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    North Carolina State Capitol
    The North Carolina State Capitol, completed in 1840, is one of the finest and best-preserved examples of a major civic building in the Greek Revival style of architecture. It is a National Historic Landmark.
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    Blount Street was once home to rich industrialists and prominent civic leaders, as evidenced by these beautiful, historic homes. Nearby Blount Street Commons, currently under construction, will soon add even more residences, retail shops and parks.
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    The Raleigh Times Bar is located in the beautifully restored 100-year-old former home of the city's evening newspaper. Featuring creative takes on classic bar fare, and an amazing beer selection.


Release Date: Monday, May 16th 2016

Downtown Raleigh Continues Period of Unprecedented Growth

Downtown Raleigh Continues Period of Unprecedented Growth



RALEIGH, NC (May 16, 2016) – New data from the Downtown Raleigh Alliance (DRA) shows downtown Raleigh continues to grow at a rapid rate. 


At its State of Downtown event late last month, DRA announced downtown Raleigh is in the midst of a $1.1 billion construction boom, which includes more than 2,800 new residential units, and more than one million square feet for office space.  The new residential space is expected to drive another 4,500+ residents to downtown.


During the first quarter of 2016 alone, downtown Raleigh saw 11 new street level businesses open, with more openings coming soon.


“Downtown continues to grow at an unprecedented rate in all asset classes. The first quarter showed strong growth in our restaurant sector with several new restaurants opening and 18% growth in food and beverage sales for this quarter over first quarter 2015,” says DRA planning and development manager Bill King.


More information, including additional data on market trends, population, demographics, development, and a look at future projections for downtown Raleigh is available in the State of Downtown Raleigh 2016 and the Economic Development Report – First Quarter 2016.



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 & Clean 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.