officer

We are proud to announce that Shelton Griffin has been appointed Chief Investment Officer at York Properties!

Shelton has been a vital part of the York Properties team for over 20 years, having graduated from NC State University and held various roles within the company. His dedication and expertise, especially in collaboration with our former CIO, Hal Worth, have prepared him well for this new chapter.

 

Congratulations to Shelton on being appointed Chief Investment Officer.