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40-Story Mixed-Use Tower OK’d in Raleigh
To make the project work, Dalian Development had to assemble nine downtown Raleigh lots. There is currently a mix of single-story office and retail spaces on-site. The combined 1.12 acres will be enough to build a 40-story building with apartment, office and retail space. The Raleigh City Council approved the project, and stipulated that Dalian could move forward if the company made an affordability contribution.
The Triangle Business Journal reports the new zoning allows for up to 808 residential units, 23,776 square feet of retail space and 739,778 square feet of office space.
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