{"id":21930,"date":"2014-09-09T12:19:13","date_gmt":"2014-09-09T16:19:13","guid":{"rendered":"http:\/\/raleighpublicrecord.org\/?p=21930"},"modified":"2016-03-29T13:18:15","modified_gmt":"2016-03-29T17:18:15","slug":"construction-underway-on-raleighs-newest-fire-station-oberlin-road-apartments-approved","status":"publish","type":"post","link":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/news\/development-beat\/2014\/09\/09\/construction-underway-on-raleighs-newest-fire-station-oberlin-road-apartments-approved\/","title":{"rendered":"Construction Underway on Raleigh\u2019s Newest Fire Station, Oberlin Road Apartments Approved"},"content":{"rendered":"

Anyone who\u2019s driven recently from the far exurbs of Raleigh \u2013 U.S. Highway 1, say, miles north of the 540 interchange \u2013 to the very heart of its downtown has noticed a veritable explosion in new housing developments.<\/p>\n

If the numbers are any indication, the expansion of everything from North Raleigh\u2019s cookie-cutter mansions to downtown\u2019s outsize apartment complexes will only continue. In the near-six months this column has run, the city of Raleigh has issued permits for more than 460 single-family homes, 265 townhomes, around 1,500 apartments and four condominium units.<\/p>\n

\"The

James Borden \/ Raleigh Public Record<\/p>

The future site of The LInk Apartments, one of many new multifamily developments cropping up downtown<\/p><\/div>\n

The yearly total for 2014 is about 560 single-families, nearly 350 townhomes and just shy of 2,000 apartment units.<\/p>\n

As of this time last year, the number of single families \u2013 675 \u2013 and townhomes \u2013 461 \u2013 were slightly higher, although 2014 has seen nearly 400 more apartment units permitted.<\/p>\n

Allowing some questionable math, where we assume 2.5 people for every SF, 2 for every townhome and 1.5 for every condo and townhome, the city of Raleigh has added enough housing space to accommodate 5,479 new residents this year. Last year, the city topped out at 6,355 spaces added.<\/p>\n

It\u2019s safe to assume this year\u2019s total number will be greater than last year\u2019s, and that 2015\u2019s will be even higher still. And why not? Raleigh is continuously listed as one of the best<\/p>\n

\"Red

Karen Tam \/ Raleigh Public Record<\/p>

Red Hat is one of many employers driving a population boom in downtown Raleigh<\/p><\/div>\n

cities in the country to live in, and the growth of industry in the area, including high-tech companies like Red Hat and Citrix, will help push up the demand for new housing.<\/p>\n

But how much is too much? The 2010 census indicated Raleigh is one of the nation\u2019s fastest-growing cities, with a population increase of 46% from 2000.<\/p>\n

<\/a>Available housing increased at approximately the same rate over that time period. Both are likely to grow at an exponential rate over the next 10 years. Which means that as much griping has been done over the new gated communities, the new apartments, the new townhomes, all of this has been necessary to help maintain a relatively stable market in which to afford housing. \u00a0And that\u2019s a good thing.<\/p>\n

Happening Now-Ish<\/strong>
\nIn those aforementioned far north exurbs of Raleigh, just off Falls of the Neuse road, work has begun on the new Maystone at Wakefield multifamily development. $12.8 million in permits were issued to Greensboro\u2019s Carroll Investment Properties, which has both construction and property management divisions.<\/p>\n

The 360-unit development will be comprised of 15 buildings on a 57-acre tract of land. A recent visit to the site shows the development\u2019s first residents may have some very unwelcome neighbors indeed \u2013 Canada geese. They are seriously the worst.<\/p>\n

\"The

James Borden \/ Raleigh Public Record<\/p>

The future site of the Maystone at Wakefield is currently under occupation by a hostile force of Canadian Geese<\/p><\/div>\n

While $12.8 million may seem like a lot \u2013 and it’s certainly not reflective of the entire cost of the project, which included not only other construction work but the purchase of the land as well \u2013 the most expensive permit issued this week nearly doubled that amount – $21 million for, of all things, a parking garage.<\/p>\n

The garage is being developed in the new Wade Park subdivision, which currently contains a mix of office, retail and residential spaces. The permits for the 2-story, 61,590-square-foot garage were issued alongside a $14.2 million permit for a new 4-story, 105,978 square foot office building in the adjoining lot. Both are being built by regional construction powerhouse Choate Construction.<\/p>\n

\"Sitework

James Borden \/ Raleigh Public Record<\/p>

Sitework for a new parking deck and office building is underway at Wade Park<\/p><\/div>\n

Another downtown residential development was issued permits recently as well, as four new units at the Blount Street Commons near the Krispy Kreme have been given the go-ahead for construction, while four others were scheduled for interior completion. No smart comments about this development, as the townhomes are well designed, appear well-built and are certainly in a great location. Far better to live on Blount, minutes from downtown, than in the far reaches of north Raleigh or even the just-outside-the-Beltline Wade Park development.<\/p>\n

\"Blount

James Borden \/ Raleigh Public Record<\/p>

Blount Street Commons<\/p><\/div>\n

Much more exciting than any new apartments or parking garages, however, were the permits issued for Raleigh\u2019s new fire station no. 29, which is being built at 12117 Leesville Road. Like the Maystone, the station\u2019s address is also a ways past 540, through a stretch of Leesville that is itself under heavy construction. Work by Chapel Hill\u2019s Resolute Building Inc. was visibly underway as of September 4, although the work is estimated to take around 10 months to complete.<\/p>\n

The 10,000-square-dfoot station, designed by Raleigh\u2019s Williard Ferm architects, is scheduled to be certified LEED Gold.<\/p>\n

 <\/p>\n

\"Vertical

James Borden \/ Raleigh Public Record<\/p>

Vertical construction is well underway at the site of Raleigh\\’s newest fire station<\/p><\/div>\n

Coming Soon
\n<\/strong>City Council approved a series of planning commission recommendations this week, alongside a new \u2013 and this should be of little surprise \u2013 215-unit apartment complex to be built on Oberlin Road.<\/p>\n

\"These

James Borden \/ Raleigh Public Record<\/p>

These buildings at 616 Oberlin near Cameron Village are among those being torn down to make way for a new multifamily complex<\/p><\/div>\n

Local resident Dall Wilson had filed an appeal against the planning commission\u2019s recommendation of approval, granted in June, in which he argued that the Daniels Street access to the new development will increase traffic in his neighborhood.<\/p>\n

Mack Paul, an attorney representing the project developers, said they had agreed to a compromise of only allowing right turns in and out of the development, although neither Wilson nor Councilman Thomas Crowder found this acceptable.<\/p>\n

Nonetheless, Council voted to approve the project 6-1, with Crowder serving as the lone dissenting voice.<\/p>\n

The planning commission items approved included name changes in the southeast \"Raleigh'sRaleigh\u2019s Walnut Terrace Development and modifications to the city\u2019s zoning codes to conform with the new Unified Development Ordinance.<\/p>\n

Council also voted to waive a two-year waiting period for a new rezoning request which would allow higher-density residential development on East Six Forks Road, granted a 60-day time extension for a Hillsborough Street residential project near Meredith College, and set a public hearing date of next month for a residential project in East Raleigh north of New Bern Avenue.<\/p>\n

By The Numbers
\n<\/strong>Although this piece already contains more than enough math for its own good, August has come to a close, which means it\u2019s time to take a look at the total number of permits and the total number of land sales for the month, and compare them to years past. Let the excitement begin.<\/p>\n

The city issued 580 permits for residential and non-residential construction last month, with a total value of$142,158,027. The most expensive of these projects was the $21 million Wade Park parking deck, which received permits on August 26. The least expensive was a minor $100 residential renovation for the replacement of three doors.<\/p>\n

The previous five-year average for August was 539 permits with a total value of $73,271,528. Although both of this year\u2019s totals exceeded the average, and the total value was higher than any prior year\u2019s, August of 2012 did manage to maintain its high score of 677 permits issued. Bravo.<\/p>\n

\"permitsissaug\"

Building Permits issued over the years<\/p><\/div>\n

\"permitvalueaug\"

Value of building permits issued over the years<\/p><\/div>\n

There were a total of 732 residential and non-residential real estate sales for the month of August, with a total value of $272,759,000. The most expensive of these was the Legacy at Wakefield development, which sold for $50,525,000. The least was a $2,000 sale of a foreclosed property to the neighborhood\u2018s homeowners association.<\/p>\n

August 2014\u2019s real estate sales also managed to beat out their five year average, which stood at 587 permits with a total value of $196,437,585. However, 2013 still holds the record for both the number of permits issued \u2013 854 \u2013 and their total value – $362,090,300.<\/p>\n

\"realtranaug\"

Real Estate Transactions over the years<\/p><\/div>\n

\"realvalueaug\"

Value of real estate transactions over the years<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Less than a week after permits were issued for a new 360-unit apartment complex, City Council voted to approve another complex of 215 units on Oberlin near Cameron Village. <\/p>\n","protected":false},"author":24061,"featured_media":21922,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1599],"tags":[1736,1735,7,719],"_links":{"self":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/21930"}],"collection":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/users\/24061"}],"replies":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/comments?post=21930"}],"version-history":[{"count":0,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/21930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media\/21922"}],"wp:attachment":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media?parent=21930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/categories?post=21930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/tags?post=21930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}