Raleigh, NC is experiencing a surge in downtown construction as we enter 2012. Not to be confused or compared to 2009 or just a few years ago when growth rates were double digits and the where at least 8 skyscrapers (30+ stories) green lighted for the downtown area schedule to construction. All of these projects have been abandoned or on hold until our growth rate increase from the low single digits. Don’t misunderstand however, there a dramatic pick up in Residential home and multipel housing development inside the 440 belt line. Glenwood South will see three new construction projects, in fact these projects have already started. Two large apartment complexes with somewhere around 250 units each. These complexes are located just off Glenwood South on Boylan Ave. On St. Marys street they have broken ground on yet another new complex. At this time I am not sure if this will be a Condos or apartments complex, it will however be mixed use with commercial and residential property. Check back for an update.
On the corner of Oberlin and Clark in the historic shopping center of Cameron Village they have broken ground on yet another mix use apartment complex with somewhere around 150 units. This was to be a 12 story condo building but the place changed to apartments. This would be an ideal place to call home with incredible views of the Cameron Park and downtown area not to mention walking distance to anything you can imagine.
Downtown off of Moore Square in what was being called the Edison Building will be yet another 250 unit + apartment building mix use. This was to be a two separate buildings. A 33 and 44 story building but obviously the plans have changed. The current projext will be on the south end corner of Davie and Salisbury St.
Please check back for further updates or just give me a call. Patrick Lawson, 919-669-3937
A casual look for what is going on in downtown Raleigh. Of course I am here for your Realtor needs too!
Thursday, February 16, 2012
Thursday, February 9, 2012
More Good News for Raleigh, NC
Image via WikipediaHey all, the ship is starting to right itself. Just report by Inman News. Raleigh and Cary are on the raise. It was just reported that Raleigh and Cary are experiencing a gain in home values of more than seven percent. SEVEN PERCENT!! Do not miss this train. The RTP and the greater Raleigh area will be the first to take off when this economy starts to recover. My office is located in the Five Points area of Raleigh. As I drive and show property I see growth everywhere. There are four major projects that are coming out of the ground now that I am aware of and several more on the books. Clayton is on Fire!! I can personally tell you, that this was not happening at the same time last year in 2011. I am excited and I hope you are too. Call me, Pat Lawson, 919-669-3937!
Monday, February 6, 2012
Another Great Opportunity in Downtown Raleigh!
Hey Guys! I pointed out the great opportunity on 815 Whitaker Mill Rd and now it is gone! Someone got a winner there. Don't wait. Here is another. This one is more of a land deal on .76 acres on Capital Blvd. Rent the property and wait until the market rebounds. This is a bank owned property at 259K with a tax value of 412K. Hot Dog!
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