Monday, July 30, 2012

Downtown Raleigh's North End is Booming

A Summary of Recent Activity

The north end of downtown is primed for growth, with land previously used as parking lots for the State and a few large empty buildings just waiting for something to happen. The first half of 2012 produced an abundance of progress, most notably in the Blount Street Commons neighborhood.  The vision of Blount Street Commons has always been to bring people back to the historic neighborhood, and the area surrounding it is expanding as well. 

Lewis Smith House SOLD
Hobby Properties has purchased the historic landmark and will begin renovations prior to taking occupancy as their headquarters. As you may know, Hobby owns the retail parcel along Franklin Street, only blocks away, which is slated for the Person St Plaza project featuring Market Restaurant, Escazu Chocolates and Yellow Dog Bakery.  Raleigh City Farm, on the same land, has already had their first harvest.

Peace Street Townhomes
Looking for a home with a view? These rooftop patio townhomes are proposed for the corner of Person and Peace Streets. Eighteen total units are available for reservation. Contact me for information and buyer representation (this is not my listing).

Holy Trinity Moves In

The renovations on the Jordan House are complete and Holy Trinity church received their Certificate of Occupany this month. Congratulations on a beautiful restoration! The Jordan house is located on the corner of Peace and Blount streets, and the home will be used as administrative offices.


Only ONE House Left!
The Merrimon-Wynne. This home has such a rich history, tied to Peace College as a dormitory in the 1920's, then home to the College President and then Chaplain. Moved in 2008, this home sits on one of the larger lots on the street. 


Row Homes

Live Oak homes is taking reservations for the remaining 8 row homes (2 under contract already!).  These townhome-like floorplans feature private garages, something hard to find in Downtown Raleigh.
Contact me for information and buyer representation (this is not my listing).

 Seaboard Retail Shops
The single story building at 111 Seaboard Ave is getting a new look and will be home to new retail tenants, including a burger bar and a coffee shop.  The new Tylers Tap Room has really brought more activity to this area, and these new shops will add even more value to this shopping center.

Rapid Fitness
A hop, skip, and a jump from the Commons is a new fitness center at the corner of Franklin and Person Streets. Residents can get in a morning work out and (once open) grab something from the market or bakery on their way home.