Has anyone heard of this? I’m most excited about the daylighting of the stream.
A mixed-use urban development that was first proposed late last year took a step closer to reality Tuesday night when the Raleigh City Council voted to rezone the 9-acre site for the project near Dorothea Dix Park.
The new zoning allows for the development of up to 1 million square feet of office and industrial space, 312,500 square feet of retail space, and 152,800 square feet of hotel space and 975 residential units.
The project, called Park City South, is situated between South Saunders and South Dawson streets in southwest Raleigh. Raleigh-based real estate investment firm Merge Capital is the developer.
Building heights under the proposal could be as high as 20 stories, and permitted uses include retail, housing, office/industrial, hotel and open space.
“In addition to the office space, hotel space, residential units and retail fronts, Park City South will expand the potential of Dix Park,” a statement from Merge Capital said. “The development will create community on the edges of the park, and will allow for additional parking for Dix Park visitors.”
The site is made up of 19 parcels and about a third of the land is currently developed. The property currently houses a collection of squat industrial buildings such as an automotive repair shop, detached homes and an architecture firm.
At Tuesday’s council meeting, representatives for the applicants made the case for the project, saying it will bring much-needed development to the southwest Raleigh district and provide a commercial gateway to Dorothea Dix Park.
Representatives for the applicants added that the new project would provide a boost to the city’s tax base.
City Council held a public hearing on the request, hearing from the applicants and interested residents and getting the chance to ask clarifying questions. Several community members spoke in support of the project.
Going into Tuesday’s meeting, the southwest CAC had voted to recommend approval of the project 17-1, while the planning commission recommended denial 6-3, citing inconsistency with the city’s comprehensive plan.
The meeting was council’s first under new Mayor Mary-Ann Baldwin, who has pledged to work with developers.
And another article from October 2018 referencing the development as well:
A developer has ambitious plans to overhaul a triangular slice of land just south of downtown Raleigh, building new office towers and nearly 1,000 residential units on what is currently a mishmash of single-story auto repair shops and other small industrial buildings.
The proposal is from Five Horizons Development, a Raleigh firm founded by homebuilder Stuart Cullinan, and could kickstart redevelopment in the corridor immediately below Raleigh’s urban core, an area governed by the city’s Southern Gateway Area Plan.
The company wants to scrape the property, sandwiched between South Saunders and South Dawson streets, and construct several buildings, while opening up access to a stream and greenway that traverse the 9-acre parcel, according to a rezoning request and development plan submitted to the city.
The application seeks a zoning change that would allow for more than 1 million square feet of office development and 312,500 square feet of retail space on the site, in addition to lodging and residential uses. Building heights under the proposal could be as much as 20 stories.
Cullinan didn’t immediately respond to a call for comment. The application describes the development as having “a creative and design-oriented identity and sense of place where pedestrians take priority” and notes that it would result in dense housing development within walking distance of Union Station and Dorothea Dix Park.