Spring '15 Developments in Review

With the passing of Memorial Day, and the general consensus of the “beginning” of summer, it’s time to take a look back on Spring's 2015 developments in Raleigh. From downtown to Glenwood and Cary, activity has continued to flow from last year’s boom. Here are a select few projects to keep on your compass:

City Center Tower:

  • Durham’s largest office project of the year, 26 stories high

  • At 300 ft, City Center will also be the tallest building in Durham

  • $80 Million pledged in development

  • Construction beginning in January

Dillon Supply Warehouse:

  • A 2.5 acre downtown Raleigh site used by Dillon Supply is now up for redevelopment by John Kane

  • Plans call for 20 story heights of one office tower, one apartment tower as well as a parking deck and retail

  • Project has been approved by Raleigh Planning Commission and now is in hands of City Council

North Hills, AC Hotel:

  • Another Kane project, this hotel development will be one of the first of its kind in the US by Marriot

  • Contemporary style construction with 133 rooms

  • Opening planned for 2016 next the new office Tower Two in North Hills

Wade Park:

  • The 5th and final building planned for Wade office park, located across from PNC Arena

  • Developed by Andy Andrews, the office building will be 10 stories tall

  • Plans allow for 350,000 SF with expected 30,000 SF floor plates

The Sterling, Glenwood Ave:

  • Located just before the Beltline, Grubb Properties has planned a new apartment building next to the Sterling Apartments

  • The 6 story structure would add 20 rental units to the existing community

  • The 0.87 acre lot would have a tree line buffer between the highway and community

Anderson Heights:

  • Another apartment community, this time in Midtown Raleigh off Six Forks Rd

  • The $27.5 Million project is led by Charlotte developer, White Point Partners

  • Plans call for 182 rental units in buildings of 4 stories

  • Completion is expected in 2016

Midtown Square:

  • Downtown Cary is getting a revamp with a new mixed use project on Chatham St

  • Plans call for a new 25,000 SF office building, as well as a restaurant/brewery in the former warehouse space

  • Plans are currently with the Town of Cary’s Planning Department

That's a wrap for Spring, here's to hoping the Summer is as hot in development and construction!

- Capital Compass

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