This is part 2 of a 10 post series, rolled out all week, on residential projects in downtown Raleigh. Go here to see all the posts so far.
A project that can be traced all the way back to 2007, The L building is filling in the empty lot around the Wake County Parking Deck at the corner of McDowell and Davie Street. For a history, jump back to earlier posts tagged The L.
Starting off slow to the year but picking up the pace, you can see the apartment units being put together. There will be around 80 total units above 8,000 square feet of ground-floor retail.
This is part 1 of a 10 post series, rolled out all week, on residential projects in downtown Raleigh. Go here to see all the posts so far.
If you follow the news, this blog, and watch all the construction happening you may notice an ongoing theme. Residential projects are mushrooming in downtown Raleigh!
I had to take a step back and list them out in order to really get a feel for how much is going on. In recent history, it’s always felt like the list of “What’s coming” is longer than the list of “What’s being built.” Currently, downtown Raleigh is in the exact opposite situation.
Throughout the week, expect some short posts on nothing but residential projects. I’ll then end the week with projects that are coming soon.
For those that haven’t been following as closely, the result of these residential projects, a majority being rental apartments, is part of a national trend. Demographic preferences, a more mobile workforce, and access to more amenities are just a few factors that are driving this huge demand for rentals near the city center.
It is definitely time to update our downtown resident population numbers as presentations and reports seem to always stick to some 5-6,000 number for the last 10 years.