by William Needham Finley IV™

Development Beat: Work Begins on Peace, Raleigh Plans New Government Complex

in Development/ITBNN by

Brought to you by Rufty-Peedin Design Builders.


Week of February 19, 2018

Permits issued for Peace (Smokey Hollow) development

The Creamery building sold

Raleigh is planning a new civic campus

Regal North Hills is getting new seating

Work begins on Raleigh’s newest fire station


Advertisement

Work Begins on Peace

In early 2016, Kane Realty announced plans for a new residential mixed-use development along West Street just north of downtown. Initially named Smokey Hollow in honor of the long-gone neighborhood, the project was later renamed “Peace,” and although permits issued last week hinted at yet another name change, we were told by Kane Realty that the official name is Peace.

On February 13, Clancy & Theys Construction received a total of nine permits with a combined listed value of $192 million that will allow for the construction of the first nine phases of Peace.

According to the permits, the phases are as follows:

Construct an 11-story shell building at 417 West Peace (the former site of Peace Camera and other retailers) that will host a parking deck and a ground-floor Publix that everyone is obsessed with

Build a seven-story parking deck at 600 N. West, the former site of the Southland Ballroom

Build out the 11-story 417-unit apartment/retail complex, also at 417 West Peace.

The project is expected to be completed by 2020.


Advertisement

Creamery Building Sold

Glenwood South’s iconic Creamery building was recently purchased by a Chicago developer. Northpond Partners finalized their $24.4 million purchase of four parcels, including The Creamery building, which was built in 1928 and was once home to the Pine State Creamery.

Creamery Limited Properties paid just $3.37 million for the parcels back in 1999. The building and surrounding parcels are home to Milk Bar, Sullivan’s Steakhouse, and a law firm. According to the Triangle Business Journal, the developer has no immediate plans to redevelop the parcels, which also include a smaller building that houses Heat Studios gym and two parking lots along North West Street.


Advertisement

Raleigh Planning to Centralize City Government Buildings

The City of Raleigh is planning to build a brand-new civic campus that will consolidate all city downtown administrative services into one centralized location. Before we get into the plans, here’s a timeline of how Raleigh got here:

Currently, the City owns four buildings in downtown. They also lease over $1 million worth of office space in three privately-owned buildings each year. The new campus would be located at the existing municipal building at 222 West Hargett, and consist of three main sections.

At the ground level, a “Piano Nobile” (Italian for “noble floor”) would house activated plazas, a gallery, and council chambers.

Atop the nobile would sit two adjacent office towers, providing space for administrative functions and staff amenities.

Behind these public structures, the City plans to allow third-party development that could include residential, retail, co-working, parking, and office space.

The plan would also see the expansion of Nash Square, which sits across Hargett from the municipal campus, as well as an investment in “lush, walkable streetscapes” in the surrounding area. The City was kind enough to send over a copy of the presentation, available here.

A timetable included in the presentation seems to imply construction could be underway within five years. Sadly, we saw no mention of LaCroix fountains, or references to the downtown canal. We’ll keep an eye on this as it develops.


Advertisement

Sitting in Style at Regal North Hills 14

Regal North Hills 14 is getting some upgrades. A series of permits were issued last week to Bailey Construction for seat upgrades for all 14 of the theater’s auditoriums. We aren’t sure if the seats will be the same reclining style that can be found in the Regal Brier Creek 14 theater. “I don’t care if they recline. North Hills could replace their seats with a bed of nails and I’d gladly sit on those instead of going to Brier Creek,” added WNFIV.


Advertisement

February’s Hottest Permits

Work is now underway on Raleigh’s newest fire station. Mike Legeros, the city’s premier expert for all things fire-department related, has discussed this new station at length in the past, most recently in January when the construction bid for the project was awarded to Pro Construction, Inc. for $6.8 million. The company received permits to proceed last week.

The 18,162 square-foot fire Station 14 will be located at 3510 Harden Road and include three apparatus bays. According to Legeros, while the building construction itself is standard “the location of the building requires considerable site work consisting of grading, filling and backfilling, retaining wall, utilities, concrete parking and fire truck aprons, and concrete sidewalk.”


ShopITB.com

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

Latest from Development

Go to Top