Heard from someone in finance at Fallon that phase II is in design right now under Fallon.
Apparently a bunch of developers were in town yesterday. I can corroborate this per a that phase II is happening and sooner rather than later. Iâm not sure why Fallon fired their Raleigh staff but glad to see the dev still happening.
NOOOOOOOOOOOOOO! I was MORE than looking forward to a new developer with some balls to take it over, rezone it higher, and do something actually interesting with the land. BOOOOO!
Incoming GREAT WALL OF PARKING DECK from FAILon. Ugh.
With the changes to existing zoning, wouldnât they be allowed to exceed 250 feet on a second phase? This could easily be a 300+ footer in that case.
I am not holding my breath on this one until we see some type of ASR, filing for permit, etc. So did Fallon fired their local team? I wonder what happened
My first birdie in context of this project knew first hand about the staff being let go and all projects cancelled. Latest birdie is different and confirmed the project is still a go but not sure on why staff was let go.
Still a complete waste in this location not to rezone to 40. Shouldâve been done prior to Pendo tower, but would be especially short-sighted at this point in time.
Itâs not like weâre bursting at the seams with so many amazing 20±story buildings that theyâd disappear in the skyline. A nice well designed one would still be a welcome addition.
To: the preacher. From: the Choir.
Hope to see some renderings for real Phase 2.
I was at the PRESS coffee shop in Durham and one of their employees mentioned that they are opening a location at Raleigh Crossing. Does anyone have any details or heard something?
Oh man that would be amazing. DTR is so short on brunch spots and their crepes are wonderful.
Only details I have are that all available retail spaces in the Pendo building are still sitting empty with no signage of future tenants⊠so itâs definitely possible! Sounds like youâve got the first scoop!
Yessssss if this is true. I love Press! I could totally see them in that building too.
Any news on tenants for this building? Been too quiet on this ground levelâŠ
re: @evan.j.bost (didnât click the right reply button)
The lights in the building look great at night, meaning it seems theyâre filling up.
And I forgot to say a confirmed a couple of weeks ago that Fallon is hot on phase 2 of this project and is looking at other opportunities downtown.
Wasnât there rumors that Press Coffee + Crepes was going to be a potential tenant?
Did your birdie mention if Phase 2 is going to be the same or similar to the previously released designs?
Did not say. I assume still apartments.