Never would have predicted that a spot on Dawson, next to low-rise Heritage Park, and catty corner from that weird diagonal railroad bridge, would be the place that a residential high rise gets built. Not that I’m complaining. This is awesome actually.
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Glass half full here…
This could be one of those “you’re building in my view”, “shadows”, etc for us down the street. Like Smoky Hollow for the West, it’s not about visuals for me, it’s about improvement of the area, walkability, what more pedestrians brings to the streetscape. I think this project is 95% fantastic for ME. And I agree that it’s also pretty awesome for our city and the area removing my bias.
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I can’t help but think that once DTSouth starts happening, we’ll all be complaining that development is happening there and not in DT proper.
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It me. I worry about that a lot. It’s a little different, because DTS would basically be it’s own submarket with differences from downtown that would draw different kinds of tenants (and probably compete with North Hills imo but that’s for Kane’s business people to figure out). BUT I’ve definitely seen cities that tried too many “new districts” at one time when all those different centers of gravity pulled apart the urban experience in a way that a singular downtown wouldn’t - I’m mainly talking about Columbia SC here but there are others. Granted, those places have other underlying market issues that make it harder to fill up office space but i think it holds up as a working theory
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Agreed. I worried about it right now!
Personally I think the downtown South location is just about perfect for what that development project is, which is essentially a sculpted master plan of an entirely new urban district that is in a much more urban location than North hills. The only issue, which we spoke about in person briefly, is the suburban affordable housing project between downtown South and downtown. However downtown South is looking like a 20-year project, and by that time I could see the development pressure being so high that that suburban model gets redeveloped and it all gets integrated into downtown via South saunders and Wilmington. In today’s context it seems like a threat to downtown, but in the long run I think it will just create more development pressure for the city to spread south. Also jumping over to the latest census data, the trailwood/Tryon/Avent ferry/Lake Wheeler area is one of the densest residential nodes in the city with tons of apartments that will all have access to downtown south via the greenway
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Not the DoSo thread!!!
“shadows”, etc for us down the street
Hardly anybody lives within half a block of this site, between the self-storage, the electric substation, and Heritage Park’s rec center. I guess the Fairweather might get some shadows in winter late mornings?
all those different centers of gravity pulled apart the urban experience in a way that a singular downtown wouldn’t
Ehh, Raleigh is a much deeper market than Columbia SC (so it can fire on more cylinders), and this is way closer than DoSo.
Though in the 2050s, people are going to wonder why there are so many 2020s buildings on one side of the street but not the other, and I’ll have to be the guy from the retirement home talking about the tax incentives we once had back in the day…
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Yeah, to try the “shadows” defense from where we are would be a serious stretch, especially given it’s south and east of us, so literally no shadows will be cast from that building to us.
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Quick update on the timeline from TBJ
$50 of the $121 million cost to come from CSRA Opportunity Zone Fund VI. Work to start next year.
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Are those the actually balconies. Good lord, those will decay in 36 months.
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WRALtechwire posted an article with more information about this development. This article puts the whole development into question the way they phrased it around funding.
“Capital Square, a Richmond, Va.-area company, opened a $48,451,000 fund, CRSA Opportunity Zone Fund VI, to raise equity capital from investors in order to develop the project at 320 West South Street”
The developer also made it clear these will be luxury apartments due to a lack of luxury units downtown.
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Nothing like owning a “luxury” condo overlooking one of the busiest intersections in downtown Raleigh (Western/SouthSaunders)… SMDH
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Yeah they f*cked up wit that one IMO. Especially considering the overall makeup of that edge of downtown…they prolly should’ve just built regular (non-luxury) condos honestly.
And the developer asking the federal government for Millions in exemptions because their project sits in an opportunity zone, then they send out requests for funding, the irony gets thic.
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Luxury now just means a piece of granite in the kitchen, a tile backsplash, and some nice furniture in the model unit… lol. Wonder if they’ll actually be luxury units, or “luxury” units.
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I’m probably in the very tiny minority but I love overlooking streets and just seeing the movement and ebs and flows
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Maybe I’m starting to show my age a bit here, but all that noise, noise, noise, NOISE!!!
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It’s a city! Lol I love the background noise of a city. But a bit confused that they’re calling these condos while TBJ called them apartments.
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Forgive my use of the wording “condos” this article says apartments numerous times, I adjusted my original post.
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