by William Needham Finley IV™

Development Beat: Condos Coming to South Street, Tractor Sign Saved, Sky Terrace Opens

in Development by

Brought to you by York Properties.


Week of June 4, 2018

Condos planned for South Street

Sky Terrace opens at The Dillon

ITBlake the intern was in The N&O for saving the tractor sign

Davie Street Pub coming soon to former Calavera location

Mixed-use planned near Metropolitan

Wade Avenue Whole Foods set for renovations

Viva Chicken in North Hills opens June 13

Details on Revisn Hotel near Glenwood South

Contact wnfiv@itbinsider.com with news or to be featured in the Development Beat.


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Condos Coming to South Street

Lambert Development, the group behind the luxury townhomes at West + Lenoir, have filed plans for their latest downtown Raleigh venture: a condominium project at 611 West South Street.

According to a source (the renderings we found on The Raleigh Architecture Company’s website) the South Street Condominiums will be a modernist luxurious living space located in the heart of downtown.

Our source (the plans) notes that the development will consist of two three-story buildings housing a total of 87 units (55 one bedroom, 32 two bedroom). The buildings will sit on a now-vacant 1.76 acre site and comprise a total of 105,084 square feet. 126 parking spaces will be provided.

The lot was previously home to Bennie’s Auto Services, Inc. Lambert acquired the land in early 2016.


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Sky-Walking At The Dillon

The Dillon, Kane Realty’s new mixed-use development in the Warehouse District, held a special First Friday event this past weekend to open the Sky Terrace. We obtained this information from a confidential source (see Tweet below).

The Sky Terrace offers stunning panoramic views of downtown Raleigh. While we could not attend the First Friday event, William Needham Finley IV posted pictures from a super exclusive VIP event he attended weeks ago.

5/5 beltline rooftop views at The Dillon. @thedillonraleigh

A post shared by William Needham Finley IV (@wnfiv) on


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Tractor Sign Saved, Thanks To ITBlake the Intern

The iconic tractor (or bulldozer) sign that sat atop the N.C. Equipment Co. building on Hillsborough Street has been saved.

Breaking news: the sign is safe. cc: @n8tastic

A post shared by William Needham Finley IV (@wnfiv) on

We can all thank ITBlake the intern, who created a social media campaign using #savethesign and handcuffed himself to the sign for weeks in order to prevent it from being demolished. He was even recognized by The News & Observer’s Josh Shaffer in an article last week. Here’s a full story on ITBlake’s hard work.

The N&O Praises Intern For Saving Iconic Sign

Davie Street Drinking at the Palladium

Work is now underway on The Davie Street Pub. Located at the corner of Blount and Davie on the ground floor of the Palladium Plaza condos, the new pub will reportedly open later this summer. We can’t glean much about what the new bar will be like based on the permits.

The $110,946 renovation of the space that once housed Calavera Empanadas will be renovated by local contracting firm Carolina Design & Construction.


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Mixed-Use Rises From the Nearby Ashes

Photo: Brian James Patrick Oschwald

Six months after a devastating fire — causes still unknown — destroyed the in-progress Metropolitan Apartments in downtown Raleigh, Banner Development began rebuilding the complex from the ground up.

Many wondered what the future would hold for a 2-acre trio of properties at the corner of Jones and Harrison streets. The properties are currently owned by the NC League of Municipalities, the NC Association of County Commissioners, and the Local Government Federal Credit Union.

A source (The News & Observer) says that the owners joined forces and enlisted the help of national real estate firm CBRE to seek out redevelopment proposals. Those proposals could bring everything from more apartments to a hotel or a new mixed-use project to the corner.

Zoning currently allows for a maximum of 12 stories, but it’s likely this could be changed. Since Banner ignored our suggestion to re-christen The Metropolitan as The Phoenix, it’s our hope that whatever the site may become, the future developers choose to use this brilliant, if obvious, moniker.

Thankfully, Not a Whole Store Renovation

Small changes are in store for the Whole Foods on Wade Avenue. Permits valued around $65,000 were issued to Raleigh’s own Ten Penny Construction for a job described simply as “alterations and repairs.”

We don’t imagine the renovations will be too visible to the public eye. Subcontractor permits list an electrical company, a fire protection company and mechanical and plumbing companies. So it’ll probably involve the building’s sprinkler and mechanical systems. Let’s just hope they’re using organic, BPA-free, non-GMO, fair trade certified, gluten-free building materials.



Viva Chicken Opening June 13 in North Hills

Photo: Don Delphia

A new restaurant offering Peruvian-style chicken will soon open in North Hills. Viva Chicken is known for its “pollo a la brasa, a delectable herb-enhanced rotisserie chicken cooked in a charcoal-fired oven imported from Lima, Peru.” One of our sources (an e-mail we received from a PR firm) shared the menu highlights:

  • Rotisserie chicken (served as a quarter, half or whole) marinated for 24 hours with herbs and spices
  • Sides including solterito (Peruvian corn salad), canary beans, cilantro-infused rice, plantains, yuca or sweet potato fries
  • Signature juices such as herbal limeade (lime, basil, rosemary and mint), Maracuya passion fruit juice and the Chicha Morada (Peruvian purple corn, cinnamon, cloves, pineapple, apple and limes) made in-house daily.

Located at 4361 Lassiter at North Hills Ave, the dining room seats 70 and a patio seats 34. They plan to open on June 13 and will be open daily from 11:00 am to 9:00 pm.

Revisn-ist Future: Glenwood South’s New Extended Stay Hotel

We previously reported that plans for the Boylan Flats apartments in Glenwood South had been scrapped in favor of building an extended-stay style hotel to be named Revisn.

One of our sources (the hotel website) seems to indicate the hotel is for guests who need accommodations for 30 days or longer. Another source (a hotel brochure) promises that Revisn will be worlds apart from the competition, offering everything from smartphone control of the space, in-unit laundry machines, and Amazon Echo Dot.

The 48 one and two bedroom units will boast “fully-equipped kitchens with GE appliances, modern, designer furnishings by Yannis (or is it Laurel?), 4K SmartTVs in the living room and each bedroom.”

If this all sounds fancy, it may be due to the fine tastes of Revisn developer Dicky Waila, who was involved in the mythical Soleil Center, which I covered previously.

Soleil was a proposed 43-story hotel/condominium development across from Crabtree Valley Mall that, at 480 feet, would have been the second-tallest building in Raleigh. The Soleil Center actually made it as far as the permit stage in early 2008 before it was scrapped. Fortunately, Revisn is a little further along, and is expected to open in September.


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