News Summary
Rolesville, North Carolina sees significant real estate activity as Prudent Growth Partners sells the Rolesville Town Center for $4.5 million. The center, featuring local tenants, underscores a growth in property values since its previous sale. Additionally, the upcoming Cobblestone Village aims to offer residential and commercial spaces, including unique dining options and boutique retail. This investment reflects ongoing efforts to enhance the community’s economic landscape and improve local amenities.
Rolesville, North Carolina – Major Real Estate Transactions and New Development Projects Announced
Prudent Growth Partners, a real estate investment firm based in Chapel Hill, has finalized the sale of Rolesville Town Center, a retail property situated in the suburban city of Rolesville, part of the greater Raleigh metropolitan area. The transaction, which concluded recently, involved a sale price of $4.5 million.
Details of the Sale and Property Specifications
The Rolesville Town Center encompasses approximately 19,500 square feet of commercial space. The property is home to several local tenants, including Megan Nails, Kruse Chiropractic, Black & White Coffee Roasters, Pizza Hut, and Rolesville Equipment Co.. The specifics regarding the terms of the sale beyond the price have not been publicly disclosed. It is noted that Prudent Growth Partners initially acquired the property in September 2021 for $3.1 million, indicating a notable increase in value over the period.
Upcoming Development: Cobblestone Village
In addition to the recent sale, a new mixed-use development project called Cobblestone Village is currently under construction near Main and West Young streets in Rolesville. This development aims to bring a combination of residential and commercial amenities to the community.
Residential Components of Cobblestone Village
Cobblestone Village will feature 188 residential units with a variety of floorplans, including one-, two-, and three-bedroom layouts. Some of these residential units are already ready for move-in, offering opportunities for new residents to settle into the area soon.
Commercial and Retail Offerings
New Restaurants and Dining Options
Among the new businesses opening in Cobblestone Village is Artisan Beer & Cheese, a restaurant that specializes in beer, wine, cheese, and charcuterie. The establishment will cater to families with diverse seating options, including indoor areas, a bar, and an outdoor patio, alongside Wi-Fi access for customers. Additionally, a family- and Latin-owned enterprise, Pixels Bar + Arcade, is planning to open, offering a full bar, arcade games, cocktails, and traditional bar fare.
Retail Space and Boutique Expansion
Local Charm Boutique, a retail store currently located on Rogers Road, is relocating into Cobblestone Village. The new space will double in size, allowing the boutique to expand its offerings, including the addition of men’s clothing under a new brand, Oak & Pine.
Future Business Ventures
Plans also include the opening of Prima Cafe Co., owned by Tara Robinson-Inglis. After operating a mobile coffee and bakery truck for over a year, Robinson-Inglis intends to open a brick-and-mortar cafe next year. The cafe will serve a variety of items, including coffee, espresso, pastries, and meals for breakfast, lunch, and dinner. The operating hours are scheduled from 5:30 a.m. to 7 p.m. during the week and 5:30 a.m. to 9 p.m. on Fridays and Saturdays, providing a local spot for residents and visitors alike.
Summary of Economic and Community Development
The recent sale of Rolesville Town Center and ongoing investments in Cobblestone Village highlight the area’s growth trajectory. These developments reflect an active effort to enhance local retail, residential, and dining options, which could contribute to the community’s economic vitality and appeal to prospective residents and businesses alike.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Shopping Center Business: Rolesville Town Center Sale
- News Observer: Rolesville Business Developments
- ABC11: Rolesville Library Bond Vote
- Only In Your State: Town Center Developments in North Carolina
- Google Search: Rolesville North Carolina real estate development
Author: STAFF HERE RALEIGH WRITER
RALEIGH STAFF WRITER The RALEIGH STAFF WRITER represents the experienced team at HERERaleigh.com, your go-to source for actionable local news and information in Raleigh, Wake County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the North Carolina State Fair, Raleigh Arts Festival, and the Hopscotch Music Festival. Our coverage extends to key organizations like the Greater Raleigh Chamber of Commerce and Visit Raleigh, plus leading businesses in technology and education that power the local economy such as Red Hat and NC State University. As part of the broader HERE network, including HEREAsheville.com, HERECharlotte.com, HEREGreensboro.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
