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Meh, I'll believe it when there's a hole in the ground. There have been toted plans for Seaboard Station for years but nothing ever really amounts to it.
Meh, I'll believe it when there's a hole in the ground. There have been toted plans for Seaboard Station for years but nothing ever really amounts to it.
Are you nuts? "Nothing has been planned there for years" until PN Hoffman bought the property. They are a major player dude. Are you not "Woke" ?
BTW - Adult men do not say "Meh".
PN Hoffman recently completed a 2.5 Billion Dollar development in DC (The Wharf), and is a major developer. Become WOKE and ENLIGHTENED.
Raleigh City Council approved a rezoning, with strings attached, for a new 40-story-tower in downtown Raleigh on Tuesday.
City leaders unanimously approved the rezoning for the project at the intersection of Peace Street and Capital Boulevard, but only after developers agreed to put affordable housing in the building and a traffic study completed.
The tower is part of the third phase of the Smokey Hollow project. The first phase is under construction and includes a 40,000-square-foot Publix grocery store.
As a reminder PNC Plaza is 32 stories and the tallest building since 2008. Good to see taller buildings in the works. Not more of those 10-12 floor buildings.
A nationally-known hotel entrepreneur is pursuing a high profile hotel and mixed-use office project on Fayetteville Street in downtown Raleigh with plans to spend more than $110 million on an upscale hotel.
Orlando-based hotel development and management firm The Kessler Enterprise wants to be among the firms pursuing a two-tower project recently proposed by the city of Raleigh.
Kessler's plans for the project call for an upscale six-story, 220 to 240-room Grand Bohemian hotel complete with architectural flourishes and a design to complement the adjacent Duke Energy Center for the Performing Arts. Kessler said his group has been working with Raleigh-based TradeMark Properties on the project.
The site is currently two parking lots bounded by S. Wilmington and S. Salisbury streets.
In an exclusive interview, Founder Richard Kessler says the company’s projects put a large premium on high-end design and a luxury experience. “No one can compete with this,” Kessler says.
The company is building a 254-room Grand Bohemian in Charlotte with a build-out cost of about $110 million. The hotel is expected to open in the next couple of months.
Raleigh released a request for interest for the project last month. The request seeks a 500-plus-room hotel and a mixed-use Class A office tower to be built on Fayetteville Street. Applicants could apply to pursue both projects or just the hotel. The room count for Kessler’s hotel proposal comes in at less than half of what the city wants, but he says the city is open to a wide variety of proposals and that the quality of their project makes up for the difference in size.
Kessler officials estimate the cost of the Raleigh hotel will come in somewhere between $110 million and $130 million, putting rooms at about $500,000 a unit. Room rates may hover between $350 and $375 a night, they estimate.
With the neighboring tower, Kessler plans to spend a collective $200 million-plus if its proposal is greenlighted by the city. "We have no problems in financing our ventures," Kessler says. "We work with plenty of lenders."
Plans for the Raleigh luxury boutique hotel include a ballroom, meeting space and restaurants. The Kessler team also plans to apply to build the second tower included in the RFI, whether with a partner or on its own if need be. Together, the towers would likely be six to seven stories.
The layout design for the two buildings would be set back from the street to allow for a public area to be developed. This space could serve as an event venue while also preserving the sight-lines for the Duke Energy Center for the Performing Arts. Kessler says with this design, the city could establish Fayetteville Street as a hub of arts and culture.
“You’ve got one chance to make this the cultural district in your city,” Kessler says.
The company's hotel locations include Asheville, Charleston, Orlando and Savannah, Georgia. Across its properties, the company will employ more than 2,000 workers by April when two new properties are open for business. Kessler clocked in annual revenue of about $130 million.
Across its portfolio, Kessler brings a distinct “bohemian lifestyle” theme to its hotels, often featuring scores of original art pieces, from Kessler's own collection, that includes some 15 Bosendorfer pianos.
Kessler is the former chairman and CEO of Days Inn of America Inc. A Georgia Tech grad with degrees in industrial engineering and operations research, Kessler is married to Durham native Martha Wilson of the C.T. Wilson Construction Co.
Are you nuts? "Nothing has been planned there for years" until PN Hoffman bought the property. They are a major player dude. Are you not "Woke" ?
BTW - Adult men do not say "Meh".
PN Hoffman recently completed a 2.5 Billion Dollar development in DC (The Wharf), and is a major developer. Become WOKE and ENLIGHTENED.
cc: MRBOJANGLES
I know this thread was just bumped, but I'm just now seeing this abomination of the english language. What's your problem man? Go "woke" yourself.
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