3402 Hillsborough

Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for 3402 Hillsborough Street (the “Property” or “Site”), a unique +/- 2.06-acre student housing development opportunity located on the main off-campus thoroughfare adjacent to North Carolina State University and Meredith College. The site features +/- 540 feet of frontage along Hillsborough Street, the main western entry route to NCSU, with direct campus access in 0.4 miles (+/- 8-minute walk). This provides future residents immediate access to campus, classrooms, and corridor amenities for both NCSU and Meredith students. The property is currently zoned by-right for student housing/residential development, allowing for construction up to 5-stories with the inclusion of affordable housing units. This zoning designation allows future developers to significantly reduce predevelopment timelines and deliver state-of-the-art project to meet growing demand along Hillsborough Street.

North Carolina State University is an established public research university and founding member of the Atlantic Coast Conference (ACC), consistently ranking among the top engineering and technology programs nationally with notable strengths in agriculture, design, and veterinary medicine. The university serves over 40,503 students and has experienced steady enrollment growth, with projections indicating continued expansion driven by its strong reputation in STEM fields and proximity to the Research Triangle Park’s thriving technology sector. Due to the university’s successful educational programs, NCSU expects to add nearly 4,000 students before 2030 and has been vocal about its need for additional quality, off-campus student housing options.