Development News in Raleigh

Taz has an idea about the future of downtown Raleigh and a great one at that. “What if I took your modern suburban supermarket, broke it into four different stores and spread them around in Downtown Raleigh” he stated on Friday. Taz already has one of the four pieces in place and the second one had its soft opening this weekend and will officially open, this Friday, July 4th.

Nothing says ground breaking like Mayor Meeker and fellow council members with shovels in hand.  Photos of the groundbreaking ceremony and cookies(?) after the fold.

Crescent Resources, a joint venture between Duke Energy and the Morgan Stanley Real Estate Fund, applied for an amendment to the Cameron Village streetscape plan, allowing for new construction up to 120 feet tall at the corner of Oberlin Road and Clark Avenue. More…

Powerhouse Plaza came to the public’s attention this past fall.  Architect Gary Cline had teamed up with Cross Williams Jr., a longtime developer, to present the city with a hotel concept that was appropriate in scale and dramatic in presentation.  Powerhouse brings something special for citizens though - a sprawling Rooftop Bar and Restaurant.  Yesterday the city council approved the plans for powerhouse. 

More Below The Fold

We’ve received word that the rezoning application for the proposed mixed-use project The Fairview in Raleigh’s Five Points neighborhood has been withdrawn from the city. More…