Permit Party is a newish feature that combines our former “New Building Report” and “Renovation Roundup” columns into one.
It’s like Déjà Vu all over again. In our last edition of “Development Beat: Permit Party,” published in mid-November, the priciest commercial construction project we looked at was a new, $6.675 million new five story, 119,200 square-foot addition to the Public Storage facility at 1400 Capital Boulevard. In the three week period since that column ran, the largest commercial renovation permit issued in Raleigh was for … $6.8 million in renovations at that same Public Storage Facility. McCrory Construction is handling both projects.
So you probably thought Cameron Village had enough apartment complexes by now, right? Wrong. There’s been something like 45* new apartment complexes put up in and around the Cameron Village area in the last ten years, but it appears the appetite for downtown-adjacent, overpriced apartment living in Raleigh is insatiable. We have to admit: it would be pretty great to have a Harris Teeter, a Chick-fil-A, a Goodberry’s and a Fresh Market all within walking distance, but still, how many more residential units can that area withstand? The answer, according to Texas-based developer The Leon Capital Group, appears to be “at least 201 more.”
In this very special edition of Teardown Tuesday, we take a look at two historic homes set for demolition and then dive into a list of five local construction firms whose presence in Raleigh we think we should all be thankful for.
Things have been pretty slow in the commercial construction world lately here in Raleigh, but we take a look at some permits issued over the last two weeks, including a new Panera Bread& CVS at Lake Boone Trail.