TBJ just dropped! https://www.bizjournals.com/triangle/news/2022/05/18/downtown-raleigh-apartments-condos-development.html (updated link: had the wrong one there at first 
)
Pertinent details:
Plans have been submitted to the city calling for a 12-story building with 261 units. Taft Family Ventures of Greenville, which bought three parcels off West Cabarrus and South Dawson streets in 2019 for $5.1 million, has now put forth a site plan to the city.
JDavis Architects of Raleigh drew the plans for what is being called Cabarrus & Dawson Residences. The 1.18-acre property is zoned for downtown mixed-use with up to 12 stories – and the full 12 stories is what the plans show.
In 2019, officials planned for 184 residential units, but that number has increased by about 30 percent with the top 11 floors being used for residences. Plans are now for 193 one-bedroom units and 68 two-bedroom units. The site plan shows retail usage on the ground floor on both Cabarrus and Dawson Streets.
The new building would be 286,775 square feet with a 255-space parking garage. Plans feature a pool on the third floor.