New Condominium Complex Spearheads Downtown Raleigh's Latest Effort At Revitalization

Park Devereux is one of the new arrivals for downtown Raleigh. It is also the city's hope for revitalizing the urban area.

"Our goal is to create an urban neighborhood here," says Errol Frailey of the Downtown Raleigh Alliance. "You have to have people here if you are gonna be successful."

The Downtown Raleigh Alliance says Park Devereux and other downtown buildings will provide more options to singles looking for an urban lifestyle and older couples looking for fun things to do, which means more money for local businesses.

Edward Barnard has lived in the Boylan Heights neighborhood for more than 17 years. He says the economic boom is giving him a headache.

"In some ways, it's a good thing, but in so many other ways, it's bad because it's not controlled," Barnard says.

Barnard says the traffic noise and growing businesses are driving him out.

"I don't need the restaurants, the night clubs, the convention centers and the performing arts centers," Barnard says. "I don't agree with that end of progress in this country. It's all convenient ways to spend money."

There could be 62 luxury condominiums built near the Amtrak station once construction is complete. Prices would range from $200,000 to close to $1 million.