Site of Durham gas explosion at Brightleaf Square sold for $39 million
The buyer,
"It was a tragic situation that just stopped the whole process," said
Asana had cash ready with an aggressive offer that could speed up the sale, Linderman said.
The explosion at
"With the parking lot next door, and where the [destroyed] building was, there's now about an acre and a half of property that can be developed there," Linderman said. "The vacant property has a lot more potential because you can build more income-producing property. You don't have to stay one story tall. You can go vertical. You can build a tower there."
The site's current zoning allows "moderate intensity urban development," which could allow building up to 12 stories, according to
The nearly 142,000-square-foot location on around five acres of land has an assessed value of over
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