Here are the conditions. In short nothing in this seems to be tremendously restrictive. Still allows for up to 9000 residential units. All these conditions have seemingly been negotiated in good faith, and I expect these parcels to be developed accordingly.
I expect that with relatively low barriers for rezoning south of Downtown, and relatively higher barriers now to the north, we will see the shift in the center of gravity for Raleigh’s development away from NH, Iron Works, and the northern end of downtown, towards Dix and Downtown South, to pick up steam.
Where did you see these for sale? The lots on fuller street are owned by a developer that is trying to get 12 story zoning for a housing development. The single lot for $800k has been listed awhile. It’s owned by a real estate agent that was sick of getting low ball offers, so they listed for what they would sell for.
City’s RFP for the 0.67 acre site at 15 Summit Ave only got 1 submission… for 11 tiny homes in a cottage court. Problem is it doesn’t meet the zoning UL frontage that the city just went through the process to change. So back to rezoning to take away the UL and re-issue a RFP. Apparently there were 10 developers at the pre-submittal meeting. Kinda interesting no submissions that met the more urban possibilities.
Build this cottage court with prefab (fancy mobile homes) and set it up as a co-op for water/sewer so there’s just one utility tap. Set it up for minimal infrastructure expense now, with the expectation that in 5-10 years these units can be moved to another city owned lot.
This could be executed…like done done… in 3 months iF tHe CiTy WaS sErIoUs…