101 replies to this topic

[DC413]

I haven't been involved in the CAC that long, so i'm not totally sure, but i do think the project is a goner for now, and that's why our CAC is working to at least just get the buildings torn down.

[JeffC]

Given today's news story in the N&O about slowing or cancelled condo projects downtown, I think it is fair to assume this project is dead until the current recession (or psychological recession, or whatever you want to call it) is over.  Who is the developer?  Local company or another out of town greenhorn trying to cash in on our local boom who got skinned?

[ChiefJoJo]

JeffC, on Feb 18 2008, 10:10 AM, said:

Given today's news story in the N&O about slowing or cancelled condo projects downtown, I think it is fair to assume this project is dead until the current recession (or psychological recession, or whatever you want to call it) is over.  Who is the developer?  Local company or another out of town greenhorn trying to cash in on our local boom who got skinned?

IIRC it was Hobby Properties.  I am on the CAC email list that originated by trying to negotiate thru the city approval process and I recall the chair mentioning that the developer was overwhelmed with the time and effort needed to get it through (since 2005, I think) and basically had enough.  I think there is responsibility on both sides.  I recall Mitch Silver saying there are 20 different ways to design that site, but obviously there are some city codes that do not reflect current conditions or the desires of the neighborhood.  It is just these sorts of issues that make the Comp Plan all the more important to get right.  If we get it right, the plan should create very clear expectations of what should be built where, how it should look, and the code should follow the blueprint by clearly defining the how to implement the plan.

I recall that the members of the Mordecai CAC petitioned the council on Feb 5 to have the city address the transportation/land use planning issues in the vacinity of Person/Blount/Delway to make it more ped friendly and amenable to redevelopment.

[dmccall]

I think this is a little different than the condo thing. These are a different type of property. The article specifically was talking about midrise condos. A house house where you step out to dirt is a different experience. Maybe there's hope!

[only]

ChiefJoJo, on Feb 18 2008, 12:10 PM, said:

IIRC it was Hobby Properties.  I am on the CAC email list that originated by trying to negotiate thru the city approval process and I recall the chair mentioning that the developer was overwhelmed with the time and effort needed to get it through (since 2005, I think) and basically had enough.  I think there is responsibility on both sides.

Hobby Properties isn't a "developer" in the strict sense of the word. They own a bunch of lower end properties around town. They're basically just a real estate investment company. They buy stuff, lease it, hope to sell it for a profit later. The development team wasn't particularly well prepared. They didn't do the legwork necessary on the front end, and then claimed that they were getting railroaded by the city when planning staff started asking pretty basic questions about the proposal. The CAC bought into the rhetoric. The neighborhood was pretty anxious to see the project go forward, and was willing to go to bat for the developers to help push the project through site plan approval.

Despite the developer's inexperience, the project did get approved, and in less time than it takes to fast-track a similar project in Chapel Hill. The city has actually been pretty supportive of the project. Unfortunately, the developer doesn't have the resources to get it out of the ground.

[JeffC]

sounds like a classic slum lord trying to cash into the perceived real estate boom.  Why wouldn't the developer go ahead and demolish the duplexes and the awful white retail building if they are planning on selling?  don't buildings that look like that actually drag DOWN the price of property?

[Jones133]

They also are paying taxes on the structures, boarded up or not.

[askmisterbrown]

Only, you describe the situation exactly. Furthermore, Hobby Properties got the nearby neighborhoods to go to bat for them on the grounds that Hobby was "revitalizing a blighted eyesore." Well, the only reason it was a blighted eyesore is that Hobby kicked out all the tenants, cut down all the trees, and let the buildings rot. The duplexes are actually interesting and unusual International Style buildings. The shopping center was not high-end, but was not "blighted" before Hobby bought it. Now I suppose they'll hold onto it until the Blount St. project is done and the value increases. What a shame.

[only]

askmisterbrown, on Feb 19 2008, 12:59 PM, said:

Now I suppose they'll hold onto it until the Blount St. project is done and the value increases. What a shame.

Exactly. There's really no reason not to sit on it, either. Hobby might get shorted in the long run (all investments being a gamble, after all), but the likelihood is that their property will be worth a lot more money once the LNR stuff starts coming out of the ground.

Tearing those buildings down and hauling off the debris might make the site marginally more attractive, but that stuff costs money, and it would likely upset whatever financial strategy that Hobby is currently employing on the property. They could be depreciating the buildings, etc, in which case the owner is better off financially to leave them standing.

[yoga]

The buildings are definitely ugly with a capital 'U', but why in the heck cut down those beautiful old oaks??? They don't get that big in a week or a decade, even. Makes me mad.

[ncwebguy]

It seems like they're not even trying to rent out any part of Person Street Plaza.  That made sense when they were looking at the new development, but now that is not an option, rent it out.  Unless getting the building up to code would be more than they'd recoup in a  year or two's worth of rent.  The convienence store seemed to not notice Halifax Court was replaced by Capitol Park and the success of Seaboard Station on the other side of Peace College.  The "Super 10" across Person also seemes to be stuck in a late 80s time warp, trapped by the high land value, not enough cash to develop, and a reluctance to partner with anyone due to greed and/or delusions of gradeur.

I was somewhat supportive of the new development, even though they were only "fixing" the eyesore they created.  That area deserves a lot better.  The development near Oakwood Park has a different problem.. a 3/4 finished building with no certificate of occupancy.

[ChiefJoJo]

Saw this story last week about Person St.  I think the demise of Franklin Plaza brought the idea of doing a plan for N. Person to the forefront.

[askmisterbrown]

Hobby Properties have begun renovating the old shopping center at the corner of Franklin St. and Person St. Plans for demolition and redevelopment have been abandoned. But at least there will be some businesses here. They are going to renovate the four buildings around the corner facing Blount St. into nice duplexes, which is what they were built as.

Meanwhile, five blocks north at the corner of Wake Forest Rd. and Chestnut St., the owners of the empty Blue Dolphin Motel are planning to renovate it into ten office suites of various sizes, from 196 square feet to 1164 square feet. Construction should begin this fall, and finish next summer.

[RaleighRob]

Hate to see that no redevelopment will take place, but renovation is certainly better than letting so much space near downtown sit empty for so long.  If they can re-do that shopping center nicely (I'm thinking similar to that one at the corner of Peace and Capital with the Jersey Mike's), then it'd be an improvement.  
As for the "nice duplexes", I'm surprised about that one...that will be a MAJOR restoration work there!   But if they can do it---great---always for more residential options.

Office suites in the Blue Dolphin should be interesting.  (Although part of me wishes it was just renovated back into a retro-style boutique motel.  I think that would be interesting, IMO.)

[Jones133]

Well, so much for those brick townhomes being renovated....they were being torn down this evening.  It looks like they were stripped of usable stuff first over the last few weeks.

Also a note on the nearby area...I noticed for the first time that Harp Street used to pass south through what is now the Peace College campus. Between Harp and Blount were several houses...one brick one still standing, two relocated that I know of and  I think two demolished, maybe more. It made me think that in the earlier discussions about Peace wanting to close Franklin Street, I don't remember this closing of Harp ever being mentioned by City Council members or residents of the area, though I could be wrong.

[Gard]

^

Yeah they stripped out the townhouses and donated the good stuff left.  Will be interesting to see how this part of town shapes up.

[citiboi27610]

Any news on things going on in the area around Franklin Street? I know there is talks of putting a "City Garden" at the corner of Franklin and Blount St. As far as I've heard the Franklin Plaza project is "On Hold". And, the corner with the Super 10, I've always wondered if anything was going to happen with that.

(Can't wait to hit up PieBird when it opens.)

[RaleighRob]

Latest on the North Person area.  This topic is due for updating.

PieBird of course has been open a while and is probably the most popular spot in the neighborhood next to Krispy Kreme.  A salon just recentlyo opened next to it too, and some of the other store fronts are trying to fill up.  We still need something good in the old Rosie's Plate spot. (I think it'd be perfect for a burrito shop myself...Chubby's anyone?  LOL)

As many know the old Super 10 is becoming the latest version of Rapid Fitness.  I kinda like the idea of more than one gym (O2 Seaboard, currently) being downtown, though this seems awfully close together.  But competition is good regardless.

Ok now to Person/Franklin Plaza.  City Farm project is still in the works.  But today I saw this article in New Raleigh and my jaw hit the ground:  http://www.newraleigh.com/article/market-restaurant-and-escazu-moving/
Market and Escazu may be moving there.  Also, a bakery called Yellow Dog.  All I can say is if this info is correct and it happens, this would be heaven.  (I live nearby.)   Crossing my fingers.

Also if anyone's interested, since much of this area is technically outside of the Downtown Alliance boundaries (which seems weird to me), the businesses have started their own minature version called the Person Street Partnership:  http://www.mordecaicac.org/partnerships

[Jones133]

North Person Street has the best chance of being an authentic mixed use, pedestrian scale, downtown neighborhood. With Mordecai and Oakwood as bookend neighborhoods, all it ever lacked was cache. If the cadre of businesses mentioned above (which included a grocery as part of Market), plus the bike shop and coffee shop mentioned in the New Raleigh article all pop in in the area, you will have an area that rivals any other in the city for livability.

Edited by Jones133, 20 February 2012 - 10:34 PM.

[RaleighRob]

Another report with a bit more detail on the Person Plaza development:  http://www.indyweek.com/indyweek/grocery-store-finally-coming-to-downtown-raleigh/Content?oid=2866792