Kane Realty founder John Kane said the latest projects of One North Hills, NHX offices, a new 12-story apartment building and a restoration hardware site cost $350 million. Work, play and live: Kane Realty Corp. banking on companies to bring employees into offices under the newest part of the North Hills redevelopment.
“This is the largest project we’ve ever undertaken,” Kane said.
Kane is the developer behind the mall’s transformation.
“Getting residential on this side of the street where the old mall was is really important to us, and getting more office on top of retail here is very important because we’ve been mostly a retail operation here,” Kane said.
On Wednesday, WRAL News took a tour to the top of the new 10-story One North Hills development. The glass tower overlooks the Beltline below on one side. On the other side, it overlooks a five-story office building under construction that will also have new shops and restaurants.
“What do those single-family homes want?” said Managing Director of Operations at Kane Realty Stacey Buescher. “They want the ability to walk to work. They want the ability to walk to their restaurants.”
Buescher said across the street Kane Realty has four office towers are 100% leased by businesses and about 80% occupied by residents.
It is the largest project in the history of the transformation of North Hills from an indoor mall to what it is today. It's been 20 years since bulldozers started tearing down the mall here. The buildings are going up where the old mall stood until 2021.
“Raleigh’s been fortunate enough to be on all of these ‘greatest’ lists, and it’s really helping us fill these office buildings,” Buescher said. Kane spoke with WRAL News where the former JCPenney department store once stood in the old North Hills Mall.
“You’ve got three buildings coming out of the ground above retail everywhere, so it’s a complex project,” Kane said.
Buescher said Raleigh is a nice blend of city and small town.
“It’s just community,” Buescher said. “All we try to do is try to build community for anyone who wants to come and enjoy it.
Kane mentioned the importance of his company providing housing.
“We’ve been mostly a retail kind of operation here,” Kane said. “Obviously, we have a hotel, but I think adding that is going to change the dynamics of all that.”
In November 2022, Kane estimated his company has between $800 million and $900 million currently under construction throughout Raleigh from North Hills to the mixed-use development Downtown South.
Subscribe to WRAL:
/ wral5
Follow WRAL:
Facebook: / wraltv
Twitter: / wral
IG: / wral
About WRAL-TV:
WRAL is your Raleigh, North Carolina news source. Check out our videos for the latest news in Raleigh, local sports, Raleigh weather, and more at WRAL.com
#localnews #northcarolina #reality
Негізгі бет NC: Kane Realty shares vision for future of North Hills in Raleigh
Пікірлер: 2