Developers plan 30-story office tower in Raleigh

Preferred Office Properties, based in Atlanta, announced plans for the 121 Fayetteville tower earlier this week. The tower will overlook the old North Carolina State Capitol and its dome

“We are happy to confirm our plans to develop 121 Fayetteville, a new, landmark, 30+ story office tower along the capital city’s main street,” says Boone DuPree, president of Preferred Office Properties, according to UrbanPlanet.org. “Designed by Duda Paine Architects and leased by Kane Realty Corporation, the cutting-edge building will be iconic and contemporary in form and function.”

Details about the tower are available online.

Here’s the lowdown on five other proposed commercial towers that are in the works as reported recently by WRAL TechWire:

  1. 301 Hillsborough
    This proposed structure is a 20-story office and residential building located on 301 Hillsborough Street, owned by the Fallon Company.
    “The Fallon Company intends to redevelop the site into a large-scale mixed-use project that will include a combination of office, hospitality, multi-family and retail uses,” stated the company’s website. “The first phase of the project will consist of an approximately 300,000-square-foot Class A office building with complementary retail at street level. This phase is expected to break ground in the fall of 2019.”
  2. The Nexus
    California developer the Acquisition Group bought the downtown Raleigh former headquarters of The News & Observer for $22 million in 2017. In partnership with East West Partners, the company plans to redevelop the 1.5 million-square-foot site, deemed the Nexus, into a multi-use building that will feature office and residential space, retail and more.
    Development plans include a 325,000-square-foot, 20-story office tower that will face Salisbury Street with ground floor retail. The first phase of development is slated for a 2021 completion.
  3. Smoky Hollow
    Located at 413 Harrington Street, this mixed-use space will feature 450 residential units and 225,000 square feet of office space, with ground floor retail.
    Under the care of developer Kane Realty Corporation, the nine-story building is in Phase II of its development, bringing more residential and office space to the Glenwood South neighborhood of downtown Raleigh.
  4. The Edge
    Formerly known as The Edison Office site, Edge is located at 313 Wilmington Street and will be at least 19 stories of office space. Highwoods Properties, Raleigh’s largest commercial developer and owner of office spaces, finalized the acquisition in 2016. Edge will sit directly across from the city’s tallest building — the 33-story PNC Tower.
    Plans and a timeline for development have yet to be announced.
  5. Two Glenwood
    Two Glenwood, also referred to as Tower Two at Bloc[83] is located at 607 W. Morgan Street. The 275,000-square-foot, 10-story building, will be used for Class A office and retail.
    Located at the intersection of two of downtown Raleigh’s most prominent streets — Glenwood Avenue and Hillsborough Street — the building’s locale will make it a premier spot for work and play. Development under Heritage Properties, Inc. begins this summer and will follow the finalization of its sister structure, One Glenwood, which is slated for a 2019 opening later this winter.