Local News

Planners approve new Raleigh high-rise

Posted July 15, 2013

The downtown Raleigh skyline could be getting a new addition.

Planning Commissioners Tuesday approved plans for Charter Square, an 11-story building on Lenoir Street between Fayetteville and Wilmington Streets.

Developers purchased the land more than four years ago, but had trouble pre-leasing enough space to secure financing for the project.

The building will have about 243,000 square feet of office space and about 28,000 square feet of retail space that will be built on top of an existing underground city-owned parking deck.

Future residential development is planned for the northern part of the property.

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  • Typical WRAL Commenter Jul 15, 2013

    What vacant space? From the Triangle Business Journal:
    "The downtown Raleigh submarket has the lowest vacancy rate of any other submarket in the region, with a Class A vacancy rate of only 5.6 percent in the first quarter. The overall Triangle Class A vacancy rate is around 12.7 percent."

    "

  • 3TeensGrowinUp2Fast Jul 15, 2013

    With so many vacant spaces already, I can't see why they'd approve this. Not smart planning.

  • bombayrunner Jul 15, 2013

    11 stories ... hirise? sounds like a nit.

  • archmaker Jul 15, 2013

    according the international building code, a building 5 stories or more is considered a high rise

    they should change that... McLovin

    its not about your perception of what is "high" its about keeping your tail safe when you are inside one.

  • woodrock223 Jul 15, 2013

    interesting, kinda reminds me of the PNC building

  • McLovin Jul 15, 2013

    according the international building code, a building 5 stories or more is considered a high rise

    they should change that...

  • NCGirl16 Jul 15, 2013

    @westoflyra - if you click on the Raleigh Public Record link above (in the RELATED box) there is an architect's depiction there of what the building will look like.

  • westoflyra Jul 15, 2013

    as an architecture student, I would love to see a preliminary design.

  • boylan99 Jul 15, 2013

    "Of course they approved it. They are greedy and want money. It is all about profits for the Government." whatelseisnew

    Since when did expansion of the tax base become bad?

    Now, what you hope is our leaders don't waste the new revenue.

  • archmaker Jul 15, 2013

    according the international building code, a building 5 stories or more is considered a high rise.

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