Financing has been secured for Phase 1. $70.6M loan. First phase to be delivered by end of 2022. 7 stories, 300 apts, 30k sf retail.
Edit: hope it still includes the fountain referenced by @RaleighBikeLady last November. This seems to be the Block B that was described in those posts.
I guess this shit is really happening!
Maybe we’ll get a crane here before 301 Hillsborough is dropped.
coming into DT Raleigh from the north now is quite impressive. I’ve been gone for 12 years.
Where is the big hole that all that dirt is filling. 
Digging pretty deep there!
I can see a Mt. William Peace in our future.
O/U on the number of days until we get a crane here?
They should just turn it into a giant pool with a wave machine!
Be kind of dangerous with all the parked cars mixed in with the waves. 
It could be an urban tsunami simulator.
Man you read my mind lol, We been looking into these other projects, but this is looking good just what we need for that area and we all know Hoffman will deliver a stunning product .
Someone who works at a place here told my neighbor that the hotel deal fell through. Not sure how reliable that is, but that would be a bummer.
It would take balls of steel to commit to a hotel project at the moment. That’s zero surprise to me. Raleigh should consider itself lucky that we are one of the places where investment of any kind is coming to its core right now.
Great so basically we’re going to have some generic apartments in a corner of downtown that people forget about already. Sigh. I get John’s point, but it’s frustrating to watch all these hotel projects get cancelled.
These generic apartments are a double edged sword. On the one hand, they are painfully bland; on the other hand, they bring life to the city center that spurs more development. If I were told 25 years ago that there’d be thousands of these units put into the market by today, I would have been delighted. Looking at it in a half full glass sort of way, it’s moving the needle to better experiences overall.
