Price increases due to inflation is probably to blame for this type of change.
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Every single one of my projects has experienced cost escalation, and some of it over the last few years has been brutal. But I canât say Iâve ever seen a building stripped of ALL facade articulation⌠this level of cost cutting is honestly hilarious; thank god I rarely do developer work.
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Well the building is ugly now, so I have faith it will happen.
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RIP to this crownâŚâŚ.
Honestly, with that 9 story concrete monolith of a parking deck, it wouldnât hurt my feelings if this project fell through. 
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This would be Raleighâs version of 434 Park Avenue, only shorter.
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At least the balconies are integrated into the corners and have glass railings. They arenât the crappy little lifeboat type that hang from PNC.
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I guess the question is, how much stake do we put into a rendering vs reality?
And wow, for that entire video to be generated and not actually âfilmedâ, thatâs impressive quality.
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I guess I donât understand the negativity. We have 2 huge towers being built with tons of street-level activation plus the new alley behind the existing creamery building. The parking garage is big but at street level all sides are activated on the street level with retail/dining/bars. This is a total win for the area.
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I agree with you. Glenwood needs this type of development IMO and I think itâs good for the area, DTR and Raleigh. Please proceed.
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Never said I was opposed. Happy to get another 400 footer finally after over a decade.
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Is there long term value in creating an âiconicâ structure for the owners of a building? Do buildings that define a skyline in a city (PNC for us, Empire State building etc) hold their value better than others or is that over such a long time horizon the expectation is it will only reduce profitability in the short term and the developers assume it will be sold off before something like that will pay off?
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This was in todayâs TBJ:
Update on Downtown Raleigh projects
Davis said the company plans to break ground on The Creamery redevelopment later this year but noted that there is a lot of work to be done before the groundbreaking can occur. Turnbridge would start with a 36-story residential tower with 302 units. When complete, the two-tower development will have a 20-story office tower and preservation of The Creamery building at 400 and 410 Glenwood Ave.
As far as the redevelopment of the historic Seaboard Train Station is concerned, construction wonât start on that until at least late 2025. Loganâs Garden Shop will move out of the space at the end of the year. Davis said the company is in no rush and wants to let Hoffman and Associatesâ Seaboard Station development finish up.
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Thatâs exciting the 36 story building will get going. But Iâd be shocked if that 20 story office tower ever gets off the ground. Thereâs just no market for office.
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They reduced the crown but upped the units from 299 to 302. Guessing more premium penthouses were added to make the budget work.
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Crowns on top of these sorts of towers are usually vanity plays. Anything more than hiding rooftop penthouse equipment is not necessary. Iâll bet it was canned to save $.
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There was never a real vanity âcrownâ on this building. The silhouette was made up of mechanical screening, and then the top four floors were slightly inset from the rest of the tower.
The screening appears to have been shortened, but itâs still there. Removing the insets at the top four floors is what had a more dramatic effect on how the massing terminates.
But yeah⌠larger/more units = more rentable sf, and one larger roof & parapet wall instead of three = big savings.
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The new building schematics are up, building shrunk by only a few feet really, still greater than 400 feet but just barely:
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Still gonna be the new 4th Tallest!
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