Local News

Planners approve new Raleigh high-rise

Posted July 15, 2013 5:39 a.m. EDT

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.