Good news came out today about a new mixed use project to be developed on Hillsborough Street directly across from the NC State Bell Tower. The project, which will be done as a partnership between Bell View Partners and The Bernstein Cos. will include a 125-room hotel as well as street-level retail and restaurant space. It is the latest project announced for the area, which has done a lot of work in the last year to re-brand itself as a desirable place for the greater Raleigh community. Other recent projects in the area include a $10 million dollar program to improve street level parking and traffic flow, the addition of bike lanes and bike racks for better transit options, and another recent development project that would add apartments, retail, healthcare, and a parking deck. All these projects are intended to improve the business and residential potential in the area.
The new hotel announced today will be on Hillsborough Street between Enterprise Street and Maiden Lane on an NC State owned 1.3-acre site. I'm looking forward to seeing more activity in this area, given it is a vibrant community anchored by NC State with the potential of growing and attracting other sectors of the population. The map below shows the area which will be used for this mixed use development.