Case Study Overview
Falls of Neuse Rd & Durant Rd
Idlewild cultivated 74 acres in North Raleigh, adjacent to the Falls River PUD and just one mile from the I-540 Outer Loop, into a diversified mixed-use development anchored by WakeMed North Hospital. Acquired in three phases, the project was taken through entitlement, development, buildout, leasing, and disposition, ultimately bringing together healthcare, multifamily, office, retail, and restaurant uses. The completed development demonstrates Idlewild’s ability to identify strategically positioned land, attract high-quality institutional users, and create long-term value across complementary asset classes.

Investment Strategy

Phased Execution
Idlewild acquired 74 acres across three strategic phases, guiding the project through entitlement, development, management, buildout, leasing, and ultimately disposition to multiple end users.

Diverse Uses
The completed development brings together healthcare, multifamily, office, retail, and restaurant uses, including 280 apartments, 38,000 square feet of office space, and multiple commercial properties.

Institutional Anchor
Anchored by WakeMed North Hospital, the project demonstrates Idlewild’s ability to attract a major regional institution and create a strong foundation for complementary residential and commercial development.
Project Impact
Anchored by a leading regional healthcare system, demonstrating Idlewild’s ability to attract high-quality institutional users and create lasting value across a mixed-use development.
APARTMENT UNITS
OFFICE/INSTITUTIONAL SPACE
280
38,000 SF
RETAIL UNITS
NOTABLE ADDITION
4
WakeMed North Hospital
Investment Inquiry
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