
Dominion Pares Back Raleigh Highrise Plans
Dominion Realty Partners of Raleigh has submitted plans for the first phase of its Salisbury Square project, which is across from the Martin Marietta Center for the Performing Arts. The plans show a 7-story residential building with a connected parking deck.
The residential mid-rise tower will have 545 units, with an average size of 856 square feet per unit. The Triad Business Journal reports that Dominion Realty originally planned a 20-story mixed-use tower (photo) with 304 apartments, office and retail space for phase one but changed plans due to uncertainty in the office sector and financial markets.
For Salisbury Square, amenities for the 7-story building will include three courtyards, a swimming pool, club room, game room, fitness center and sky deck and lounge on the seventh floor.
In 2022, Dominion Realty acquired the site at 700 S. Salisbury St. for $35.5 million. An office building on the site was torn down in 2023 to make way for the development.
The post Dominion Pares Back Raleigh Highrise Plans appeared first on Connect CRE.
Dominion Realty Partners of Raleigh has submitted plans for the first phase of its Salisbury Square project, which is across from the Martin Marietta Center for the Performing Arts. The plans show a 7-story residential building with a connected parking deck. The residential mid-rise tower will have 545 units, with an average size of 856 …
The post Dominion Pares Back Raleigh Highrise Plans appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
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