65 story apartment tower was announced in Austin today. 700+ feet. I think this is a matter of politics than anything else.
1 Like
Every additional story starts adding exponential cost to construction, so we’re going to need proof we can sell downtown Raleigh condos or rent downtown Raleigh apartments for some silly money before something like that even gets on the table for the politicians to think about.
2 Likes
100%…. The market in Raleigh doesn’t support quite yet 30+ story buildings. Politics are the least of concerns for developers…
1 Like
As I understand it City Council votes tomorrow to effectively sell a slice of the sidewalk to the developer so they have sufficient right of way during construction. I’m sure I’m off with exactly what’s going on there (see this post for clarity) but my point is after tomorrow (with an approval vote), there’s nothing stopping the start of this project. Even permits are apparently approved.
The Acorn crane will be next obv but this one will be our next next crane up.
21 Likes
Yea assuming everything starts soon, this is significantly less demolition and site work compared to RUS Bus.
13 Likes
Sending the good vibes this project’s way today!
11 Likes
This project should be good to proceed now.
27 Likes
Saw a little action here this morning.
9 Likes
Ayy. Original article said they were breaking ground in April. So pretty close to the original timeline.
2 Likes
Same crew from the Nash square hotel property
3 Likes
Looks at all that water and soil on the ground!! That would never fly at a hazwaste site. (My inner geologist is screaming right now). LOL “Clean” drilling is very different than the world I operate in.
5 Likes
the they will work it out. drinkable it will be.
says ground breaking June 9
24 Likes
“Free Beer Tomorrow”
1 Like
Barricades going up! The projects I have no faith in go up the, ones I do languish
15 Likes
Bumping this up to the top of the thread for easy viewing of the renderings: Development - Capital Square
8 Likes
Sounds like you need to start having zero faith in all future development projects 
6 Likes