Peace University purchase of Seaboard Station approved

Kylie Lacey's picture
Friday, August 9, 2013

A bankruptcy court judge on Wednesday approved William Peace University's $20 million bid to purchase the neighboring Seaboard Station retail center.

The owners of Seaboard Station, which is off Halifax Street north of downtown Raleigh, filed for bankruptcy last year, and Peace officials have eyed the center for months as a way to generate revenue and expand.

Community groups and some retailers have expressed concern about the move, fearing Peace would replace shops with dormitories, parking garages and athletic fields.

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