RALEIGH – Downtown South developers have taken another significant step toward turning their vision into reality and say groundbreaking could take place later this year. But Raleigh Mayor Mary-Ann Baldwin is keeping a very close eye on the project.

“This could probably be the greatest redevelopment in the history of Raleigh, if done right,” Baldwin told WRAL TechWire in an interview.  “It will take about 25 years to build out, it will not be something that will happen overnight, as evidenced by what we’ve seen at North Hills, which has been a 16 year process and is still ongoing.”

Developers are making big progress.

On New Year’s Eve, Kane Realty and TradeMark Properties along with North Carolina Football Club owner Steve Malik announced the closing of the real estate transaction involving the final parcel of land that will become a part of the proposed Downtown South District.  The settlement of the transaction comes two weeks after a rezoning request for the proposed $2 billion development was approved by the Raleigh City Council on December 15, 2020.

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