Abode Arringdon Sold to The Carlyle Group

News  |  April 28, 2024

Abode Arringdon Sold to The Carlyle Group

A new Morrisville townhome development called Abode Arrington was purchased by The Carlyle Group, a global private equity firm. Underfoot Engineering was lead engineer and landscape architect for the project.

“This was a prime location for our client, with proximity to I-40, 540, RDU International Airport, and Research Triangle Park,” said Mike Roselli, principal for Underfoot Engineering. “The flexibility to develop both garage and street-parked units was key to providing a variety of housing options needed in this bustling area.”

Abode Arrington was built and sold by DRB Group. Underfoot Engineering provided all site planning, design, and construction coordination services for the 65-unit development. The project was entitled through City of Durham and Durham County Utility processes.

The Carlyle Group bought 58 of the 65 townhomes for nearly $22 million, or about $371,000 per home, reported Triangle Business Journal. The firm has a U.S. real estate investment arm and has about 1,300 total investments in the U.S.

Abode Arringdon details:

  • 3-story townhomes
  • Range between 1,744 and 2,024 square feet
  • Attached garage
  • Private porch or balcony
  • Community dog park, fire pit, and cornhole court

Contact the Underfoot Engineering team to learn more about consulting and design services utilized for Abode Arringdon.
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