Tuesday, October 8, 2013

Downtown Raleigh News

Downtown Raleigh News 

What's Happening in Downtown Raleigh

Downtown Raleigh is definitely on the upswing. It's not hard to see that the prospect for an improving economy have been in the works for quite a while. There are several new apartment buildings under construction as well as hotels, restaurants, condos and other improvements. Projects like these take years to plan and generally don't move forward unless there is certainty about the future. These are just some of the reasons why we believe now is the time to invest in downtown Raleigh.

Major employers are also relocating corporate office to the downtown area which is bringing more jobs. The tech sector is leading the growth.  HQ Raleigh is a unique concept where tech entrepreneurs can share work space.

The increase in employers and employees has also put a larger demand on the housing market. Downtown Raleigh Neighborhoods, Inside the Beltline, have always been desirable, but with the trend in Urban Living and the development and job growth downtown, prices are on the rise. Downtown Raleigh Real Estate, both residential and commercial have become a hot ticket. Home Search.

Here are just some of the projects underway in downtown Raleigh.

Aloft Hotel Project - Planned opening 2015, this upscale 135 room hotel will be built near the NC State bell tower area on Hillsborough St. 

LexisNexis - The company announced they are moving their Business of Law Software Solutions division from Cary to the Centennial Campus, near NC State.

Citrix - The warehouse District of downtown Raleigh in undergoing major transformations.  One of the largest projects is the new Citrix offices that will be completed in 2014.

Andrew Davidson & Co. - A New York-based analytics firm has opened a satellite office in Raleigh and will be moving into its more permanent space at the Wells Fargo Capitol Center building in mid-November.

Charter Square Office Building - An 11-story, 236,000-square-foot office building is slated to begin construction at the corner of Lenoir Street and Fayetteville Street, in the heart of Raleigh’s downtown business district. Expected completion 2015.  

New Pedestrian Malls - Landscape architects from Durham-based Lappas + Havener have been tasked with redesigning both the Exchange and Market plazas to boost pedestrian traffic and encourage businesses to take advantage of Raleigh’s outdoor space.

Union Station - Raleigh received a $10 million grant to complete its Union Station project, an Amtrak train station slated for downtown.  The project has been ongoing, with this $10 million serving as the final funding needed to complete it.

The Lincoln - Plans are to build a 224 unit apartment building called The Lincoln.  These rental units will further add to the growing popularity of living downtown.  The project is expected to break ground later this year.

Follow our Blog or Follow Us on Facebook to stay on top of what's happening in downtown Raleigh.  We live and work in downtown Raleigh and keep current on future plans.  Contact Us today if we can help you live and invest in Downtown Raleigh Real Estate.