Ground broken on downtown Raleigh high-rise apartments

A new, luxury high-rise apartment building will change the look of the Raleigh skyline.
December 4, 2013 3:35:00 PM PST
Downtown living is expanding in downtown Raleigh.

There was a groundbreaking Wednesday for a new luxury high-rise apartment building that will change the look of the skyline.

Skyhouse will be a 23 floor luxury apartment building.  

"We should see people moving in here in about a year," said Novare Group President Jim Borders.

There is already work going on in the background as the gold shovels officially broke ground.

"It has been a while," said Raleigh Mayor Nancy McFarlane. "We definitely saw the entire construction industry slow for the past few years, but we've got a lot of projects coming to us now."

The 320 unit apartment tower will sit on the corner of Martin and Blount.

Designs for Raleigh's Skyhouse aren't ready yet, but developers did peak interest with the actual Skyhouse on the roof.

"The Skyhouse -- it's the amenity area," said Borders. "It's the common area for everyone. We have a club room there. We have a great fitness center there -- a pool on the western side. We have some areas that are covered but are outdoors. We have TVs everywhere. We have fire pits, and two grills."

The luxury and the amenities are geared toward young professionals.

"One of the key things for business, they want to be able to recruit the talent that they need," said McFarlane, "and they have to have a place that people want to live and that's key for us."

Raleigh's mayor believes that a vibrant downtown leads to a vibrant economy.

"For the city the return on the investment from the tax base for putting a very tall building on a small piece of space is great for us," said McFarlane.

The developer told ABC11 that the rent will be about $1,200 for a studio apartment and $1,400 for a one bedroom and it goes up to three bedrooms.

See It On TV | Report A Typo |  Send Tip |  Get Alerts | Send us photos
Follow @abc11 on Twitter  |  Become a fan on Facebook

Load Comments