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Downtown Raleigh's Future

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rolly
rolly

Here's some shots from the doc KJHburg just posted.  

KJHburg
KJHburg

here are some color renderings of the Vela  ^^^^^  

carolina1792
carolina1792

ASR filed for one of the largest buildings in Raleigh, if built, Nash Square Apartments. 430 feet. This is the property that was scheduled to be a 10 story hotel before COVID hit.   

Posted Images

RALNATIVE Burg

RALNATIVE

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20 hours ago, KJHburg said:

what is going on with Salisbury Square on the old NCAE site?   Has anything started there even land clearing?  This from the developer says it will start in May but what May I dont know. 

https://drp-llc.com/portfolio/

There is fencing up and it looks like some demo work has begun.

 

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J.Kirk Crossroads

J.Kirk

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19 hours ago, RALNATIVE said:

There is fencing up and it looks like some demo work has begun.

 

They have had fencing up for what seems like a century at this point. Here is a photo of this area, which was taken yesterday:

04052023_GatewayCitySouth.JPG

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RALNATIVE Burg

RALNATIVE

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6 hours ago, carolina1792 said:

ASR filed for one of the largest buildings in Raleigh, if built, Nash Square Apartments. 430 feet. This is the property that was scheduled to be a 10 story hotel before COVID hit. 

 

Fs4EQBCXwAEMZQB.jpeg

That location is perfect for a tall structure. Wish the design were better but it will help expand the skylike.

Do we know how many stories?

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KJHburg Ecumenopolis

KJHburg

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sounds the Berkely cafe will be there until November according to the article.

""On Thursday, Alex Little, co-owner of the cafe, told TBJ they are looking for a new space to serve their the loyal customer base the cafe has built over the years. Their current lease has been extended through November.""

another story about this new tower

https://www.axios.com/local/raleigh/2023/04/06/plans-filed-for-tower-that-would-rival-raleighs-tallest

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KJHburg Ecumenopolis

KJHburg

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Here is the first quarter 2023 downtown Raleigh report.  And there is more apartments under construction than ever.

""DOWNTOWN RALEIGH SUMMARY AND HIGHLIGHTS: There are 16 developments under construction and when completed they will deliver 2,032 residential units, 408 hotel rooms, 144,410 square feet of office space, and 89,145 square feet of retail.""

https://downtownraleigh.org/do-business/reports-publications-and-plans

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carolina1792 Whistle-Stop

carolina1792

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Shaw University campus rezoning case has passed 5-3.  This rezoning will allow many acres of downtown to be zoned to for 30, 20, and 12 stories development .

  Shaw University is the 3rd largest property owner in downtown Raleigh so really positive news for local dev-heads. 

Screenshot 2023-06-20 at 5.29.07 PM.png

Edited by carolina1792
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KJHburg Ecumenopolis

KJHburg

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4 hours ago, rancenc said:

Hopefully the old Citrix headquarters will attract immediate interest!

https://wraltechwire.com/2023/06/21/former-citrix-offices-in-raleigh-on-the-market-recruiters-aim-for-corporate-hq/

check out the inside it is really a nice building did not know the inside looked like that

https://www.120westraleigh.com/

perfect for a tech company moving out of high cost markets to really grow 

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RALNATIVE Burg

RALNATIVE

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54 minutes ago, KJHburg said:

this building is going to have fantastic views 320 West South St shown with the crane and rising.  20 stories set a few blocks back from the main skyline it will have fantastic views. 

https://www.jdavisarchitects.com/projects/320-west

https://downtownraleigh.org/development/320-west-south

20230706_115146.jpg

20230706_115818.jpg

20230706_115852.jpg

Glad to see the added height in that area, but dang, can't they be a little more creative with the design?

 

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KJHburg Ecumenopolis

KJHburg

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From the Downtown Raleigh quarterly report 2Q 2023

from the office market side and did not know about this Citrix lease only they were looking to sublease their entire building downtown. 

""Citrix ShareFile has leased two floors at Tower Two at Bloc[83], totaling 54,420 square feet.2 The downtown office market has absorbed
68,936 square feet of Class A space year to date, including 32,052
square feet in Q2 2023.² For Q2 2023, the Class A rent per square foot is
$39.36 with an occupancy rate of 84.4%.1,2
144,410 square feet of new Class A office space is expected to deliver
later this year in the mixed-use project 400H. The project will also deliver
242 residential units and 16,000 square feet of retail space.""

On retail front:

""There were 12 new storefront business openings or relocations this
quarter while another 16 are planned in the near future.1
 Year to date,
33 new storefront businesses have opened downtown while nine
have closed for a net gain of 24 new storefront businesses in 2023.""
 

On the residential front:

""The downtown residential market is expanding with 2,032 units under
construction across 11 downtown projects. The Alexan Glenwood
South, which will have 186 units, has begun site preparation work at 401
W Lane St. Meanwhile, the final stages of construction are progressing
on the Platform and 400H developments which will deliver 442 and
242 units, respectively, later this year.""

https://downtownraleigh.org/do-business/reports-publications-and-plans?   for the full report 

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