I was fortunate enough to be invited on a tour of The Lincoln Apartments recently. The 224-unit apartment building that is located one block east of Moore Square brings luxury studio, 1, and 2 bedroom apartments with plenty of amenities to keep residents happy.
I wanted to write about the tour and, in a separate post, mention some thoughts and trends I’m noticing about the wave of rental buildings that have really hit our downtown. Think of this post as an introduction to that analysis.
The Lincoln will have its grand opening on September 10 but that shouldn’t stop anyone interested to get in touch with them now. I was told people are already moving in.
The tour started us in the clubroom, an open space with kitchen, lounge, and billiard table with contemporary flair. Small groups could socialize comfortably here and there was easy access to the outdoor courtyard. The courtyard had the pool, a sundeck, outdoor TV and couches, built-in gas grills with high-top tables, and a shuffle board table. Sprinkled around these were a variety of fireplaces. The clubroom and courtyard should be the social center of The Lincoln.
Walking back inside, we saw the fitness center, outfitted with brand new equipment. Attached was a yoga studio. While not large in size, the access and equipment probably rivals any public gym out there.
Transportation was next as each bedroom, not unit, gets a parking space. We took a brief peak at the parking as a way to show off the electric charging stations. The highlight, in my eyes anyway, was the bike storage room. A small room for storing bikes was easily accessible from the street. In addition, a bike repair stand, similar to the one on Hargett Street, was available for residents. Kudos to The Lincoln for providing this.
Down the hall, the pet spa. Not yet finished for the tour but a large tub was installed for washing pets. A pet dryer was to be installed later.
The rest of the tour took us through some of the units. The layout of the studios and one-bedrooms were optimal to make it seem larger. All the units have high-ceilings (9′ or 10′) and great access to natural light in most cases. Flooring consisted of faux wood throughout the units with carpet in the bedrooms. The kitchens were up-to-date with granite countertops, modern fixtures, and stainless steel appliances. Everyone gets a washer/dryer. Trash chutes and recycling are available on every floor.
Pricing depends on the floorplan but here is a general idea:
- Studio – 552 sq ft – $1095
- 1 Bedroom – 628-923 sq ft – $1168-$1717
- 2 Bedroom – 997-1392 sq ft – $1655-$2311
The bulk of units lean more towards the lower end of those prices. Only 7 units in The Lincoln are asking more than $2000. The units along Bloodworth Street have a great downtown Raleigh view, with most price points represented on that side of the building.
On the inside, The Lincoln, like most downtown Raleigh apartment buildings, offer a great list of amenities to renters. Combine that with the stellar location of being close to downtown and today’s high-demand for rentals, you can’t really be shocked by those asking prices.
We’ll get more into the downtown Raleigh apartments scene in the next post. Overall, I enjoyed the tour and look forward to seeing people move in to The Lincoln.