Those condos do sell. As high as they are. And at least they have a condo option in Downtown Durham. We are way behind in Raleigh for our offerings downtown on the condo market. At any price point.
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If so, then they must be like 299 ft tall, because theyâre visibly taller than any of the 20-story boxes weâve been getting. I had assumed they were both in the 300-399ft range.
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Durhamâs height limit of 300â is higher in practice than Raleighâs 20 floor limit. Only 20 floors of office will get to 300â. Otherwise, with any residential, it will fall short.
The short sighted hastily adopted zonings determined the destiny. Probably most of Raleighs 20 floor boxes couldâve been 27 floor 300-footers if a few numbers on a piece of paper were different.
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The recently released pricing for the apartment portion of The Novus is nearly $4/SF. An impressive rate that reflects a growing segment of renters by choice. Many would rather pay $5,000 per month in rent than commit to a $1.5 million purchase with an $8,000 mortgage payment for urban living. If renters in Raleigh were willing to pay at that level, we could see some truly remarkable buildings emerge. The quick leasing of penthouses at Maeve further demonstrates the strong demand for ultra-high-end rental products in the Triangle
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That Maeve PH must have a great view! I am guessing that itâs north & east facing to take advantage of the view.
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Here is an N&O story on the new building, which is now open for leasing. Most of the condo are sold - with just 8 left. The retail is mostly filled too, though it is all health and fitness places, cycling, pilaties, and yoga/smoothies. This is where I read Durham has a 300 ft limit, and both the new buildings are just under the limits. Rental prices start at $2080 for a studio, with condos starting at $919,000.
They are both good looking buildings. I hope the Creamery project looks as good. Here is the the article link for everyoneâs enjoyment. .
https://www.newsobserver.com/news/business/real-estate-news/article306008361.html
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Pardon my language, but are you fucking kidding me. This makes recent 100+ year old building losses in Raleigh and Charlotte seem like minor annoyances.
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Yikes - pretty useless âarticleâ - figured theyâd give some insight as to WHY itâs being torn down (structural damage from the hurricane that couldnât be repaired safely? WHO KNOWS) - but the article does say this:
"On Friday, Channel 9 crews spotted workers trying to salvage some of the wood from the historic hotel.
The town of Blowing Rock said the new owner wants to build condos and a forty-room hotel on the site."
So itâs already in process and there are redevelopment plans in the works. What a shame.
I went to a very very fun sorority formal here back in the late 1900s. It was a crazy, rambeling place with lots of room for mischieve. What a sad thing to lose such an old grande dame.
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That is not reporting. What a lazy uninformed news release. They were not able to make renovating the entire hotel financially feasible. So they are tearing down the western wing and doing a major beautiful renovation. Youâre going to love it!
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Your reminder to plan a visit to western NC this summer. They need the tourists and this is a support to recovery efforts.
[Summer tourism in Western NC comes full of economic uncertainty]
couple recent photos from my last overnight to Asheville.
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i like the couple of tall buildings Durham has, but the downtown area where theyâre located is MINISCULE. I mean the towers are nice and all, but Iâve driven visitors thru the area or picked up friends from their Marriott who came in at night and theyâre like âThis is it?â.
I would rather have their ballpark than their towers. We have enough rezoning approved to last 50 years of construction here in Raleigh. Itâll come.
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But I wonât be alive in 50 yearsâŚ
This 100%.
While I doubt in my lifetime that Raleigh will have a downtown stadium (not Downtown South), we can continue our march toward a more walkable and experience laden collection of downtown districts. As one gets older, there certainly isnât as much runway for change to happen, but change is happening. At the end of the day, Iâd much rather be in Raleighâs position as it has a wider actively developing footprint downtown that stretches from N. Blount to Dix Park/Lake Wheeler, and from Glenwood South to the Old East side. Our DT development is spread across downtown and sometimes itâs difficult to feel the change/progress, but itâs happening. Smoky Hollow Park will spark development along West St.: stretching the perception of downtown to its northernmost official boundary. The new RedHat Amphitheater and convention center expansion will breathe more life into near southwest side of downtown, and the coming tower to Glenwood South will start to change the dynamic of the neighborhood. I just hope to live to see a more fully realized and connected downtown experience without gaps.
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I donât find anything beautiful about the Kardashians.
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I wouldnât put much stock in a statement from someone who thinks the Kardashians are beautiful
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