Construction booming as new businesses, apartments come to Raleigh
Posted June 25, 2018 6:40 p.m. EDT
Raleigh, N.C. — Longtime business owners in downtown Raleigh watch each day as new businesses and residential buildings continue to go up around them.
Cable's Frame House is one of those businesses.
"I'm definitely the small guy," said Scott Cable, owner of the frame shop.
The frame house has been in business for nearly 40 years. Cable recently had to move from his old location to make way for a new development.
"They are going to tear that building down and put up 60 apartments, apparently," he said.
The biggest project downtown at the moment is the First National Bank Tower on Fayetteville Street. At more than 20 stories, it will be the fourth-tallest on the skyline.
A few blocks away, crews are putting the finishing touches on the Dillon, a mixed-use project in a former warehouse. And near the frame house, two structures are in the works - One Glenwood and Two Glenwood. Next to those, plans have been submitted for a 10-story mixed-use building.
"It's retail on the group floor, an office and apartment component - all vertical," said James Marapoti, with the City of Raleigh.
Marapoti works with the city to help guide more complex projects through the city's approvals process. There are as many as 30 projects on his list, some under construction, and a few others that may or may not get off the ground.
"I think that is why you are seeing a lot more cranes in the air," he said.
Cable believes it is a matter of time before cranes land around his shop.
"I signed a 10-year lease, but I do not know how long I am going to be here," Cable said.