Lock7 Development, a Washington, D.C.-based developer, is set to commence the construction of The Massey, a $15 million condominium project, later this year, as reported by the Triangle Business Journal. Featuring 17 three-story residences, these condos, located at 202 Byrum St., will be available from $940,000, with the additional option to include private elevators for $45,000. With four units already sold, the company foresees the completion of the condos by 2025.

Cary issued 83 permits for new detached residential and townhouses this quarter. The top three subdivisions/areas permitted were Courtyards at West Cary (28), Young Farm (28), and Abberly Alston (8). Overall, permits for new detached dwellings and townhouses increased by 17 permits compared with the same period in FY 2023.

Cary issued 90 detached and townhouse certificates of occupancy this quarter, an average of 1.4 certificates per workday. This is fewer in comparison with the COs issued in the same period of FY 2023, which was 204. The subdivisions receiving the most COs were Courtyards at West Cary (36), Carpenters Pointe Townhomes (10), Young Farm (9), and Estates at Weddington (9).

Cary issued one building permit for 20 new multifamily units at Weatherstone Creek this quarter. There were no building permits issued for multifamily units last quarter.