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City of Raleigh is looking to restart it's request for a 500-room hotel for the convention center. The mayor expressed urgency in this project as lack of hotels is a key issue when it comes getting events.
1 acre 500 rooms so it should be a pretty tall tower--if built.
The project may or may not include a residential tower as well on the second 1 acre lot.
That corridor is about to become extremely dense. It was just announced this week that Dogwood State Bank will anchor dual 20 story towers next to the Duke Energy Center on Salisbury Square. I'm assuming that both towers will be mixed use. Construction for the first phase will begin in May.
Construction crews are hard at work building a new FedEx Ground distribution center south of Wilson at the junction of N.C. 58 and U.S. 264.
“We continue to experience significant package volume due to e-commerce growth and are optimizing the capacity of our network to meet growing demand for our services,” FedEx said in a statement. “The site was chosen because of its ease of access to major highways, proximity to customers’ distribution centers and a strong local community workforce for recruiting employees.”
Massive transformative project reportedly coming to Chatham County megasite
Quote:
A Vietnamese vehicle manufacturer which wants to build 250,000 premium electric SUVs per year in the U.S. may be close to finalizing plans to locate a plant in Chatham County’s Triangle Innovation Point megasite.
VinFast, a private automotive startup founded by billionaire Pham Nhat Vuong, is closing in on an agreement to invest up to $7 billion in a manufacturing plant at Chatham’s Triangle Innovation Point — one of the county’s two megasites.
If it happens, VinFast would mark one of the largest economic development projects in North Carolina’s history.
As first reported by the Triangle Business Journal, VinFast would produce both electric batteries and vehicles at the site. Unnamed sources told TBJ that VinFast plans to occupy more than 1,000 acres in Triangle Innovation Point.
An official announcement from Gov. Roy Cooper’s office is expected within the week.
The company’s full build-out will eventually bring between 10,000 and 13,000 jobs to the TIP site, the 2,158-acre life science and advanced manufacturing park formerly known as the Moncure Megasite. It’s located in southeast Chatham close to the Lee County line.
Busy year for Downtown Raleigh! Besides the 6 current constructions projects in various states of nearing completion including the 20-story 400H, the Acorn Apartments, The Platform Apartments, The Seaboard Station mix-used dev, the new Hilton Garden tower by the Convention Center, and Peace Condos, there's several projects that are set to break ground soon!
The RUSBUS tower is set to start pre-construction in a couple of weeks!
8 BRT bus bays and 435 feet it will be one of Raleigh's most visibly projects.
The 20 story East Civic Tower will also start construction this year.
320 South Street is reached its funding goals and will start construction in next month.
Salisbury Square's phase 1 tower will also start construction soon and will host Dogwood Bank headquarters.
Those are the ones that have solid construction goals this year besides those there will be more construction announcements coming up soon including at least two that will be over 30 story tall--The Creamery towers, Smoky Hollow phase III, and a couple of sub-20 story developments mostly apartments. By 2023, Downtown Raleigh will have more cranes than at any point in the past.
Macy's will establish a 1.4 million-square-foot e-commerce fulfillment center in the town of China Grove. The company expects to employ nearly 2,800 workers at the location and be operational in 2024.
CHINA GROVE, N.C. (QUEEN CITY NEWS) – Macy’s, Inc. plans to invest $584.3 million in a new fulfillment facility in Rowan County that would create nearly 2,800 jobs, North Carolina Governor Roy Cooper announced Thursday.
County officials said the retail giant will build a 1.4 million-square-foot facility in China Grove at the intersection of I-85 and Highway 152.
“We are delighted to welcome Macy’s and its state-of-the-art facility to North Carolina,” said Governor Cooper. “When you combine our robust transportation network with our skilled workforce and great quality of life, economic development wins like these will continue to be celebrated statewide.”
Charlotte Observer: The department store is the latest company to announce fulfillment expansion plans in North Carolina as retailers step up digital and direct-to-consumer sales. Grocer Kroger, home improvement retailer Home Depot and discount retail giant Walmart also have recently announced plans to open distribution centers in the Charlotte region.
Charlotte Observer: The department store is the latest company to announce fulfillment expansion plans in North Carolina as retailers step up digital and direct-to-consumer sales. Grocer Kroger, home improvement retailer Home Depot and discount retail giant Walmart also have recently announced plans to open distribution centers in the Charlotte region.
Thanks for posting this. These type of centers create jobs that pay $70,000 to $105,000 annually for truckers (think 3 to 4 times that amount for the truckers who own their rigs). It's a big deal when a major distribution center opens. It tends to worsen our current shortage of drivers (which then raises the rates for those of us within the industry).
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