Raleigh extends deadline for downtown tower project
City Manager Russell Allen said Empire Properties missed an April deadline for submitting plans to the city and can't confirm they have the financing to move forward with the 22-story development.Posted — Updated
The city sold a half-acre lot at the corner of Lenoir and Salisbury streets, across from the new convention center, to Empire Properties last year. The developer plans to build the 22-story Lafayette tower, which would mix a hotel with offices and high-rise condominiums.
City Manager Russell Allen said Empire missed an April deadline for submitting plans to the city and couldn't confirm the project has the financing to move forward, so he recommended that the city void the contract and ask for new bids on the site.
But the council voted to give Empire an extension to see if the project could come together as planned.
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