A Gastonia firm recently bought a Wilmington apartment complex near Monkey Junction for $54 million.

The railroad operator is under contract to sell the property to Wilmington, North Carolina-based Zimmer Development Co., a CSX spokeswoman confirmed to the Tampa Bay Business Journal.

Downtown Raleigh continued its flirtation with the 40-story barrier in 2020 as the city continues rezoning parcels allowing for development up to that height.

Greensboro-based Evolve Construction has teamed with developer Zimmer Development Co. of Wilmington at 198 Milltown in Burlington, just north of Interstate 40/85 on the west side of University Drive.

The forever vacant, 13.4 acres of farmland, known for its grazing goats at the northeast corner of College Parkway and South Pointe Boulevard in south Fort Myers, will be transformed next year into a 200-unit apartment complex.

Construction has begun on Florida State University-Panama City’s first on-campus apartments.

Gov. Roy Cooper has reappointed Landon Zimmer to serve as a member of the N.C. Board of Transportation, according to a news release.

Developers hope a planned 40-story tower will become a significant project that expands the northern edge of downtown Raleigh.

City Council approved a request allowing for the development of a mixed-use tower up to 40 stories tall at 506 and 508 Capital Boulevard near a collection of large projects planned and underway in downtown Raleigh.

Wilmington-based Zimmer Development filed the request last year and is looking to bring a new mixed-use tower up to 40 stories tall at 506 and 508 Capital Boulevard across the street from the planned Seaboard Station development and across Capital Boulevard from Kane Realty’s Smoky Hollow project.