[Latest copy/paste from the blog: Construction Update: Raleigh Iron Works Phase 1 - Oak City CRE]
Key Stats:
- Developer: Grubb Ventures and Jamestown
- Asset Class: Mixed-use (office, retail, and multifamily)
- Size:
- Office – 176,000 sf
- Retail – 77,000sf
- Multifamily – 219 units
- Height:
- Commercial – 2-stories
- Multifamily – 6-stories
- Submarket: Five Points
Raleigh Iron Works
This project is one of the largest (and most exciting) adaptive reuse and mixed-use developments happening in Raleigh. Phase 1 includes conversion of two existing buildings into office and retail and the construction of a new multifamily project.
The Buildings
The two existing buildings on the site, dubbed “Double Gable” and “Bow Truss”, are being converted from warehouses into two-story buildings with office and retail. The Double Gable will also have an atrium cut into the center of the building. The names of the buildings come from their rooflines. The Double Gable has two gable roof sections built in parallel and the Bow Truss has a single rounded bow truss section supporting the roof along the length of the building. Neither one of these roof section details are common and are tied directly to the history of the buildings.
The multifamily building is new construction with five-stories of wood frame apartments over a concrete podium that contains the retail and amenities. The multifamily homes surround a precast parking deck that provides shared parking to the entire project.
Progress and More Info
I swung by the site in early July with the pole-cam to take the progress photos you see below. For additional information including renderings and a video, check out the project website: https://www.raleighironworks.com/
