This $3,600-a-month apartment in new downtown Raleigh tower offers skyline views
The highly anticipated 400H mixed-use tower is officially open in downtown Raleigh.
This week’s Price Point features one of its first available luxury apartments up for lease: a two-bedroom, two bathroom apartment listed for $3,603 a month.
Developed by Trammel Crow Co., the 20-story tower is at the intersection of Hillsborough and West streets, offering 242 residential units. (Studios and smaller apartments start at $1,562 month.)
Amenities include a ninth floor “SkyHub” featuring indoor and outdoor space, an elevated pool, fitness and yoga facilities, conference rooms and bike storage. The building also has 150,000 square feet of office space and 16,000 square feet of ground-floor retail.
Paying over $3,600 a month in rent may sound steep, especially in Raleigh where the median rent for a two-bedroom hovers around $1,497. But it’s becoming more common as the number of rich renters soars in the Triangle.
For the same price tag, you could also rent a five-bedroom house in Durham or a five-bedroom townhome in Chapel Hill.
Price Point
“Price Point” is a new N&O column aimed at offering a snapshot of the local real estate market. Each week, we'll tell you about three houses on the market that are roughly the same price but located in different parts of the Triangle. It will also highlight how prices — and what you get for the money — can vary greatly across the region.
400H, Unit 1712, 9 N. Harrington St., Raleigh, 27603
For rent: $3,603 a month
Two-bedroom, two-bathroom apartment in new-build building
The apartment is in 400H in the North Central neighborhood of downtown Raleigh. It’s at the intersection of the Warehouse, Glenwood South and Capital Districts, about a 20-minute drive northwest to Raleigh-Durham International Airport.
The 400H offers studio, one-, two- and three-bedroom apartments. Building amenities: Pool, concierge service, gym and yoga center, co-working spaces, pet spa, and private event space.
Size: 1,391 square feet
Pet friendly: Yes
In-unit dryer and washer: Yes
Parking: Concierge service
4911 Stockton Way, Durham, 27707
For rent: $3,600 a month
Single-family house with five bedrooms and four bathrooms
Built in 2003, this traditional home is in Durham’s Prescott Place neighborhood. It’s about a 17-minute drive east to downtown Durham, and about an 18-minute drive east to Raleigh-Durham International Airport.
The house features first-floor master bedroom, mudroom, second-floor bonus room and backyard deck.
Size: 4,070 square feet
Pet friendly: Yes
In-unit dryer and washer: Yes
Parking: Attached parking
511 Pine Bluff Trail, Chapel Hill, 27516
Townhome with five bedrooms and three and a half bathrooms
Built in 2000, this townhome is in Chapel Hill. It’s about a 6-minute drive north to downtown Chapel Hill, and about a 26-minute drive east to Raleigh-Durham International Airport.
It features a wrap-around front porch, hardwood floors, skylights and vaulted ceilings.
Size: 2,500 square feet
Pet friendly: Not available
In-unit dryer and washer: Yes
Parking: Off street
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