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• Over 1,800 units delivered in 2015 and 2016, adding a substantial number of new residents

© Tierney Farrell

2016: RESIDENTIAL GROWTH

HOTEL ROOMS BEING ADDED TO MEET GROWING DEMAND Buoyed by a rising occupancy rate, more business travelers visiting downtown, and a strong interest in expanding Raleigh’s successful convention center, more hotels are coming to downtown

2017: GROCERY STORES ANNOUNCED

Given the rapid growth of downtown’s retail base, food and beverage sales breaking $223 million, and storefront vacancy continuing to hover in the single digits, more ground level space will bring new stores and life to downtown’s streets • 200,000 SF of new ground-level space added to downtown

Publix and Weaver Street Market announced their new locations in downtown Raleigh, which are now under construction, along with Saxapahaw General Store

© Flyboy Photography

MORE GROUND-LEVEL SPACE ADDED TO HELP ACCOMMODATE GROWING RETAIL DEMAND

© S.hughes Imaging

TIMELINE: LOOKING AHEAD MORE GREEN SPACE AND TRANSPORTATION OPTIONS ADDED INCLUDING DIX PARK AND RALEIGH UNION STATION

• The Dillon, One Glenwood, FNB Tower add over 500,000 SF of new office space to downtown • New collaborative work environments like WeWork and Spaces join existing organizations like HQ Raleigh to help more small companies incubate and grow in downtown

© Flyboy Photography

• With over 1,000 units under construction, downtown continues to get denser

© Flyboy Photography

RESIDENTS FLOCK TO DOWNTOWN AS NEW DEVELOPMENTS OPEN

•R  aleigh Union Station opens in 2018 • The 308-acre Dix Park gives downtown and Raleigh a signature, urban green space for a wide variety of recreational uses • 14-acre Devereux Meadows provides much needed green space near Glenwood South and the north side of downtown • Moore Square’s renovation provides a dynamic new park in the heart of downtown • 30 stations and 300 bicycles for Raleigh’s new Bike Share • Bus Rapid Transit, Commuter Rail, and Enhanced Bus Service make downtown a center for mass transit

© Flyboy Photography

2018-: MORE OFFICE TOWERS AND COLLABORATIVE SPACE OPEN

INTRODUCTION TO DOWNTOWN | 17

2018 State of Downtown Raleigh Report  
2018 State of Downtown Raleigh Report