Downtown Raleigh's Future

[carolina1792]

2 hours ago, Mid South NC said:

https://www.bizjournals.com/triangle/news/2020/11/12/pinnacle-plans-presence-in-downtown-raleigh.html

Highwoods is moving their headquarters to downtown Raleigh as part of a new high rise development yet to be announced. I wonder Pinnacle is referencing this project when they mention 'negotiations'? 

[RALNATIVE]

1 hour ago, carolina1792 said:

Highwoods is moving their headquarters to downtown Raleigh as part of a new high rise development yet to be announced. I wonder Pinnacle is referencing this project when they mention 'negotiations'? 

Highwoods must be apparently moving to a new highrise they will build in the Warehouse district. They recently purchased the parcel across from the Dillon and have had it rezoned to 40 stories.

[RALNATIVE]

17 hours ago, carolina1792 said:

Highwoods is moving their headquarters to downtown Raleigh as part of a new high rise development yet to be announced. I wonder Pinnacle is referencing this project when they mention 'negotiations'? 

Correction. It has been reported that Highwoods will move their HQ to the Wells Fargo tower downtown.

[carolina1792]

7 hours ago, RALNATIVE said:

Correction. It has been reported that Highwoods will move their HQ to the Wells Fargo tower downtown.

That's a bummer but they are working on a new tower project in downtown. 

[KJHburg]

First quarter report from 2022 on downtown development and projects underway.

https://ctycms.com/nc-raleigh/docs/dtr_market_report_q1_2022_min.pdf

[rancenc]

From a residential standpoint, downtown Raleigh looks promising.

https://www.cbs17.com/news/local-news/wake-county-news/thousands-of-apartments-planned-in-downtown-raleigh-is-there-demand/

[carolina1792]

Official downtown Raleigh Kimpton hotel announcement. It's happening! 

"Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts' Luxury & Lifestyle Collection, announced today it will open a boutique hotel in downtown Raleigh, North Carolina. The hotel will open in late 2025 as part of a new-build 20-story mixed-use development also featuring high-end residences in North Carolina's capital city.

Owned by Tidal Real Estate Partners, the new Kimpton in Raleigh will span the first six floors of the building and feature 179 guest rooms, including approximately 20 suites."

https://www.hospitalitynet.org/announcement/41008042/kimpton-raleigh.html

[KJHburg]

so the hotel is the first 6 floors and the rest is apartments?    Nice looking project.  

Edited May 25, 2022 by KJHburg

[KJHburg]

I did not know that Kimpton proposal is where the round Holiday Inn is downtown.  I still wish that could have been incorporated into the new project with a taller tower on the vacant parking lot site.  Here is more from the Biz Journal this morning.

""Tidal Real Estate Partners of New York acquired the property in late 2021 and later unveiled plans to redevelopment the site. The 20-story development also calls for high-end residences plus restaurant and retail space.   The circular Holiday Inn building is set to be demolished. Site plans that Tidal Real Estate Partners filed with the city earlier this year show a 697,655-square-foot building spanning both 300 Hillsborough St., currently a surface parking lot, and 320 Hillsborough St – where the Holiday Inn stands.  The plans show the hotel portion of the project facing Hillsborough Street and the residential side of the building looking out over East Edenton Street with a total of 350 units – 280 one-bedroom units and 70 two-bedroom units. The planned parking deck would have 447 parking spots.""

https://www.bizjournals.com/triangle/news/2022/05/24/kimpton-hotel-planned-downtown-raleigh-development.html

[carolina1792]

2 hours ago, KJHburg said:

I did not know that Kimpton proposal is where the round Holiday Inn is downtown.  I still wish that could have been incorporated into the new project with a taller tower on the vacant parking lot site.  Here is more from the Biz Journal this morning.

""Tidal Real Estate Partners of New York acquired the property in late 2021 and later unveiled plans to redevelopment the site. The 20-story development also calls for high-end residences plus restaurant and retail space.   The circular Holiday Inn building is set to be demolished. Site plans that Tidal Real Estate Partners filed with the city earlier this year show a 697,655-square-foot building spanning both 300 Hillsborough St., currently a surface parking lot, and 320 Hillsborough St – where the Holiday Inn stands.  The plans show the hotel portion of the project facing Hillsborough Street and the residential side of the building looking out over East Edenton Street with a total of 350 units – 280 one-bedroom units and 70 two-bedroom units. The planned parking deck would have 447 parking spots.""

https://www.bizjournals.com/triangle/news/2022/05/24/kimpton-hotel-planned-downtown-raleigh-development.html

Yeah this should make up for phase 2 of 301H next door basically being dead in the water due to rising construction costs. Hopefully they can sell the property and another developer can have a go. Tidal Real Estate seems to go all in on Raleigh. They have at least 3 20 story projects planned in Downtown Raleigh so far: this project (Kimpton), the Warehouse district 20 story project, and the 500 block of Wilmington Street (next to Charter Square tower).  Should be interesting to see how fast the other two project go up. 

[CandyAisles]

6 minutes ago, carolina1792 said:

Yeah this should make up for phase 2 of 301H next door basically being dead in the water due to rising construction costs. Hopefully they can sell the property and another developer can have a go. Tidal Real Estate seems to go all in on Raleigh. They have at least 3 20 story projects planned in Downtown Raleigh so far: this project (Kimpton), the Warehouse district 20 story project, and the 500 block of Wilmington Street (next to Charter Square tower).  Should be interesting to see how fast the other two project go up. 

Warehouse District site has been re-zoned for 40 stories.

[KJHburg]

More about the new Kimpton Hotel to replace round Holiday Inn 

https://www.hotelmanagement.net/own/kimpton-open-downtown-raleigh-hotel

at least we will still have the round Holiday Inn in Charleston as it survived Hugo and other storms and probably nothing can rebuilt there so it will be around for while. 

 

[Mid South NC]

That is one dreadful monstrosity. It was in need of repair 7 years ago, and I'm fairly confident there have been no renovations since then. 

[Mid South NC]

Lol no surprise, I'm not the only one that feels this way 

[Mid South NC]

The funnier thing to me is they referred to a 14 floor, 150' tall Holiday Day Inn as a "skyscraper" sorry, got me oVer here ROFLMAO 

They have church steeples twice that height lol 

[Raleigh Walker]

22 hours ago, Mid South NC said:

That is one dreadful monstrosity. It was in need of repair 7 years ago, and I'm fairly confident there have been no renovations since then. 

The one here is just as dreadful...such an eyesore. Yes, I would have liked the replacement to be a little more "innovative" design wise, but a standard blue box is 1000X improvement. 

[carolina1792]

320 W. South Street tower looks like perimeter fencing is going up. Construction has started! 

[rolly]

Sad all the hate for a 20 story tower. It's better from an urban perspective to build around it. Just replacing it with only another 20 story building does not add to your city density.   Also this tower is one of the few that has an open top floor to view the skyline, which is quite awesome from this side of town.

Edited June 2, 2022 by rolly

[carolina1792]

3 hours ago, rolly said:

Sad all the hate for a 20 story tower. It's better from an urban perspective to build around it. Just replacing it with only another 20 story building does not add to your city density.   Also this tower is one of the few that has an open top floor to view the skyline, which is quite awesome from this side of town.

Hold on to your britches, "full 40" story tower announcement may be coming soon-ish. So it's not all 20 story towers. There's also some 12 story apartments grinding through the permitting which while not as exciting is still important to add density to the city.  Plus there's the 37 story RUSBUS and the 32 story Creamery Resi tower and the 27 story Downtown South office tower. 

Edited June 2, 2022 by carolina1792

[SydneyCarton]

On 5/24/2022 at 11:48 AM, carolina1792 said:

Official downtown Raleigh Kimpton hotel announcement. It's happening! 

"Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts' Luxury & Lifestyle Collection, announced today it will open a boutique hotel in downtown Raleigh, North Carolina. The hotel will open in late 2025 as part of a new-build 20-story mixed-use development also featuring high-end residences in North Carolina's capital city.

Owned by Tidal Real Estate Partners, the new Kimpton in Raleigh will span the first six floors of the building and feature 179 guest rooms, including approximately 20 suites."

https://www.hospitalitynet.org/announcement/41008042/kimpton-raleigh.html

Isn’t this going to be directly across from 301 S Hillsborough?  If so, it will add some density to the area.

[distortedlogic]

On 6/1/2022 at 12:46 PM, Mid South NC said:

Lol no surprise, I'm not the only one that feels this way 

Lol, not even close. They apparently haven't seen the Landmark in Greenville,  the Florence city complex building, or even the Aloft in Greenville. Here are the Landmark and Florence buildings; both city tallests. 

 

 

Edited June 4, 2022 by distortedlogic

[rolly]

On 6/2/2022 at 11:38 AM, carolina1792 said:

Hold on to your britches, "full 40" story tower announcement may be coming soon-ish. So it's not all 20 story towers. There's also some 12 story apartments grinding through the permitting which while not as exciting is still important to add density to the city.  Plus there's the 37 story RUSBUS and the 32 story Creamery Resi tower and the 27 story Downtown South office tower. 

That's not what I said.

I said, why tear down a 20 story building (that's ugly, but functional) just to replace it with another 20 story.

When there's plenty of parking lots to build on.

[Bolt]

It’s barely functional.   Mechanicals are still original.  Poorly maintained .  Building leaks.  Get a behind the scenes tour of this turd.  Rats everywhere when this thing is finally demolished.

[carolina1792]

The Creamery project on Glenwood South by Turnbridge Equities is close to completing the paperwork/permitting with the city. I think this should break ground by the end of the year if not sooner!  Updated renders below. 

 

"Turnbridge successfully rezoned the property to permit up to 40 stories of mixed-use development, obtained Raleigh Historic Development Commission design approval, and expects to commence construction in mid-2022 on a 250,000 square foot Trophy-quality office building, a 300-unit residential tower, and a 150-key boutique hotel."

 

 

[carolina1792]

On 6/7/2022 at 5:58 PM, carolina1792 said:

The Creamery project on Glenwood South by Turnbridge Equities is close to completing the paperwork/permitting with the city. I think this should break ground by the end of the year if not sooner!  Updated renders below. 

 

"Turnbridge successfully rezoned the property to permit up to 40 stories of mixed-use development, obtained Raleigh Historic Development Commission design approval, and expects to commence construction in mid-2022 on a 250,000 square foot Trophy-quality office building, a 300-unit residential tower, and a 150-key boutique hotel."

 

 

ASR updated. The Creamery residential tower has been updated from the previous 32 stories to 37 stories. Likely the 2nd or 3rd tallest tower in Raleigh. Unsure which tower will be taller, this one or the RUSBUS Resi tower. 

Edited June 13, 2022 by carolina1792