About a week ago, the city council amended an agreement between the city of Raleigh, Highwoods Properties and Progress Energy to build a parking deck to support RBC plaza. They also selected Stewart Engineering to be the technical engineering rep for the parking deck. The deck will sit mid-block on Martin St. and will have retail space facing the street. Here is a list of the changes to the agreement.

• The eight-story parking deck will now have 1,242 instead of 1,050 as originally agreed upon
• The deck will be built for future abutting developments.
• Total cost increases from $14.17 million to $20.93 million.
• The city will own two shelled spaces instead of one, probably for storage purposes.

Why do we care about this?

This is the first development that is moving forward on the PEIII block and future development must work around this huge parking deck. As was posted earlier this week, demolition of the old buildings here has already begun. I hope the rise in the number of spots for the deck is there for whatever is built around it. This will allow more room for developers to work with as they do not have to incorporate parking into their designs.

Over the past week, there has been some considerable work going on across the street from the Progress II building, the block we refer to as Progress III. Progress Energy owns the majority of the block and has major plans for this area. Possible plans may include a pair of 30 story towers but no renderings or announcements have been made.

Currently the block is being razed except for the storefronts facing Wilmington St. Most of them are closed and I expect them to be either destroyed or heavily renovated to be incorporated into whatever is built on the land behind the shops.

Witness the destruction for yourself. The map I have used earlier to show the construction on this block has been updated as well.

red – razed area, yellow – construction fences

That building used to have a middle section

Soon will bite the dust

Both those buildings used to connect