Kane Realty is partnering with Federal Capital Partners to build a 400-unit apartment complex in the Ramblewood neighborhood near North Hills.
The project, which involves tearing down the 1960s-era Lantern Square apartment complex, is expected to begin construction in the third quarter of this year, the companies announced Friday.
The deal represents a family reunion of sorts for the Kane family, as one of North Hills developer John Kane's son, Bryan Kane, heads up FCP's Triangle office.
It also marks FCP's fourth investment in the Triangle over the past 14 months. Late last year the Washington-based firm paid $35.25 million for the first phase of the West Village development in downtown Durham.




