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Hyde St Holdings & Florian Co pay $4.34M for 2 acres, downtown Raleigh

AUG 26, 2013

The development group that plans to build 224 apartments on a 2-acre block east of Moore Square has closed on the property.

The development group, which includes The Florian Companies of Raleigh, Hyde Street Holdings and Banner Apartments, paid $4.34 million for the land, according to bankruptcy filings. The deed on the property changed hands last week.

The block -- bordered by Hargett, Martin, Bloodworth and East streets -- has been vacant for years except for a single house.

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