Five Points, East End Market, & Raleigh Iron Works

The article says 3.89 acres and I’m assuming that would be the whole corner of Williamson Dr., Glenwood Ave. and Caswell St.

I know the families who live in 1515 Glenwood Ave. and 805 Harvey St. who did not sell their property so by assumption the property that was sold ends there.

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I just looked on iMaps and 3.89 acres is only the Masonic Temple property. I was under the impression that this also included 1515 Glenwood.

Looking at the map, I can imagine a cul de sac off of Caswell St., with houses facing Caswell, and the rest coming off the cu de sac.

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Interesting to consider the zoning for 3.89 acres…

R-4 (current and most of Hayes Barton): 15 SFH
R-6 (small change and still low-density): 23 SFH
R-10 (most of Five Points across Glenwood): 38 SFH

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The article didn’t mention anything about the property being rezoned and claims “The land is currently zoned to allow for up to four homes per acre, which would allow for up to 15 homes on the site.”

The developer is going to cash in big time on this redevelopment, 15 homes in this area average 1-2Million per home and only paying a little under $4M for the property. Of course you have to factor in building cost, materials, etc. but either way this is going be huge for them.

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This property is in a nice sweet spot where you could get to actual 5points and Glenwood South fairly easily on foot. I vote for RX-3! Three story mixed use residential. Not going to happen, but if we planned for what the city overall should build (vs what neighbors would want) we would probably zone that mixed use.

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Oh absolutely. As a Five Points resident, I would love more residential density here and even some commercial/retail space. But I just don’t see it happening and the neighborhood pushback would probably be very much against that.

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I suspect that there may be more money to be had if the developer went a little larger on the lots and priced the home in the $3M range and up. I mean, if a townhouse can ask nearly $2M on St. Mary’s Street, why can’t sfh’s ask $3M+ @ one of the city’s best addresses?

The house on Caswell, immediately north of the property makes for an interesting model that could be replicated along the rest of Caswell street with an almost Charleston type siting of the house. The garage and gated entrances face the street with the house turned sideways. If this is already established on the street, then replicating it would seem like an effiicient no brainer and a model that (if done well) would integrate well into the neighborhood, despite it being different from what’s across the street.

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So you end up with 2 more banks instead of cool stuff.

The gas station to a bank development at 1641 Glenwood is a huge disappointment. No reason why they couldn’t have done a ground floor bank with 2 floors of residential above and still had some parking and drive-thru teller in the back.

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As for the bank, money talks.

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The developper made a last update for East End Market PD, they lowered the little portion of building 5 closest to the townhomes to 5 stories and raised building 6 from 5 to 6 stories, probably because they were not getting as much push back from the people on Mills st vs Cotton Exchange townhomes.

Extract from latest city staff presentation:

Full documents available here: https://go.boarddocs.com/nc/raleigh/Board.nsf/goto?open&id=BZ7SDQ721D7E

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Someone who left Raleigh a few years ago is going to drive by this when visiting some time in the future and say “holy $h!t” when did this get built? :slight_smile: 15 stories there will surprise people. Also probably be viewable from pretty far away driving in and out of DT

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At the Ironworks: The site work is well underway and buildings are stripped down to the bones. Really gives a sense for how huge the buildings are! Should’ve grabbed a picture.

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The auto shop on the corner of Whitaker Mill and Bernard St has shut down recently, cleared out all of the cars on the lot. Anyone know what is planned for that lot?

They’re wanting to re-zone/expand the nursing home/retirement community next to it to include that lot as well

Ah, thanks. I know there was talk of a mixed use project there several years ago. Was hoping that was revived.

I will say that particular nursing home is one of the least bad in the area, so an expansion there is probably a good thing.

The planning commission comity of the whole recommended denial (3 to 2) vote for East End Market PD, mainly because all the zoning conditions were not clearly defined yet.
My understanding of the process is that this is not their final vote. The case will be re discussed at the regular PC meeting on April 13th.
There were a lot of concerns about shade, mainly on the townhomes. I was able to take that screenshot, if you want to see what it looks like:

The study was done at 4 dates in the year, 8am, 12pm and 4pm for each date. You can kind of see at other dates/time on the left in the capture.

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Would probably save $$$$ a year on AC bills for those townhomes :slight_smile:

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Except that they’d be most shaded midday in the winter when you WANT the Sunshine. Honestly, I’d be mad as hell too if that was my home.
With the Sun higher in the sky in the Summer, shadows won’t be an issue.
Finally, as for Sunsets, I don’t give two shits about the “shadows” as the Sun is rising or setting. Those are fleeting.