Special offer

Raleigh, NC Real Estate, Skyline Changes as Raleigh builds UP!

By
Real Estate Broker/Owner with Realty Arts NC Broker License #235526

It looks like Raleigh, North Carolina is on deck to see another downtown tower, the tallest yet.  Today's Raleigh News and Observer reports the initial plans for the Edison will be filed today.   The Edison is being planned and promoted as two eco-friendly mixed use towers across Davie Street from the Progress Energy headquarters building.

Offering a 500,000 square foot block of office space suitable for a corporate headquarters will put the Edison in a unique position.  But also it appears that  a commitment from a corporate tenant will be necessary to bring the plan to fruition.

The developer, Gregg Sandreuter, has succeeded with downtown condo projects, and that gives him a track record and credibility.   But this is a big step and at this time, the time line stretches to 2012 for projected completion.  A long term bet on the future of Raleigh's core area!

The N&O article also offers a recap of other tower projects currently underway.  The additions to the Raleigh skyline will be dramatic, if all are completed, along with the new Convention Center.  Of course the Soleil Center, at 43 floors, will be the tallest, but is located a few miles from Downtown in the Crabtree Mall area. 

The RBC Plaza is scheduled for completion in 2008, between Fayetteville Street and Wilmington Street, on the south side of Martin Street.  "Close to Everything" downtown.

Construction crane towers over the budding RBC Plaza tower, Raleigh, NCRBC Plaza in rear, under the crane.   Location of The Edison, foreground.

The influx with more residents to condominiums into downtown Raleigh will require services to support them.  More than any other issue, I hear that the lack of grocery options downtown is a major drawback to downtown living.  The Capital City Grocery is taking another crack at it, under new ownership.   Perhaps a grocery in one of the new towers would be the amenity that makes downtown Raleigh, NC, even more attractive as a place to settle into.

Added residents to fill the burgeoning condos may be enticed by the development of the Dorothea Dix property as envisioned by those who support the DIX306 proposal, to convert the Dorothea Dix mental hospital grounds into a world-class destination park.  Located within walking distance of downtown, the proposed park would offer respite from the downtown, with room to roam and play.

An exciting time indeed in Raleigh, and in Wake County, NC!

Posted by

.

___________________________________________________________________________________________

Scan the QR Code with your Smartphone to Email MeQR CodeMike Jaquish, REALTOR®

919-880-2769 www.RealtyArts.com

Try my"No Hassle Home Search"

Visit the Triangle Real Estate Forum for hassle-free answers to your questions and discussion of local Triangle Topics.

 

Independent Broker/Owner, Realty Arts

130 Towerview Court,

Cary, NC

Comments (6)

Rita Taylor
None - Sanford, NC
Sanford NC Real Estate - Homes for Sale in Sanford North Carolina

Mike,

I guess Wake will have to grow up as the number of large tracts for development in your neck of the woods is growing smaller each year.  We are starting to see more developments down our way - a new large one was discussed in the local Sanford paper today. 

Jul 18, 2007 02:18 PM
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

Rita,

Think of the load off the roads if thousands more people would live in a walkable downtown.

I've heard of some good stuff going on in Sanford.  Great location for people who want small town lifestyle and proximity to urban opportunities.

Thanks for coming by.

Jul 18, 2007 02:54 PM
Ray Nellum
Envision Real Estate Group, LLC. - Fort Smith, AR
Fort Smith Real Estate

Mike,

Looks like great things are happening in your area!  You do a great job at covering what's hot in your area.  Keep it up.

Jul 19, 2007 01:33 AM
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

Ray,

Thanks!

Yes, lots of great things going on here, that make me glad to be here.

Jul 19, 2007 02:42 AM
Cynthia Tilghman, Realtor® Onslow County NC Home Specialist
Kingsbridge Realty, Inc - Hubert, NC
Hi Mike,
I attended St. Mary's my junior & senior years of high school so I got to know my way around Raleigh pretty well.  Boy, has it changed (and it has not been THAT long, 1989 & 90).  I really do not know how to get around the city any more.  My time in Raleigh was wonderful, of course that is a good time in everyone's life, right?
Jul 20, 2007 12:26 AM
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

Cynthia,

I have wanted to do a few photos of the entrances to both Saint Mary's and Meredith, as they are beautiful.

Traffic has been a deterrent.

Yes Raleigh is changing.

I'm here ten years, and currently daily traffic often reminds me of peak traffic from then.  Capitol Boulevard in particular.

Jul 20, 2007 12:42 AM