Downtown Raleigh is home to the North Carolina State Capitol and a variety of attractions including indie art spaces in the Warehouse District and family exhibits at the North Carolina Museum of Natural Sciences. Classical concerts, opera, and ballet are also held at the Duke Energy Center. The area also has many global eateries, cool cocktail bars, and the historic City Market building.
Downtown South is the first major project for 10 Design in North America. The design firm is owned by French multinational Egis and has studios around the world. One of its Miami studios is headed by Ted Givens, a native of Raleigh and graduate of N.C. State University. He is part of the design team along with Le Conseil EGIS, McAdams, and Stewart.
The development plan for Downtown South includes residential, office, and hotel space. The developer also has plans to redevelop the Fayetteville Street District. The development project is expected to cost $2.2 billion. Bobby Good, who founded Raleigh Commercial Realty & Development, said that the company has big plans for the area. The developer said that it plans to build three new vertical projects in the area. Two of these projects will be located in Downtown South, but will also be part of the Southern Gateway, a project that will expand the City of Oaks to the south.
Downtown South’s three tracts of land total 140 acres, and are located near Interstate 40 and South Saunders Street, less than two miles south of downtown. The development will be connected to the city’s greenway system and the future bus rapid transit line. However, some downstream neighborhoods are concerned about the development. One of these is Rochester Heights, a historically African American neighborhood.
The Downtown South project is being described as a game-changer in downtown Raleigh. The development would feature a 20,000-seat open-air soccer stadium, street-level retail, office space, and housing. The project would cost $2.2 billion, and could add up to 21.5 million square feet of space. There are several controversial aspects of the project. The project requires $1.9 billion in private investment. It will also require $13 million a year in inter-local funds, commonly known as hotel/motel taxes.
The development was slated to include a 20,000-seat stadium, as the centerpiece of a $2.2 billion project. The team owners of the Carolina Courage and North Carolina FC are not in favor of the idea of a tax district for the project. They argue that other grants would not provide enough funding to finance the development.
The proposed development is also facing concerns about gentrification. Despite concerns, however, construction is expected to begin next year. Afterwards, plans for the next phase will be announced. The developers have submitted plans for 400 Glenwood Avenue, which will include a 32-story and a 20-story tower.