November 16, 2021
RALEIGH – Downtown South, the massive $2.2 billion mixed-use development targeting the southern gateway into Raleigh, is moving closer to becoming a reality.
On Wednesday, developer Kane Realty Corp. unveiled renderings and details about three of what it calls “vertical projects.”
“It will absolutely be the beginning of a transformation of the southern gateway to downtown,” Kane realty Chief Operating Officer Bonner Gaylord said.
Downtown South will cover more than 130 acres along Interstate 40 and South Saunders Street, and area that now features a number of abandoned buildings and row upon row of billboards.
“How I describe it now is an industrial wasteland,” Raleigh Mayor Mary-Ann Baldwin said of the site. “To take it from that to an area that will house people, entertain them and give them an incredible quality of life, I’m pretty excited.”
Kane Realty plans to start construction by the end of the year on Park City South, which will include 335 apartments and ground-floor retail. It’s expected to be finished by late 2023.