Highline Glenwood and 404 Glenwood at The Creamery

[rgmedd]

There were about 10 dressed up business looking people walking around the property yesterday afternoon.

[wroncsu]

So which currently (or I guess now previously?) existing businesses were in the spaces that this will take the place of? Pine Street Public House/Underground bars, the Ark Royal tiki bar, and the Heat gym?

[OakCityDylan]

Those are all correct but I believe the residential apartments in the back are also being demo’d. From my understanding, they’ll demo what’s in red as it’s the “newer” part of the creamery block with the northern building being retained/protected. What will intially get developed is the taller tower on the southwest corner (green box).

[apbassett]

I believe The Underground is staying as it’s in the “older” part of the building.

[OakCityDylan]

A bit more confirmation here from a couple of birdies, independent from each other:

1 said the ownership of this lot paid off their gap loan which suggests either construction or some other activity

2 said the ownership just closed on their construction financing so I think that all tracks that we’re about to see some significant activity on this lot! Not just demo and gravel parking, but vertical erection!

[Deekay93]

[mike]

The phase 1 parking deck also goes with the residential tower.

[Daniel]

Besides the Omni, I really think this might be the most impactful project in the city that’s in the foreseeable future. It will make a huge impact not only on the skyline, but also diversify Glenwoods offerings. Glad to see it moving forward.

[Deekay93]

Is the blue box where the parking garage will go?

[pBeez]

Anyone look at this photo and think damn - why aren’t we using those tracks for some sort of people mover!!!

[Nickster]

Like perhaps a train?? (I’ll show myself out now)

[RobertSanderlin]

@OakCityDylan

vertical erection!

[aqdillman71]

Quick refresh on what the final product may look like (taken from video on creameryraleigh.com):

[Drew]

I’m probably most excited about this open plaza directly off Glenwood. The late-night crowds really bunch up the sidewalks here.

[Deekay93]

Maybe I’m looking at it wrong. But looks like we probably won’t get the long row of retail until the 2nd phase comes in? To start we’ll only get the 3 spots clustered along Glenwood & W. North Street.

Or do we think they’ll build the retail & parking podium, with eventually adding the 2nd building on top of the parking?

[Drew]

I believe the office and residential share the parking deck, so they’ll have to build it first then add the office later.

[mike]

Just this for Phase 1

[raleighdeveloper]

I attended an event this morning, and the consensus among industry experts and attendees was clear: a significant new supply shortfall is expected across nearly all asset classes starting in 2026. As a result, equity capital, lenders, and developers are now ramping projects back up.

[RobertSanderlin]

Sorry, but this comment if confusing to me…

If there is going to be a “supply shortfall”, why would they be “ramping projects back up”?
Are you saying referring to “supply” as in the current supply of apartments/homes is so strong that everyone is now more willing to finance and build these?

[GucciLittlePig]

@OakCityDylan

vertical erection

That’s my favorite kind