The City of Raleigh has issued its highest value building permit so far this year– $36 million — for a portion of the project to redevelop the former Greyhound Bus Terminal into a six-story apartment building.
The permit, issued June 29 to Clancy & Theys Construction, relates to the project at 1314 W. Jones Ave. Permit documentation says it is for a “parking garage (buildings and open decked).” The permit also indicates it is for the project’s first phase.
In July 2015, Banner Company Apartments LLC filed a site plan to construct up to 270,000 sq. ft. of multifamily space on the 1.8 acre site, Triangle Business Journal reported.
The permit says the parcel owner name is Metropolitan Apartments LLC, operating from the address of Banner Property Management LLC.
Image: Early rendering from JDavis Architects