Raleigh company plans apartment building for Edgehill

A Raleigh-based development company has paid more than $9.1 million for an Edgehill property on which it plans to break ground next summer on a residential building near the city’s old reservoir.

SLI Capital acquired the 2.5- acre property from Nashville-based Elmington Capital Group. SLI will team with Atlanta-based Regent Partners LLC on developing the site at 1201 Hillside Ave. Bryan Kane, SLI's managing partner, said the company also plans to purchase in early 2021 Elmington’s property at 809 Edgehill Ave., located across Hillside from the just-acquired site (seen in the upper left of the above image).