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Downtown Raleigh growth looking mighty bright

Posted August 21, 2008
Updated August 22, 2008

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— 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.

27 Comments

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  • Frank Downtown Aug 26, 2008

    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!

  • wakemom Aug 22, 2008

    ncwebguy,

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

  • ncwebguy Aug 22, 2008

    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.

  • pack-man Aug 22, 2008

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

  • dpknc84 Aug 22, 2008

    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.

  • jduvroux Aug 22, 2008

    Downtown will never be a successfurl thriving part of the city if they don't fix the parking problem. Their one real chance at revitilization was the RBC Center but the city decided against it. I feel sorry for those who work downtown in the new establishments....never knowing when you will go to work and doors will be locked, like Yancy's or the Depot.

  • jaredg Aug 22, 2008

    i like that raleigh is growing. more opportunities to make money.

  • RaleighRob Aug 22, 2008

    Contrary to animallover's completely ignorant statement. Downtown does have grocery stores, theatres, shopping, and safe family-friendly activities. No, not all housing in downtown is high-end condos for the wealthy. Lots of moderate middle-class housing downtown if you actually try to find it (and don't mind a little less square footage). I am middle-class and definitely not "elite" and I have a wonderful downtown apartment and enjoy living there immensely.

  • Rocknhorse Aug 22, 2008

    I'm definitely more of a country girl, but I can understand the appeal of living in a city. I know many who prefer that lifestyle and I think that's great for them. I don't care for the "big city" look personally. I liked the fact that Raleigh was a big 'little city.'

    As far as feeling safe in downtown - parts yes, parts no. The company I used to work with hosted Christmas parties at some different downtown restaurants over the years. At one, I felt very comfortable walking from the parking lot to the restaurant alone. It was clean, well lit and open. I didn't bat an eye about safety. The other turned out fine as well, but I didn't "feel" safe. As we were leaving (after dark), co-workers would walk any single women to their cars 'just to make sure.'

    I say to each, his own. I understand the appeal for some, but I'm much happier living out in the country w/land, trees and animals, not to mention the stars to make up my evening light show!

  • Space Mountain Aug 22, 2008

    But I do think they need to make sure to make it affordable for everyone to live there.

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