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The other night I was invited to a Carolina Ballet production at the Historic Memorial Auditorium which is the centerpiece of the downtown performing arts complex that features a dramatic atrium lobby with winding staircases and crystal chandeliers. What an awesome experience and what a great way to spend a Friday evening in Downtown Raleigh, NC.
A new day [...]
When the City Fathers decided to dig up the Fayetteville Street Mall, and re-open Fayetteville Street (our “Main Street”) to traffic after thirty years, I was very disappointed. I enjoyed walking on the Mall downtown among the fountains and hot dog vendors. However, all is not lost and much to my joy, there is talk of a new downtown plaza [...]
Adding to the momentum and rebirth of downtown Raleigh, the Wachovia Capitol Center, the largest office building in the Triangle was recently sold for a record-breaking $153.4 million — about twice what the sellers paid for it in 1999. Another vote of confidence for downtown Raleigh revitalization. There are many investors interested in purchasing real estate [...]
In 1850, Dorothea Dix Hospital was opened in Raleigh. And, in 2008, Dix is scheduled to close and move the psychiatric hospital facility to Butner. Since the closing was announced, there have been several years of debate over the best use of this extraordinary 300-acre piece of green space.
The Dix property has a spectacular view of Downtown [...]
One of our family memories and traditions involves stopping by the Krispy Kreme doughnut shop on the corner of Person and Peace in Downtown Raleigh, hoping to catch the “Hot” sign glowing in the window. For the uninformed, the Hot sign means this — lurking behind the counter, by request, are hot doughnuts that are [...]
October 26, 2006 in Downtown Raleigh Real Estate, Raleigh Real Estate, Recreation and Entertainment in Raleigh NC
Statistics Show Rising Prices in Raleigh Durham Real Estate Market
According to the National Association of Realtors®, in many areas of the country, home sales appear to be bottoming out with lower home prices attracting buyers. Is this happening in Durham County and the Raleigh area real estate markets? Not according to the September sales statistics.
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Durham sales statistics [...]
It appears the downtown condominium projects are seeing their one- and two-bedrooms units getting sold with more frequency than the three-bedroom units. Downtown developers are taking note and one developer (John Bruckel) who is building the 117-unit Bloomsbury Estates at Boylan Avenue and Hargett Street, split several three-bedroom condos into one and two-bedroom units. If you are [...]