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Plans Unveiled for Another Downtown Raleigh Tower

Posted October 2, 2007

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— Plans have been filed for a 23-story mix of retail shops, a hotel and condominiums at the corner of Dawson and Hillsborough streets in downtown Raleigh.

The Hillsborough would become the latest high-rise project slated for a rejuvenated downtown. City planners said Tuesday they would recommend the building for approval by the Planning Commission next week.

Attorney Ted Reynolds is developing the $65 million project, which will include 17,500 square feet of retail space, a 136-room hotel and 26 condos on the top floors. He earlier proposed offices in the building but recast the project in recent months.

"The way we've developed in the last 50 years has been to separate our land uses," said David Diaz, president and chief executive of the Downtown Raleigh Alliance. "That's all changing now. Young professionals (and) empty nesters want to be close to where they work, where they eat and where they want to have fun."

The building will go up on the site of a former city inspections office.

Other high-rises planned downtown include The Lafayette at Lenoir and Salisbury streets, the twin-towered Edison at Wilmington and Martin streets and RBC Plaza on Fayetteville Street. All of the towers are mixed-use projects.

"The mixed-use is more of a tempting use for downtown," said Jim Maripoti, of the city Planning Department. "The footprint of land is finite. They're not inventing new land here. Developers want to have a flexibility of uses."

"The cost of land is very high. If you can buy a couple of acres and put a building 20 to 30 stories (on it), it's really sort of an anti-sprawl strategy," Diaz said.

The Hillsborough's hotel isn't linked to the new convention center going up a few blocks away, but city officials said the extra hotel rooms within walking distance of the convention center should help the facility succeed.

29 Comments

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  • iamforjustice Oct 3, 2007

    Raleigh now needs a mass transit system. It is time we start traveling in the metro by a train. I am tired of driving and waiting at lights, high price gas, crazy drivers, speeding tickets, car repairs...etc

  • readme Oct 3, 2007

    Build UP, resist SPRAWL. THis is a good thing. Do it more, then maybe downtown will be a better place to be.

  • pack-man Oct 3, 2007

    capital bank tower?

  • pleshy Oct 3, 2007

    The floors he took out were the office space. With the RBC and Capital Bank towers going in at nearly 40 stories each of (mostly) office, there was no need to compete.

  • ncsustudent Oct 2, 2007

    I think Honda man wants his Honda to stay on 540.

  • smitty Oct 2, 2007

    The bottom has dropped out on the high-rise condo market nationwide. Maybe this developper didn't get the memo. Wait a couple months, then it will magically become an apartment building.

  • ladyblue Oct 2, 2007

    We don't have enough water to mix the concrete now and they want to add more.... Mercy. We better find some water holes somewhere.

  • rayzer Oct 2, 2007

    Well hondaman stay at home wherever that is (Cary or North Raleigh I bet) because downtown Raleigh is fun and happenin'! And we don't need tired old fuddyduddys down here. We have Glenwood South, City Market, and Fayetteville Street and neighboring streets have exciting and new restaurants opening up more and more frequently. The RBC Plaza is sold out, momentum is building. Downtown Raleigh is the place to be! (But not for tired people.)

  • superman Oct 2, 2007

    Downtown Raleigh is the pits. No place to eat and no where to shop. I wouldnt live there is the rent was free.

  • atc2 Oct 2, 2007

    Disappointing, this was proposed as a 32 story building. I agree with others, the design needs to be different (hopefully it does not look like that ugly "Dawson" condo building next door to where this building is going up).

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