This morning, the News and Observer’s Jack Hagel reported that Gregg Sandreuter of Cary (hold your boos and hisses) and Cherokee Investment Partners have pitched the idea of a 38-story business/hotel/residential in downtown Raleigh. What makes this note worthy is the that the proposed building will be designed based on the U.S. Green Building Council’s Leadership in Energy and Environmental Design, or LEED, rating system.
The stie of two tower project known as the Edison is tentatively planned for the block cornered by Wilmington, Blount, Martin and Davie Streets. You may have noticed a big pile of rubble there from recent demolision work. The block is currently owned by Progress Energy and in order to begin construction a deal will have to be reached purchasing the 3.6 acre plot. Hagel reports that some businesses will remain on that block, including Raleigh staple Clyde Cooper’s Barbeque.
Construction of the new towers would begin in 2009 if approved by the city.
Other notable projects of Sandreuter include the Dawson on Morgan (home to over 50 condos in the heart of downtown as well as the Borough) and West (in Glenwood South’s entertainment district).
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