10+ major developments in Raleigh, NC

Midtown Exchange | Rendering via DeWitt Carolinas

Over the past year, we have heard so many grand announcements about the various developments coming to our area — including mixed-use spaces and restaurants and Fortune 500 headquarters.

In case you’ve been busy and haven’t skimmed over some of this groundbreaking news, here’s a quick catch-up session. 

Opening soon

We are just days away from 2021, and with the New Year comes new projects, plans, and amendments to our ever-changing skyline. And after the year we just had, it’s no surprise that Raleigh is jonesing for something new to look forward to –– development-wise that is.

So without further ado, here are 10+ upcoming developments you can look forward to this coming year in the Oak City. 

Aventon North Ridge, located at 6615 The Lakes Drive

Aventon Companies is bringing new luxury apartments to North Raleigh in late 2021. It will have 372 one, two, and three-bedroom apartments and stretch over 26 acres of land in its first phase of development. The entire project will cost around $140 million and include amenities such as a podcast studio, outdoor workplaces, a 5-acre park, and automated package delivery.

John Chavis Memorial Park Improvements | Rendering via the City of Raleigh

John Chavis Memorial Park, located at 505 Martin Luther King Jr. Blvd.

The improvements to the park are a little over halfway completed with the official opening ceremony slated for summer 2021. There will be a new community center with modern fitness facilities, classrooms, and a walking track. Locals will be happy to know that the historical Carousel House will be preserved, with just some minor touch-ups. 

MTX One, located at 1010 St. Albans Drive 

MTX One is a mixed-use, 12 story tower set to start construction in mid-2021 as a part of the $1 billion Midtown Exchange project. Over 300,000 square feet of the tower will be for offices with additional space designated for retail + conference areas. MTX One will be one of two, mirroring towers connected with a pedestrian sky bridge–there is no confirmed date for the start of MTX Two. 

Millbank Collection, located at 2210 Millbank Street 

Redeeming Development Group (RDG) will be finishing the Millbank Collection residential community in late-winter through early-spring 2021 starting with 3 single-family homes and then finishing with 18 townhomes. The units will have modern style, open-concept layouts, and high-end interiors designed by architects at Clearscapes. 

Primavera, located at 5001 Spring Forest Road 

In spring 2021, construction will start on a 11.2 acre senior-living apartment complex in northeast Raleigh. It will consist of 164 units reserved for those 55 years old and up who make less than the average median income for the city. The entire development will cost $29.6 million and is spearheaded by Raleigh-based affordable housing developers DHIC.

121 Fayetteville, located at 121 Fayetteville Street

Downtown Raleigh’s skyline will be gaining an additional tower with the erection of the 32-story 121 Fayetteville starting sometime in 2021. This “landmark-in-the-making” will be a mixed-use office, retail, and conference space and will most notably feature a sky lobby + outdoor terrace area for dining or relaxing. Construction was supposed to have begun this year but developers put it off until 2021 due to COVID-19. 

Litchford 315, located at 6132 Johnsdale Road

This 240-unit apartment complex will be completed and ready for move-in come spring 2021. The complex sits on 14.3-acres and is designed to be more affordable compared to other new apartments in Raleigh using federal funding from the Department of Housing and Urban Development. Some of the amenities that will be found at Litchford 315 include a dog park, pool + cabana area, and clubhouse.

121 Fayetteville Street | Rendering via Kane Realty

The Stitch, located at 1001 Airport Boulevard, Morrisville 

A former outlet mall near RDU Airport is getting a serious makeover into a state-of-the-art, 245,000-square-foot creative office + lab space. The Stitch will open in early 2021 and is aimed at tenants who are seeking somewhere to do scientific research and labwork. There will be an amenity space at the center of the property called The Link and the outside will have a dog park + yoga lawn. 

6 At South Park, located at 1200 Garner Road

Next spring, construction will be completed on six, modern homes situated in Raleigh’s South Park. Each home starts at around $400,000 for three bedrooms and comes in at over 1,700 square feet. They will include energy efficient features to minmize artificial light usage with screened-in patios + an office or den space as well. 

615 Peace, located at 615 W. Peace Street

615 Peace will be home to 24 one + two bedroom luxury condo units and a ground-level retail space right within walking distance to downtown. Condos will range from 538 to 1,348 square feet and each have their own private balcony–not to mention shared rooftop spaces for all tenants. The building will start to take shape in 2021 and will be designed to resemble + compliment surrounding structures with an ultramodern twist. 

Hayes Barton Place, located at 2634 Oberlin Road

Located inside the beltline, this senior-living community is positioned to undergo major redevelopment in the upcoming year. The plan calls for not only 186 luxury independent living residences, but also 88 healthcare residences for in-home rehabilitation + treatment. The property will sit on 5.5 acres and match the classic Georgian-style architecture of the historic Hayes Barton neighborhood.

Works in progress

Downtown South, located at the intersection of S. Saunders and Wilmington streets

With rezoning approved by the city earlier this year, this major development project is slated to break ground in fall or winter of this year + has a projected completion date within five years. Initial concepts include the construction of a soccer stadium to house our local professional teams — plus retail, residential, and office space. Residents can respond to this survey to share thoughts on community enhancements and what the Downtown South project should look like.

The Overlook, located in Cameron Village

On the street level, Cameron Village is planning for two additional retail shops. One space is 3,043 square feet + the other is 3,896 square feet. For the rooftop — the focal point of the project — there will be enough space for two tenants, however, York Properties and Regency Centers have shared with ITB Insider that they are looking to bring more night life to Cameron Village with a full-service restaurant on the top level space. ITB Insider also shared that they’ve officially “started a business plan for a culinary conglomerate” of Raleigh classics, including Crowley’s, Frazier’s, Porter’s, Bogart’s.

The Nexus, located at the corner of McDowell and Hargett streets

By mid-2022, Downtown Raleigh will be home to a new 325,000-square-foot office tower + a 250-room hotel, 400 residential units, and 45,000 square feet of street-level retail. 

Rendering of Lake Boone Shopping Center | @yorkproperties1

Lake Boone Shopping Center renovations, Lake Boone Trail at Wycliff Road

After the anchor store, Food Lion, signed an extension of their lease last year, York Properties initiated a plan to invest $3-4 million for renovations at Lake Boone Shopping Center. These updates were originally slated for this fall, but will continue into next year.

Dorothea Dix Park, 2105 Umstead Drive

In 2015, the City of Raleigh purchased 308 acres of land from the state of N.C. on the Dorothea Dix Campus + announced their master plan to create the city’s largest green space. Renderings for the first phase of the project — which may take up to 20 years to fully implement were released this summer, including concept drawings for projects such as creek restoration, structural rehabilitation, the creation of a new main entry + the addition of amenities and parking

Park City South, between South Saunders and South Dawson streets 

Last year, Raleigh City Council approved new zoning for the development of a new mixed-use space near Dorothea Dix Park. The developers have proposed to include 312,500 square feet of retail space, 975 residential units + 152,800 square feet of hotel space. The new zoning will allow for up to one million square feet of new development in the area. 

Salisbury Square, located in Downtown Raleigh

A 4.9 acre parcel located at the corner of South and Salisbury streets. The mixed-use development is zoned up to 20 stories and plans include 175,000 square feet of office and retail space, 270 luxury apartments, workforce housing, and a 150-room hotel.

Fenton, located near Cary Towne Blvd.

This $850-million development in Cary is slated to complete phase one of construction late next year. The total project — which includes plans for a 125,000-square-foot Wegmans + a new restaurant from chef Scott Crawford — will likely take five to eight years to complete.

Green Level Market, located at Green Level Church and Green Level West roads.

Renderings have been released for the Green Level Market in Apex. The mixed-use building is the first to open as part of a new commercial center near Thomas Brooks Park + will feature 21,000 square feet for commercial and office space. The Starpath Dance Academy is among the center’s first tenants.

Swing, located near Brier Creek Commons

Triangle Racquet Sports + the US Tennis Association have announced a new tennis facility and wellness center planned for Brier Creek, called Swing. The site will include 51 indoor and outdoor tennis courts, pickleball and padel courts, table tennis, fitness facilities, walking trails, and a free public access zone for local families. The project will create ~75 jobs and provide free or low-cost tennis instruction for youth. Swing is expected to open in 2022.

With all of the development happening across Raleigh, it’s nearly impossible to keep up with what is opening when, where new businesses are being built + what companies are coming to town. If there is a construction project you would like to learn more about — or if we’ve made an error in our research — let us know in the comments below and we’ll grab our hard hats. 👷‍

Disclaimer: This is not meant to be a comprehensive list of all of the developments in the Raleigh region. If there is a development that has been announced in the last 60 days that you feel should be included, please email us at [email protected] to let us know. 


This article includes research and writing by Erin McPherson, Trevor Peters + Xenna Smith. Originally published Dec. 31, 2019 and last updated Dec. 28, 2020.