I recently took a walk around East Peace Street and there is just so much happening here these days. On this particular weekday morning, the sounds of construction dominate. The hum of machinery, the beeping of vehicles, the hammering of nails are just some of the things you hear if you wander around Peace, Person or Wilmington Street.
These two blocks are just mushrooming with new developments. It’s not surprising that the new construction is predominantly residential as that is the current trend.
Built up now are some new townhomes and carriage homes at Blount Street Commons. A lot of land has been cleared along Person Street for even more of these.
You can now get a sense of the space that the Holy Trinity Church on Peace Street will take as the building shell is pretty much wrapped up.
More townhomes at Peace Street Townes are moving along nicely with the entire site out of the ground now. A lot of brickwork has taken place and the first units are close to being ready.
The largest presence here is the Elan City Center project, a five-story apartment building with about 213 units. There isn’t any ground-floor retail here but with Seaboard Station just across the street and the non-active government district nearby there may not be a big reason for it.
I’ll be interested to see more about Elan City Center as the project kind of just popped up and I’m not sure what kind of local presence there is here. There are no plans for this on the city’s website and their website showcases it as a ‘North Carolina project’ rather than a ‘Raleigh project,’ mistakenly using Charlotte’s skyline on their website.
In a hot rental market, complacency in management is common, as I’ve heard is the case in some of the newer buildings in or near downtown. Hopefully that’s just a few isolated incidents.