The new Glenwood Place will replace a generic eight-building office park, built in the 70s, with a vibrant development that epitomizes “smart growth,” according to a news release.
The plan includes suitably scaled shops, restaurants, offices, a full-service hotel and luxury residential units. The majority of the buildings will be four to five stories.
Three buildings are planned to be in the 10- to 12-story range, but will be located away from residents and near Glenwood Avenue and the Raleigh Beltline.
The developers are seeking a rezoning of Glenwood Place based on the goals set out in the City of Raleigh’s 2030 Comprehensive Plan. The plan includes a $2 million investment in recommended roadway and signal improvements, including lanes leading to and from the Raleigh Beltline.
“With the greater Raleigh region expected to double by 2025, Glenwood Place will provide a home for the kind of high-growth, high-wage companies the city wants to welcome and needs more site options to attract,” states David Connor, senior vice=president of Lincoln Harris’s Raleigh office.