CAM Block Redevelopment

Is there any way to look up pending contracts? Any realtors here?

No you can’t look up a contract unless they record it, which is very very very uncommon, sorry. If the buyers file anything like site approval that may include it

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To be fair. Google Maps doesn’t even show the ā€œEnd Racism Nowā€ street painting.

Google Maps imagery is from 2019 still.

Google Earth on the other hand is 2021.

I’m 99% sure the 3D google earth imagery above is also a bit older tbh so they may not have. The scrubbed look may be because the cars are scrubbed out in Google Earth 3D

Yup. Can confirm this imagery is from 2019…look at Smoky hollow.

Developers with that kind of mindset should frankly invest in a different city. We’d be better off.

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I heard this morning that this block went up for sale a couple of months and it’s under contract now with a local developer. Broker didn’t feel comfortable saying who is buying it out

Does anyone have any intel?

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Hopefully not the one that starts with H

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Maybe this is the resi project I heard about??
A stretch, but excited to hear what comes of this transaction in the coming months.

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They who shall not be named…

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@dtraleigh, I think we need a HW reaction/emoji.
:joy:

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I was going to say, would that be HW’s first resi project? They’re pretty well pigeonholed as an office REIT as far as I know. No I have not spent the 2 minutes googling to confirm this easily accessible info

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General question… for the 300 block of West Martin St between Harrington and Commerce Pl…

Boyette building for sale:

And also I assume Raleigh denim would be vacating their large space at 319 W Martin with their relocation to Dupont Circle?

Something to keep an eye on? (Also, mostly owned by Empire so probz nothing major?)

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Honestly, I would hate for either of these buildings to be razed. It’d be one thing if a redevelopment were to save the facades, or even better, save most of the buildings themselves and build up from a setback, but I love the grimy old warehouse feel these particular buildings add to the Warehouse district. I’ve always envisioned a cool retail space in the Boyette Building here.

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Same. Although of the two, I like the Boyette building more and afraid that would be more in jeopardy with a $3 million price tag. Empire owns the other one and they don’t build anything so it’ll stay.

I’d be in favor of something like this from MA architects (same from the Creamery project) on that block.

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I spy my old office in that picture!

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Hell yes, this not only looks incredible, but also completely preserves the look and history of the building while allowing for denser, more mixed use. Win/win in my book.

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So, my office was right across the street while this was being built. The big struggle is that building like this is EXPENSIVE. The amount of equipment and maneuvering it takes to build a modern building within a historic shell, especially on a relatively narrow street, is usually only justified by the kind of stratospheric land values you get in Manhattan.

There’s actually a similar one going in on Madison Square right now: One Madison Avenue's Vertical Expansion Set to Begin in Flatiron District, Manhattan - New York YIMBY

And of course, there’s the best of them all, the Hearst Building:

That said, if you can knock out a couple of walls to allow ground-level material/equipment access without it looking like a sad facadectomy, you’re in business in a place like Raleigh.

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Don’t think I saw this one yet, saw it on LinkedIn this morning. Here’s the link from the screenshot too.

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It’s been floating around, was posted in this thread a loooong time ago so I doubt it’s at all accurate, more of a ā€œwhat’s possibleā€ rendering.

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Yep I remember the renderings before, feel like they always get brought out for this plot. Just wanted to call out the purchase price from the article. Hopefully Tidal does something here as their other work looks cool.

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