New development planned for Olde Towne site in Raleigh

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LoBro LLC and OC Retail East Co. want to build a project in southeast Raleigh that will feature apartments, office space and a shopping center.

The landowners for the commercial part of the Olde Towne project filed a rezoning request, WTVD reports.

The request includes allowing up to 450 apartments, a 300,000-sq.-ft. shopping center with a grocery store and as many as nine stand-alone restaurants on 102 acres located along South New Hope Road.

The project, which is expected to cost more than $100 million, does not have a developer yet.

The rezoning requests will be heard at the Sept. 10 planning committee meeting.

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