Kane Realty announced two new development projects — Phase 1 of Park City South, a mixed-use development adjacent to Dorothea Dix Park + two buildings in Downtown South’s Initial Phase.
Park City South
This 9.7-acre development is located at 927 S. Saunders St., next to Dix Park and south of Downtown. The first phase will include a mid-rise building with 335 apartment units + 18,000 sqft of ground-level retail and flex-office space.
The building will feature a full spa, pool, and rooftop lounge and terrace overlooking Dix Park’s Plaza + Play First Phase.
The project will break ground later this year, with plans to open its doors to residents in late 2023. Future phases will include high-rise residential + office space featuring structured parking and ground-level retail.
The proposed Downtown South project, which includes a 20,000-seat stadium for the NC Courage + NCFC soccer teams, is located at the intersection of South Saunders Street, South Wilmington Street, and Interstate 40.
Kane announced two buildings in the project’s Initial Phase — a mass timber constructed office building + a mixed-use mid-rise building.
The ~180,000-sqft office building will be Raleigh’s first mass timber construction office building, meaning sustainably-sourced solid wood panels will be used as a low-carbon alternative to concrete or steel. The wood remains visible after construction is completed. The office building will also include 14,000 sqft of ground-level retail space.
The mixed-use building will include 280 apartment units, with 14,000 sqft of ground floor retail + a structured parking deck. There will also be two terraces and a rooftop lounge.
Construction will begin in quarter three of 2022 for both buildings, with tenants and residents moving in in 2024.