CityPlat, a new Cary-based firm, has partnered with Raleigh’s White Oak Properties to acquire 1.72 acres at the corner of Hillsborough and Turner Streets for $1.7 million, shifting plans from 93 luxury condos to 180 apartment rentals in a five-story building. This project is part of a larger transformation along Hillsborough Street, which is experiencing a wave of apartment developments, while CityPlat is also involved in a condo project in downtown Durham scheduled to break ground this summer.