Kane Realty Corporation has outlined plans for two mixed-use residential projects in Cary that would bring a combined 488 new apartment homes with ground-floor retail to the market. The developments, Flatiron on Chatham Street in Cary’s West End and 7001 Weston on Weston Parkway, are both conceived as apartment buildings with integrated retail and structured parking elements.
Flatiron is planned as a seven-story mixed-use building on roughly two acres at 602 W. Chatham Street and 523 Old Apex Road. The proposal calls for 213 apartment homes constructed above 5,659 square feet of restaurant and retail space. Structured parking would support the residential and commercial components, positioning the project as a higher-density addition to this section of Chatham Street.
The second project, known as 7001 Weston, involves the redevelopment of an existing office property that Kane Realty and Highwoods Properties describe as obsolete in today’s office market. Located at 7001 Weston Parkway, at the corner of Weston Parkway and Norwell Boulevard, the site is slated to be transformed into a five-story multifamily community.
Plans for 7001 Weston envision approximately 275 apartment units with ground-floor retail, largely within the same footprint as the current office building. Highwoods Properties and Kane Realty are collaborating on the effort to replace the aging office asset with a residential-focused mixed-use property, reflecting a shift in use at the corner site while maintaining its established commercial presence through the inclusion of retail space.
Together, Flatiron and 7001 Weston would introduce several hundred new rental units along with neighborhood-serving retail in different parts of Cary. The Flatiron site extends activity along Chatham Street and Cary’s West End, while the Weston Parkway redevelopment exemplifies reuse of an underperforming office asset in response to changing space demand. Both projects remain proposed and subject to the customary development and approval processes.
