A new mixed-use development located at 2200 Atlantic Ave. — between the Five Points and Mordecai neighborhoods — is slated to break ground early this year. Raleigh Iron Works is a joint endeavor between local development firm Grubb Ventures and Atlanta-based real estate company Jamestown L.P.
Phase one of the project is slated for completion in early 2022 , and will feature creative office space, 220 residential units + 91,000 square feet of retail and restaurant space.
Rendering courtesy of Grubb Ventures
The development will be located across the street from Dock 1053 , home to the Loading Dock, Hummingbird, Mister Pompadour, Murphy’s Naturals, Glas, Lynnwood Brewing Concern and other creative local startups.
The cost of phase one is estimated at $150 million. Architectural plans aim to integrate original + historic elements from the former Peden Steel warehouse located at the site with modern new features — including outdoor activations and space for public events and performances .
The vision for Raleigh Iron Works is to revitalize and anchor the city’s Iron Works District — we’ll keep you updated right here as the project progresses.