The Carolinian on Glenwood Begins Pre-Leasing, Project Nears Completion

*The 186-unit luxury apartment mid-rise offers exquisite finishes and unmatched resort-style amenities in one of Raleigh's most exclusive neighborhoods

RALEIGH, NC and FORT LAUDERDALE, FL — March 20, 2017 — Fort Lauderdale, FL-based Stiles Residential Group and Raleigh, NC-based Grubb Ventures announced today that pre-leasing of The Carolinian on Glenwood has begun as the project nears completion. The project is being built by Clancy & Theys Construction Company.

The luxury 186-unit mid-rise apartment community is located at 2600 Glenwood Avenue in the heart of Raleigh at the intersection of Glenwood Avenue and Oberlin Road, inside the I-440 Beltline. The project boasts one of the most desirable locations in Raleigh overlooking the prestigious Carolina Country Club golf course, and is just minutes from downtown and Cameron Village. The first residents will be welcomed in July.

"The Carolinian will offer an exciting combination of premium amenities, elegant interiors and convenient location that together raise the standard of exceptional living in Raleigh," said Gordon Grubb, president of Grubb Ventures. "Our apartment homes will be distinguished by high quality, modern finishes and open, spacious floorplans. We are pleased to be receiving tremendous leasing interest in our community."

According to Grubb, the project's resort-style amenity list and architectural design is inspired by the established, desirable neighborhood by which it is surrounded. "The Carolinian's location 'inside the beltline' is one of the project's most defining features," continued Grubb. "In accordance with the sophistication of the area, we aim to provide a level of privacy and relaxation so the feeling of being on a luxury vacation is a constant state of mind."

The Carolinian on Glenwood's multitude of unmatched high-end amenities include underground parking, private gated access, an expansive sun deck with a salt water pool and entertainment area, an outdoor rooftop lounge with panoramic views of the golf course, and three expansive resident lounges that will offer residents a variety of spaces for social interaction and retreat. The community will also offer a café, entertainment and gaming areas, a state-of-the-art fitness center and yoga studio, and an executive conference room. Additional amenities feature pet-friendly services, such as a Canine Club which features an indoor dog run and play area together with a pet grooming spa.

"In designing this community, we focused on creating the ultimate resident experience where fine living, entertainment and convenience flow together in a seamless fashion, and at a caliber that the neighborhood would expect and deserves." said Jeff McDonough, president of Stiles Residential Group. "The interior and exterior gathering spaces will be substantially larger than comparable properties and are designed to evoke the casual feeling of a high-end boutique hotel. All told, the project will boast over 20,000 square feet of indoor and outdoor amenity space, which is more than many projects with twice the number of units than the Carolinian. This will allow residents a wider variety of options for entertaining, from quaint get togethers to larger gatherings."

Prospective residents can now visit the community's new leasing center, which is conveniently located at 2424 Glenwood Avenue, Raleigh, NC, 27608. For more information on The Carolinian on Glenwood or to schedule an appointment, visit www.thecarolinian.com or call 919-787-7100.

About Grubb Ventures

Headquartered in Raleigh, Grubb Ventures is a boutique real estate development, management, and leasing company that creates and redevelops high quality communities in infill locations in the Research Triangle Region of North Carolina. Our mission is to rethink the current use of real estate and identify a higher and better use, rebuild developments with a new vision and purpose, and renew the surrounding neighborhoods in which we work. Learn more about Grubb Ventures at www.grubbventures.com.

About Stiles

Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. The company is responsible for more than 43 million square feet of office, residential, industrial, retail and mixed-use projects throughout the southeastern United States. Headquartered in Fort Lauderdale, Stiles has built its footprint throughout Miami, West Palm Beach, Naples/Fort Myers, Tampa, Orlando, and Jacksonville, Florida. The company also maintains a development office in Charlotte, North Carolina. Learn more about Stiles at www.stiles.com.

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Contact: Adrienne Zalkind
Email: adrienne.zalkind@stiles.com
Office: 954-627-9148