Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
As recently seen in TBJ, if you are a millionaire ("accredited investor") with $100K+ in unrealized capital gains burning a hole in your ample wallet, you can get this tower out of the ground and perhaps save a bit on taxes. Just have your people call their people:
Four more skyscrapers could be coming to Raleigh, but they wouldn't be part of the city's downtown skyline.
Kane Realty plans to submit a rezoning application that would allow the developer to build two towers up to 40 stories tall, one up to 30 stories and another up to 12 stories in North Hills.
The tallest building in Raleigh is the 32-story PNC Plaza downtown.
The proposed 40-story buildings would replace two parking lots along Six Forks Road. The 30-story building would be at the back side of the development, along Interstate 440, while the smallest of the four would be at the north side of the Lassiter at North Hills shopping center. https://www.wral.com/north-hills-see...line/19876350/
What's cool is that you can now see the North Hills cluster of towers as far away as Rolesville on US401 Southbound.
In the late 80s I was the airport shuttle driver for the North Raleigh Hilton.
My passengers were some teenagers from some Northeastern city and after asking about where a golds gym was I replied that there was one out on Durant just outside the city limits.
They smirked and said, "What city?" as an insult to the tree-filled Beltline that didn't qualify.
Later that night they wanted me to take them to Burger king up Wake Forest road and they'd walk back to the hotel.
I was happy that on the walk home was the one little instance where you could see one building the 21 story white with black vertical windows building in the distance at nightime.
In the late 80s I was the airport shuttle driver for the North Raleigh Hilton.
Back when that hotel, the former Holiday Inn at Crabtree, the Marriott at Crabtree, and the long-gone Sheraton at Crabtree were the only upscale hotels north of the Beltline! Well, I suppose the Royal Villa that's now Providence Baptist on Glenwood would count, too. (That's the hotel with the massive food poisoning outbreak in 1977.) Any others?
Capital Square plans to develop a 20-story multifamily tower at 320 W. South St. in Raleigh’s Warehouse District. The 297-unit development is slated for completion by June 2024. Capital Square plans to break ground on the approximately $121 million project in April 2022.
The development will offer studios, one-, two- and three-bedroom units. The apartment community will also feature 8,384 square feet of ground-floor commercial space, as well as an adjacent, standalone parking tower with 437 parking spaces. Community amenities will include a swimming pool, roof.
Turnbridge Equities filed site plans for The Creamery this week, calling for a pair of mixed-use towers in Glenwood South.
Enlarge
Turnbridge Equities filed site plans for The Creamery this week, calling for a pair of mixed-use towers in Glenwood South.
c/o Morris Adjmi Architects
In This Article
Residential Real Estate Industry
Retailing Industry
Construction Topic
40 Under 40 Topic
CRE Brokerages Topic
CRE Developers Topic
Retail Development Topic
More
By Caleb Harshberger – Staff Writer, Triangle Business Journal
Sep 30, 2021 Updated 2 hours ago
The New York developer behind the planned development of the Creamery site in Glenwood South has filed site plans with the city, calling for a pair of mixed-use towers with the tallest 32 stories tall.
Turnbridge Equities filed the plans this week, titled The Creamery, showing the addition of a 32-story residential tower and 20-story office tower altogether totaling around 976,000 square feet of space.
“We’re excited to take the next step in our development around the historic Creamery,” said Jason Davis, Turnbridge Equities Managing Director. “Turnbridge is eager to develop a best-in-class retail, office, and residential project that will add to the vibrancy of Glenwood South and make the neighborhood an even better place to live, work, and play.”
Developers hope a planned 40-story tower will become a significant project that expands the northern edge of downtown Raleigh.
The Raleigh City Council unanimously approved the rezoning request for the 1.5-acre parcel Tuesday. The building can now have 40 stories instead of 12, and up to 1,466 residential units and 1.7 million square feet of building space.
Located at 506 Capital Blvd. near the intersection of Peace Street and Capital, it sits directly across from the planned third stage of Kane Realty’s Smoky Hollow development. The first phase of Smoky Hollow includes the recently opened Publi
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
