$700 million mixed use development to transform area near Raleigh’s Dix Park

0
1367

North Carolina Construction News staff writer

SLI Capital and Mack Real Estate Group have secured financing for the first phase of The Weld, a 1,200-unit residential development near Dix Park in Raleigh.

Companies participating in the design and construction of The Weld include Gensler Architects and JDavis Architects of Raleigh; Clancy & Theys Construction, general contractor; and McAdams Civil Engineers of Raleigh.

Phase one includes 675 units in two 20-story buildings on 3.5 acres at Lake Wheeler Road and Hammell Drive, where sitework is already underway. Construction is expected to be completed by summer 2025.

The Weld will be built into the neighborhood surrounding Dix Park, which was historically industrial in nature and has transformed into a mix of local, entrepreneurial businesses that create a unique, authentic appeal to residents.

“The Weld is a truly pivotal site for Dix Park, and will be transformative for the city,” said Bryan Kane, CEO and managing partner at SLI Capital. “With Park City South next door, The Weld will be the front door to Dix Park and provide a direct connection to downtown.

“In addition, we are collaborating with the Dix Park Conservancy to identify other meaningful ways to support the Park’s development and expect to announce further details in the fall.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.