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Real Estate News

The Research Triangle Park a Place to Call Home

Photo Credit: RTP Blog

Photo Credit: RTP Blog

The Research Triangle Park was established in 1959 and become one of the top research hubs in the United States. In 1965, IBM made it’s footprint in the park. The Research Triangle Park offered highly trained workers, great climate and inexpensive housing.  Some describe the area as a golfer’s paradise as, “Tees, trees, and PHDs.”

The Research Triangle Park is now home to 170 companies  and growing.

RTP currently employs nearly 40,000 people. For the people employed in the Research Triangle Park they reside in what is known as “The Triangle” comprised of Raleigh, Durham and Chapel Hill. There are many surrounding towns such as Apex, Holly Springs, Pittsboro, Cary and Morrisville that offer great housing communities for those who prefer a smaller town feel.

RTP is centrally located therefore making the location a prime place to work and live. RTP is 9 – 11 miles from downtown Durham, 12 to 14 miles from Chapel Hill and 18 to 21 miles from the state capital in downtown Raleigh.

Raleigh and Durham have been attracting more young professionals then what could have ever been imagined. In more recent years old warehouses are now hubs to many retailers and offer co-op working environments for many up and coming startups.  Recently awarded one of the top places to start a business Raleigh is an entrepreneur’s dream destination.

Recently, the not for profit Research Triangle Foundation of North Carolina discussed plans for developing the park as not just a place to live and work, but a place to go. One of the attractions being discussed is the RTP’s very own Sydney Opera House. A rail path is also being discussed with a direct path to the three connecting cities that make up the Triangle.

If you haven’t figured out why so many people are attracted to the Research Triangle Park then continue to read.

  1. People *love* Research Triangle Park.
  2. The people who made it in the park are now older and richer.
  3. It’s great central location.
  4. Great landscape and various paths for hiking, biking and exercising.
  5. Young professionals find great potential for business and pleasure.
  6. New companies and more employment opportunities.

 

Read more about the Research Triangle Park at Forbes http://www.forbes.com/sites/davidkroll/2014/02/04/7-reasons-its-finally-time-to-live-in-research-triangle-park/

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About PhilJawny

Award winning mortgage banker with over 14 years of experience.

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