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6:08 a.m. • 2-11-12

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Downtown Raleigh growth looking mighty bright


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RBC Plaza
RBC Plaza

The lights were turned on Thursday evening at the RBC Plaza office and condominium tower at Martin and Fayetteville streets in downtown Raleigh.

"It's pretty awesome,” said Ed Fritsch, chief executive officer of Highwoods Properties, which owns RBC Plaza.

The mixed-use tower, which includes RBC Bank and current and future development in the downtown area, cost $136 million.

"Raleigh was a natural place to call home,” Scott Custer, RBC Centura’s chairman and chief executive officer, said.

The RBC Plaza is the tallest in Raleigh. Its illuminated crown was described Thursday evening as a lighthouse beacon drawing people to downtown.

"It is meaningful. It is an exclamation point,” Fritsch said.

Three other downtown high-rise developments are also scheduled to be completed this fall – the $221 million convention center, the adjacent Marriott hotel and the Hue condominium building – and more than 1,000 people could soon be living in the condominiums or staying in the hotel.

Custer said there were no limits to how high the Triangle could reach if growth is managed the right way.

"If we can demonstrate that we have our arms around the infrastructure, our arms around how we manage growth, I think we can grow. We can achieve all the dreams this region has for itself," he said.

The RBC Plaza's grand opening is scheduled for October.

RELATED TOPICS: Raleigh, Fayetteville

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27 Comments


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I lived downtown the 8 years I have been in Raleigh. I would never live in North Raliegh (north of the beltline)its so boring and everything is a facade! But all you people come downtown and throw your garbage in my yard and cause the cost of real estate to go through the roof!

ncwebguy,

hey i am with woodwind side... throwing up clarinet reed. lol

Good fro RBC! Downtown haters, please stop lying.

Stop lying about: - the lack of parking - another 1,000+ space deck opened earlier this week on Wilmington St, with free parking after 7 and all weekend, minus major events. And there will be parking *inside* RBC Plaza for its employees and RESIDENTS when it opens in October. To say nothing of the on-street, free 24/7 parking in the neighborhood east of downtown.

- no on lives downtown - several people on here (including me) live downtown, as do my neighbors. Saying no one lives there proves your ignorance and that you shouldn't be taken serious about anyting.

- there is nothing to do - there are no "scrapbooking stores" but there are plenty of other things to do. And there is even a Starbucks for those that need a chain to provide their coffee.

- it isn't safe - Those rumors about the vicious NC Symphony vs. NC Opera Company turf war are FALSE. The violin players *don't* throw gang signs at the percussion section.

it is quite an ugly building. that whole light at the top looks like an afterthought.

WHAT PARKING PROBLEM?! I'm tired of hearing this same arguement over and over again. There's parking everywhere downtown and it's also free on the weekends and weekday afternoons.

There are a number of city decks and surface lots if you would actually check the cities website. We have more parking downtown than most cities our size and larger per area.

Like every major downtown you can't expect to park right in front of your destination. It's called walking, learn how to get off your wral commenting complain train, go outside, and walk an extra block.

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