New apartments and potential grocery store come to Cary

March 30, 2018 by  

Construction has begun on a new multifamily development in west Cary. To be called the Hillstone Alston Town Center, it will be adjacent to a new Lidl grocery store.

The new development will have 205 apartments that average about 950 square feet in size and will be comprised of a combination of four- and five-story buildings. It sits on 20.7 acres that were purchased by the Leon Capital Group, the developer, in August of last year, for the construction of the development and the grocery store.

The development, not including the grocery store, will be financed by Marble Capital of Houston through $10.2m in preferred equity and by Union Bank and Trust through a loan of $21.3m. The development is expected to be completed within a year from now.

Leon Capital could not comment on the status of the grocery store. Several large grocery chains have moved into Cary in the last year, including Publix and a Whole Foods next door to the proposed Lidl store. Wegmans is also planning to open two stores in Cary sometime soon.

Lidl is a chain of German grocery stores with low prices and bare-bones interiors and is one of the largest in the world.

Banner printing companies can be hired to create banners at the site so people can keep informed of the progress of such a project.

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