20-story rezoning at 521 and 529 S. Wilmington St

New 20-story rezoning downtown, a NY developer plans a mixed used tower.


New York-based Tidal Real Estate Partners, LP is gearing up to file a rezoning request to allow up to 20 stories of development on a collection of parcels at the corner of South Wilmington and East Lenoir streets.

“We plan to build a mixed-use development anchored by a residential component and including commercial uses and parking,” Eyal Einik,principal with Tidal Real Estate Partners, said in an email. “We believe that downtown Raleigh is one of the most dynamic urban centers in the Southeast, and the walkable nature of this site is well suited to a residential project. "

Einik said they hope to begin construction in late 2022.

The property is situated on about 1.5 acres at 108 and 112 Stronachs Alley and 521 and 529 S. Wilmington St. and currently features surface parking next to Charter Square. The land is currently owned by a collection of families and companies.

The developer plans to hold a virtual neighborhood meeting regarding the proposed rezoning on Nov. 3 at 5 p.m. Morningstar Partner Mack Paul is representing Tidal Real Estate Partners. Architecture firm LS3P, with offices in Raleigh, is handling architecture and design.


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