Raleigh could approve Kane Realty's $150 million mixed-use tower project after the developer presented its revised proposal on Tuesday, banning bars and limiting the number of stories for two buildings, according to The News & Observer.
Kane Realty, known for restoring the North Hills shopping center to its former glory, received public backlash in June when it first presented its plans to the city council. Residents, including, Councilwoman Kay Crowder feared that the project would only create raucous nightlife to the city. Crowder also insisted that the developer should include more specific details about the plan and more retail spaces as well as promise to preserve the city's "Dillon Supply Co. Steel and Pipe Products."
In response to the city's request, Kane revised the project proposal and presented to the council in early august.
To support the city's request, new conditions included prohibitions on bars and nightclubs as tenants and capping the height at 17 stories for the tower and nine for the smaller building. Kane also promised to preserve the façade facing Martin Street as well as the side with the "Dillon Supply Co. Steel and Pipe Products" sign.
"We just tried to react as best as we could and get the best project for the community," said John Kane to The News & Observer.
After the developer discussed their proposal to the city council, Crowder said she felt more comfortable with the revised proposal. As well as Mayor Nancy McFarlane said she hasn't heard concerns from other council members, so she supports the project.
If approved, the Dillon project is also expected to provide parking spaces in the district.
Council is due on Oct.7 for public hearing on a city staff proposal to purchase between 250 and 350 with an agreed price of $32, 000 per space.
"The final deck has not been designed, so we don't know how many spaces we'll get just yet," explained by Jim Greene, Raleigh's assistant city manager for economic development.
If the deal will push through, the city is expected to make initial payment of $2.5 million to Kane for the spaces.
