Developers hope a planned 40-story tower will become a significant project that expands the northern edge of downtown Raleigh.
City Council approved a request allowing for the development of a mixed-use tower up to 40 stories tall at 506 and 508 Capital Boulevard near a collection of large projects planned and underway in downtown Raleigh.
Wilmington-based Zimmer Development filed the request last year and is looking to bring a new mixed-use tower up to 40 stories tall at 506 and 508 Capital Boulevard across the street from the planned Seaboard Station development and across Capital Boulevard from Kane Realty’s Smoky Hollow project.
Zimmer Development Co. this month paid $5.3 million for the three separate parcels it needs for its Fulton Yard development, which as planned will include 535 apartments and 106,000 square feet of retail and commercial space spanning at least four buildings.
Land clearing work is underway at Eagle Landing, a new 288-unit apartment complex on U.S. 15-501 near Voit Gilmore Lane in Southern Pines.
The Florida Board of Governors has approved student housing for Florida State University – Panama City.
The Brewery District Commission met Thursday night and heard a proposal from North Carolina Builder Zimmer Development Company and architectural firm NBBJ.
In its three decades in operation, Zimmer Development Co. of Wilmington, North Carolina, has tackled more than 250 projects in 140 cities.