DURHAM, N.C. — AvalonBay Communities has purchased 6.8 acres at 4802 Durham-Chapel Hill Blvd. in Durham to develop a 930-unit community. The first phase of development will comprise 459 units across three buildings. Units will come in studio, one-, two- and three-bedroom layouts. Amenities at the property will include a pool, grilling areas, an indoor-outdoor fitness center and several courtyards. Construction is scheduled to begin in 2024, with the opening expected for 2026. CBRE represented the seller, Beacon Properties Group, in the transaction.