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Downtown Raleigh Population Could Double in Next Decade, Nearly $2 Billion in New Development Projects Planned :: WRAL.com

— A developer is planning a new project worth billions of dollars in downtown Raleigh.

On Wednesday, more than 600 city leaders, developers, business owners and real estate agents gathered at the Raleigh Convention Center to hear the downtown state’s annual report.

The report presents some key growth metrics.

  • Nearly $2 billion of new investment added to development pipeline last year alone
  • 1.7 million square feet of office space under development could bring more than 14,000 new workers downtown
  • Residential development is booming, with over 8,300 units under construction, adding up to 12,500 residents over the next decade, doubling the downtown population

“We’ve seen quite a bit of growth this year, but we’re definitely not at the level we’d like when we get back to work. We’d love to see more office workers here.” .” Downtown Raleigh Alliance.

Those at the event say they want to see developers, residents, city leaders and business owners work together to envision the future of downtown Raleigh.

“I don’t want to look back in 10 years and see a downtown indistinguishable from any other city,” King said.

The big message of the State of Downtown report is to focus on the people who live and work in all these buildings around us.

The Downtown Raleigh Alliance leases pop-up shop space to women- and minority-owned small businesses.

LaTanya Lodge, owner of TresLife, uses the space to make a dream come true.

TresLife pumps and spray bottles are more than just a business for Lodge.

“I actually started making products because I wanted my daughter to be a role model in embracing my natural hair,” she says.

Last fall, she expanded her online shop into a physical store at a pop-up shop on Martin Street.

“It gave me great exposure to the product,” she says. knows us.”

Such prospects have allowed Lodge to find a permanent storefront and give TresLife a glimpse into the city’s growth.

“I think it’s going to be very different in the next three, four, five years. You see a lot of diversity so that everyone feels part of Raleigh, North Carolina,” she said. increase.

The Downtown Raleigh Alliance says it’s focused on revitalizing the Fayetteville Street and Moore Square areas. These areas of downtown are the slowest to recover.

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