Spring '15 Developments in Review
- Thomas Kenna
- Jun 1, 2015
- 2 min read
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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