The latest iteration for the property at 615 West Peace Street is now a residential building named 615 Peace. One and two bedroom units are planned for an empty site that has gone through a few proposals over time, including a hotel with a controversial rezoning.
Even with the ongoing pandemic, downtown residential occupancy is very strong according to the Downtown Raleigh Alliance’s latest State of Downtown Raleigh report.
The project’s site also mentions ground-floor retail which is refreshing to see on a busy street like Peace. The plans look pretty decent so I’m hoping the condo market makes it happen as rentals still seem to dominate downtown.