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.
Image via Wikipedia
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 s
outh end corner of
Davie and Salisbury St.
Please check back for further updates or just give me a call. Patrick Lawson, 919-669-3937
