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About

Release Date: Monday, April 24th 2017

An Early Look at the 2017 State of Downtown Raleigh Report

An Early Look at the 2017 State of Downtown Raleigh Report

 

RALEIGH, NC (April 24, 2017) – The information contained in the attached link, with the exception of pages 1-7, is embargoed until 10 am on Tuesday, April 25.

The Downtown Raleigh Alliance is proud to release the attached “State of Downtown Raleigh 2017” tomorrow at its annual State of Downtown Raleigh event, which is from 8 am until 10 am at the Raleigh Convention Center.

The report highlights current market trends that impact downtown Raleigh’s rapid growth and future development, and provides a comprehensive market analysis of key downtown Raleigh data, demographics, and future projections, including:

  • $1.75 billion in recent, ongoing and upcoming development
  • 3,672 new residential units recently delivered, under construction or planned
  • $200 million in food and beverage sales in downtown Raleigh last year
  • Over 1,000 hotel rooms under construction or planned for downtown Raleigh
  • Over 300 acres of new and upcoming green space in downtown

Every attendee of the State of Downtown Raleigh event will receive a free copy of this report.

An early low-resolution copy of this report has been provided for your convenience.  The information contained in this link, with the exception of pages 1-7, is embargoed until 10 am on Tuesday, April 25.

The report will be available to the public starting at 10 am tomorrow from the State of Downtown Raleigh event page on our website:  http://www.godowntownraleigh.com/stateofdowntown

To conclude the State of Downtown Raleigh event, a panel of experts and thought leaders in downtown, including Michael Cunningham, Executive Vice President and General Counsel at Red Hat; Roberta Fox, Assistant Director of Design and Planning for the City of Raleigh; John Kane, CEO of Kane Realty; Van Nolintha, co-founder of Bida Manda and Brewery Bhavana; and Steve Young, Executive Vice President and Chief Financial Officer of Duke Energy will analyze downtown’s growth from each of their own perspectives.

 

DRA will also recognize the following developments for the investments they represent in downtown Raleigh in 2016.

227 Fayetteville
Blount Street Commons
Christ Church Addition
Dr. Pepper Warehouse
The Edison Lofts
Elan City Center
The Gramercy
Link Apartments
N. West Street Development

Pre-registration for the State of Downtown Raleigh 2017 has closed.  On-site registration will be available for $35 per person.

Thank you to our sponsors and partners

Imprint Award Sponsors:

Hyde Street Holdings

Platinum Sponsors:

August Construction Solutions; Williams Mullen

Media Partner:

Triangle Business Journal

Student Sponsor:

Shaw University

Gold Sponsor:

City Club Raleigh; Clancy & Theys; Poyner Spruill; Stanley Martin Homes

Silver Sponsors:

AT&T North Carolina; Avison Young; CBRE | Raleigh; Clark Nexsen; Colliers International; Greene Resources; Kimley-Horn; LS3P; NAI Carolantic Realty, Inc.; North State Bank; Raleigh Marriott City Center; TradeMark Properties; York Properties

Event Partners:

BOMA Raleigh-Durham; NAIOP Raleigh Durham Chapter; North Carolina CCIM Chapter; RRAR; TCAR; TRAOBA; Triangle Crew; ULI Triangle

###

 

About Downtown Raleigh Alliance (DRA):

DRA is an award-winning nonprofit organization whose mission is to continue the revitalization of Raleigh’s downtown. The Alliance enhances the quality of life and positively impacts the economic success of downtown through six core services:  1. Safety & Hospitality Ambassadors; 2. Strategic Branding & Community Communications; 3. Events Production; 4. Retail Attraction & Merchant Promotions; 5. Strategic Partnerships & Stakeholder Engagement; and 6. Strategic Planning. For more information about DRA, please visit www.YouRHere.com.