The nearly one-acre property at 301 W. Cabarrus St. has been sold, according to TBJ, to Taft Family Ventures, which hopes to build a mixed-use residential/retail development on the site.
The property is currently zoned up to 12 stories. Taft says they would like to build up to 184 units and at least 10,000 square feet of retail space.
EDIT: These are the parcels in question:
So, will this building become part of the view, or block the view from The Fairweather? I’m guessing a little bit of both.
That’ll be nice, especially the view from the audience at Red Hat.
Too bad we have to lose this beautiful historic building tho…
Well, the building it’s set to replace can be seen in the foregrounds of the forum banner image, so that should give you an idea of how it will impact the view from that perspective (just north of the Fairweather). Twelves stories here would make quite an impact, but not as much as the Kane development in Boylan Heights would.
I think the residents of the Fairweather are really lucky there’s a substation the block next to them. They’ll at least have some type of view for a long long time.
Yeh, something like that substation has its pluses and minuses. On the one hand, it’s a substation. On the other hand, it’s sort of a guarantee that you won’t have a building directly across the street from the best views.
Personally I’d rather have a graveyard across the street from me than a substation.
Something interesting to note here is that North Carolina Railroad claims a 200’ wide corridor across nearly the entire state, with very few exceptions. However, on their website, they do state that “there are areas of the NCRR corridor that are not a uniform 200-feet-wide”, specifically mentioning central Raleigh as one of four towns in the state where this is the case. If you look at the map, this very block seems to be abutting the most constrained part of the NCRR, where the right of way is only 100 feet wide, and by my eye it seems that a corner of this building may even encroach slightly into this right of way.
One can almost be certain that, as this parcel is developed, NCRR will look to protect and expand their corridor. Perhaps they will look to buy or even condemn the back 50’ of this property in order to do this.
Yes. That is one beautiful historic building. I wonder does it have a historic register plaque out front.
The TBJ article actually mentions tearing down the buildings OR repurposing them. Probably similar to The Dillon.
Wow, that’s some fantastic news, and a lot of proposed units. I love seeing new housing getting constructed in the Union Station District!
I wonder if the residents will be issued hearing protection, that train horn right at that spot is insane.
You get used to it. Years ago in college I lived in a place directly behind some tracks. Maybe 30 feet from the window to the tracks. Every night a train would roll by blasting the horn. After a week or two I started to sleep right through it.
This will be a temporary condition, though, since the Cabarrus St crossing will be closed once the West Street extension opens.
Honestly if Red Hat was more permanent I’d pay extra for a balcony facing it. Free concerts!
Shape and size-wise I’m okay with this. As long as it isn’t covered in brown stucco I’m good.
