The American Heart Association?
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What’s crazy is that with the Exploris site wanting to add like 50,000+ SF of retail I believe and then the DMV site having the potential to add substantial retail space, there is hope.
Personally, I would love to see more neighborhood retail, small business like Little Native Coffee and The Raleigh Wine Shop. I’m really excited to see what two retail tenants Ben Steel puts in on the corner of Haywood and Lenoir Street.
It’s disappointing that most of the RX zoning is not being redeveloped into mixed use.
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I read this complete article and they blame interest rates but as a Realtor I call bunk on that. People buying $1 Million townhomes usually put down a good bit of money and less sensitive to interest rates than a first time buyer would be or first time move up buyer. Buyers in this price range in Raleigh already own homes and I do think it is pricing of these units.
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From my discussions with agents, it seems the $700K–$1.5M segment is largely stalled across all product types. Buyers in that range are highly payment‑sensitive and they usually need to trade out of something. Above $1.5M, the market is performing much better because transactions are dominated by cash buyers who are less affected by financing conditions.
Below $700K, demand is soft for a different reason. The rent vs own cost gap is still wide enough that many prospective buyers hesitate to make the jump. First‑time buyers are beginning to re‑enter, but they’re cautious. So many have watched friends purchase new‑construction homes at $600K in 2022-2024 only to see the final unsold units discounted 15% to clear inventory, effectively erasing most buyers’ equity (especially painful for those who put just 5% down). That dynamic makes buyers wary and it’s contributing to the slow recovery.
The question now in relation to the Woodsborough project is for the seller of the townhouse at 706 E Hargett. They have been trying and now priced the same as the single families (I would argue the TH is nicer, having toured both), but I feel the townhouse still has a lot of price dropping before it sees activity - far off their $1.125M list in 2024.
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I agree. The eradication of the middle class has pretty much spelled the death of traditional post WW2 American ideology. So you should be ashamed for belittling people in dire straits.
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Most of what you say on this forum in various topics reminds me a lot of the line from Billy Madison:
What you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this forum is now dumber for having read it. I award you no points, and may God have mercy on your soul.
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One of my all time favorite movies from my childhood, and the best possible response to that post!
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Why? Because it exposes the real true nature of this gaslighting town… I don’t believe in the euphemism of the term NIMBY. I believe we should deal with the social elephant in the room. Let’s stop playing facetious games.
Historic communities. Okay.
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I live on the southeast edge of downtown and I couldn’t agree more. Even just a grocery store would be huge. Publix is great, but walking there from here is an 1hr+ round trip from this side of town.
I’m still holding out hope that a grocer goes in at the Moore Sq East site eventually. I’m no expert, but seems like we have the best chance of getting an urban-format grocer location there. The 15-minute walkshed around the DMV and Exploris sites are currently almost entirely SFHs, so could a grocer be convinced to buy in there without tons of parking?
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I reached out to you over DM. I have suggestions for you. Please see my note.
I wouldn’t use Woodborough as a gauge that housing prices are coming down. Those have been on the market for nearly 4 yrs and the developer has barely sold any of them. In that time they’ve been through about 4 different real estate firms.
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The methodology behind those statistics is questionable, especially considering that the wealthy upper class in the United States has gained wealth at an exponential rate, however the “Majority” working class have suffered.
Why isn’t Lincoln Park considered a historical community?
Dude, leave the forum. Please. The only person I see CONSTANTLY belittling people in here is YOU. Leave.
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I’ve lived your pain before Publix was built. When I was at the Cotton Mill, it was about an hour round trip walking to the Harris Teeter on Oberlin.
Clearly the immediate east side of DT needs more demand/residents to entice a grocer, but that isn’t likely to come from 10 unit townhouse projects alone. The east side needs larger projects to break through in order to tease the retailers into action. The west side was fortunate to have Kane do both at Smoky Hollow, and that has only enticed more development in the walk shed with the Creamery tower under construction, and future development immediately north of Peace on West St. rezoned, in addition to the condos and apartments that preceded it, and all of the 5over1 apartments since built.
Ideally, a comprehensive and mixed use development would happen near the first stop east of downtown on the BRT line. The former DMV site would be nearly ideal because it could also continue to the block south that’s just east of Moore Square. This would allow for a Smoky Hollow scale development or larger. The only issue with this location would be that the BRT stop isn’t right at it if I’m reading the maps I see online correctly. The first stop outside the core seems to be closer to the Exploris school site.
If a grocer were located at this new project, it would be less than a mile from Publix downtown, but would be transformative for the area. Not only would it provide a walkable location for all of the east side downtown residents in the core’s towers, it would provide a reasonable, walkable shopping location for most able bodied people west of Tarboro St.
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This is the median income not the average income. Upper class wealth does not distort the statistics
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Will the median income have any affect on the economic redlining in these specific communities? Probably not. There are too many social factors that have attacked these communities.
Are minority communities considered “historical?” Interesting…
what are you talking about? ‘redlining’?
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A good while back, I went looking for the redlining maps of Raleigh from yesteryear. I couldn’t find one no matter how hard I tried. I could find one for Durham, but not Raleigh. It took me a while to figure out that Raleigh was below the population threshold for an official banking redline map. Geeze Raleigh has grown!
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