REBusinessOnline

PHILLIPS DEVELOPMENT TO BUILD APARTMENTS IN CARY

CARY, N.C. — Tampa, Fla.-based Phillips Development & Realty LLC will break ground on its $20 million, 196-unit Phillips Swift Creek, located on the corner of Old Apex Road and West Chatham Street in Cary, in the third quarter of this year. Amenities on the 13.2-acre site include a 5,200-square-foot clubhouse, a pool and 2 acres of walking trails. Raleigh, N.C.-based Stewart Engineering’s Ryan Hambleton helped develop the site, and Ken Kite and James Anderson of Atlanta-based The Preston Partnership provided design services.

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