Peace Street Condos

Keep getting notices on my real estate sites I follow about 615 Peace units going under contract. They seem to have found a winning formula .

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Thank you @John! How do you like Google Fiber? I have AT&T fiber right now.

I was already looking to move downtown in the next year or so and the opportunity to get in on new construction at that location really made the decision easy for me. I’m extremely excited to be able to walk to so many places!

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Probably will be finished before Oak City Dylan’s Fairweather… :grimacing:

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I am happy with the Google Fiber. I am especially happy that my costs for service, when combined with Streaming TV, has brought my costs way down from a bundled service through Spectrum.

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Just got closing date of Nov 12. :slight_smile:

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So we’re all invited for Thanksgiving dinner?
:turkey:

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Should we all wager on the actual date of the closing?

Also, this is in the wrong thread… :laughing:

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I promise you don’t want my cooking for Thanksgiving… :face_vomiting:

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I already plan to be in town!

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start with enough alcohol & I will eat anyone’s cooking. :beers: :clinking_glasses:

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Congrats @OtherJustin. Clarifying question. Are the parking spots assigned to owners based on first come first served when purchased OR they are first come first served once the place is complete and you either get one that time or park in the Street? I think you know what I’m asking but can’t get my words right.

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Not to usurp @OtherJustin but I was told that it’s first come, first served in terms of spaces assigned to units.
If the developer sells all of the small units first, and is left with larger units and no parking, they are going to have a huge problem on their hands.

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@R-Dub, @John is correct, when I put down the deposit on my unit they gave me choice of which parking spot I wanted. They did also mention there will be on street parking although I’m not sure exactly where that would go. Neither Peace nor Boylan really have the room for on street parking the way they are currently laid out, not that I can recall at least.

I will also add of the 24 units in the building there are only 3 one bedroom units. All the other units have 2 bedrooms. It doesn’t completely solve the parking situation but each unit should get one spot in the garage.

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Except that they don’t have enough spots for each unit. If the top floor penthouses sell last, they won’t get parking, and those are the most expensive units.

As for the street, there’s no parking at all on Peace, and the ā€œfreeā€ spaces on Boylan are limited and usually full. The only ones that seem to be sometime available are on the west side of the street near Johnson. The street parking is used by Revisn, since I think that their situation is similar to 615 Peace, and to a lesser extent by The Paramount when a couple with 2 cars lives in a one bedroom there. All of the 2+ bedroom units at the Paramount have 2 parking spaces, so there isn’t a huge amount of pressure on the on-street parking from them.
It will be interesting to see what happens when your building is occupied. If there are 2 car households, it’s going to be a problem, and I suspect that the Glenwood-Brooklyn neighborhood isn’t going to take kindly to their neighborhood supporting overflow cars on the other side of Peace. If I were the developer, I’d start talks with 510 Glenwood on the use of their deck for residents now.
I get that we have to start thinking about being less of a car oriented downtown, and I support comprehensive plans and programs to head in that direction, but eliminating parking without the rest of the plan is ripe for short term disaster. Just my 2 cents.

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Isn’t this the same forum that laments the parking deck pedestals that take up ~50% of a building? The only way to move away from a car dominated society is to encourage growth that doesn’t dictate car ownership. If my husband and I did not have our kiddos we’d get rid of our car (right now we only use if a handful of times monthly). Let’s embrace projects that encourage the type of community we all want to live in - one that is people oriented by design.

I think it’s a non-issue - in fact, I (personally) celebrate their choice to offer less parking. Let’s see how it plays out (and I agree - a partnership with the Paramount could be a great fix if needed! Good idea!)

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My point is you can’t have a half-baked plan, or no plan at all.
just eliminating parking without a good plan in place to support how people get around a city isn’t good enough. I promise you that these residents will come with their cars. There really isn’t a reasonable option for most people to not have one at this stage of the game.
We must build transit infrastructure & our communities to remove the need for cars before we can expect to eliminate them. Having Publix walkable to this location is a step, but it’s only one step. While I now wheel my urban shopping bag there in 5 minutes by foot, it just eliminates one trip that I used to use my car for. I have promised myself that I will never drive to that Publix. However, If I need more from the store than I can carry/roll, I’m getting in my car and driving to Wegman’s. I’m just being honest here about how my life actually works, and I don’t think it’s dissimilar from others who are striving to use their cars less and less. For the last 20 years, I have driven my cars less than 5000 miles per year. Some years it’s only about 3500. Prior to that, I was easily logging 15,000 a year. I am doing my part.
There’s no way that the Paramount is going to assist in 615 Peace’s potential parking woes because all of the spaces are deeded to individual units. I think that maybe you intended to reiterate my comment about 510 Glenwood??? In any case, that deck also supports Hampton Inn and Suites.

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Yep - just agreeing with your point that shared parking is a great option for many locations where there may be demand at different parts of the day (IE office vs. residential). Allows for more optimal use of an asset and prevents overbuilding. Would also be curious - did Paramount build 2 car spots for each condo? Maybe they would be open to an arrangement if they had ~10 spots not utilized, etc. I feel like seeking innovative solutions will always be optimal to just assuming status quo is best :slight_smile: I also wouldn’t assume the developer is not considering these options. They’ve built many of these projects prior :woman_shrugging:

Bottom line - the developer is taking on the risk and I’m in strong support of less places for cars that get parked 95%(!) on average of their life. Excited to see this project get built and would love to see more like it :slight_smile:

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I’ve not counted the actual number of spaces and compared it against the number of condos, but I do know that 2 & 3 bedroom units came with 2 deeded spots while 1 bedroom units came with 1 deeded spot. There may have been extras that the developer sold to buyers, but I don’t know for sure. I do know that happened at West because I know someone who has a 1 bedroom there with two deeded spots. I think that the Paramount’s small retail space on the corner of Boylan & Johnson also has parking deeded, though I don’t know how many spaces that is. If the building does have any extra parking, I suspect that it’s a onesy/twosy sort of thing, or tied to accessible spaces requirements.

Our fundamental problem is that the USA leads with roads first as a strategy while places like Singapore & massive cities in China lead with transit. If we purposely build new transit infrastructure in a serious way (meaning not piecemealing it together for 3 decades), we can develop transit oriented nodes of housing, retail, commercial office space etc. However, I doubt that I’ll see that in my lifetime.

At this stage of the game, and dealing with what we actually have, the best we can hope for is to reduce the amount of driving some people do when they choose to live in just a handful of places throughout the Triangle.
The north end of Glenwood South (in conjunction with SH) is starting to look like one of the best places to live a less car dependent life in Raleigh, and while not perfect, It’s definitely heading in the right direction. What can’t be walked to locally is less than a mile drive away in CV or even to Target on Hillsborough at just over a mile away. Of course, there are still missing community resources but there is always hope.
If we push residential development without solving for the short (or longer) parking demand, the cars will spill into the streets for ā€œfreeā€ parking. In fact, that’s part of the ā€œparkingā€ solution that the developer of 615 is selling to its buyers. If we push peoples’ cars to the street, guess what happens next? Yep, we’ll have a fight over bike infrastructure because we are losing parking. I have seen this sort of community fight in action and it isn’t pretty, and that’s in a place that far more walkable and less car dependent than downtown Raleigh.

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