Renovation and new construction are all over downtown. A couple projects have hit some financing snags so the new construction buzz has become a little slow now that RBC Plaza and the Convention Center are so close to opening. While enjoying the present, it is always good to look toward the future. Since empty lots are hard to come by, parking lots will have to do. Here is a short list of parking lots with high potential for development in the near future in downtown.
Sites 2 and 3
The two parking lots in front of the Performing Arts Center are known as sites 2 and 3, with an “extended” Fayetteville St. bisecting the two lots. There are lots of factors to consider here if imagining what could be built. Should buildings be shorter to ‘step down’ to the Arts Center or should we build tall? Should Fayetteville St. continue to South St.?
Davie and McDowell
This parking lot is surrounded by good stuff so it is only a matter of time before something sprouts here. A hotel would make sense because of its close proximity to the convention center. The parcel is pretty large so a true mixed use project would seem likely.
Lenoir and Wilmington
As Charter Square goes up across the street, the increase traffic flow on Wilmington will make this area look very attractive to developers. The block is sort of transitional between downtown mid-rises and neighborhood houses so it will be interesting to see what is proposed here.
The parking lots between Jones and Edenton street occupy two entire city blocks (except for the Haywood House). The western block could be used for government expansion buildings while the eastern block could be used for low-rise townhouses and condos, creating a neighborhood feel that transitions into Oakwood. Plans for a city visitor center are out there but I have not heard of any new information on that topic.
Are there any other key lots out there ripe for development?
- None right now. Must be a new project.
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