Hotel slated near NCSU's Bell Tower
Posted August 23, 2011 10:53 a.m. EDT
Updated August 23, 2011 10:56 a.m. EDT
Raleigh, N.C. — North Carolina State University has selected a local real estate development team to develop a mixed-use project across from the Memorial Bell Tower as part of a continuing effort to revitalize Hillsborough Street.
The project by Bell View Partners and The Bernstein Cos. will include a 125-room premium hotel that will cater to university and Raleigh visitors. The hotel will be complemented by street-level retail shops and a signature restaurant, officials said.
The new hotel will be on Hillsborough Street between Enterprise Street and Maiden Lane on a 1.3-acre site owned by the University Endowment Fund. The project will also encompass the Hillsborough Square parking lot next to David’s Dumplings and Players Retreat, as well as the former location of Darryl’s restaurant.
“This is a big step forward in the continuing effort to make Hillsborough Street a destination for the greater community,” Ralph Recchie, N.C. State’s director of real estate, said in a statement.
Last year, Raleigh completed a $10 million project to revitalize Hillsborough Street by adding more street parking and creating traffic circles to improve traffic flow.