Since this is next door and on the same block I will put this here from the Triangle Biz Journal.
"Raleigh City Council recently approved a rezoning for a property at 423 S. Blount St… The original rezoning request was for 12 stories, but City Council only approved 68 feet above the first three stories, equating to about seven stories.
Al-Awar, with Blount Property Partners, said he is “excited to revitalize this part of downtown,” and make the hotel fit in with the rest of the neighborhood in a way that honors the history of the area.The hotel he plans to build will include approximately 90 rooms, along with retail and restaurant spaces on the ground floor. He plans to start construction next summer and open in either late 2026 or early 2027. Al-Awar has been vetting hotel management companies for the past year and a half. He said the design of the new hotel will have a “more European, modern aesthetic.”"
New Downtown Raleigh hotel with restaurant coming to Blount Street - Triangle Business Journal (bizjournals.com)