Yesterday, Kane Realty Corporation submitted a rezoning application to the City of Raleigh for recently purchased land in the southern entrance to downtown Raleigh along the South Wilmington Street, South Saunders Street, and I-440 corridors. The vision for this project was announced in June 2019 and is widely referred to as the “Downtown South” development, a proposed mixed-use project that will include new office, housing, retail, hospitality and entertainment spaces.

This land was purchased in December 2019 and includes a total of 133.09 acres. The request to rezone before the Raleigh City Council asks for the land to go from being zoned as an IX-3, IX-3-PL, IX-4-PL, IH, and R6, to Commercial Mixed Use, up to 40 stories with Urban Limited frontage (CX-40-UL). The goal of this rezoning request is to be able to facilitate the public amenities, and include a stadium for sporting events, concerts, festivals, trade shows and more.

Pursuant to the City of Raleigh rezoning application, Kane Realty will host at least two community meetings with surrounding property owners, then report to the Raleigh Planning Department the results of the neighborhood meetings. Listening to surrounding residents is a top priority to ensure that this bold development offers a place for neighbors and visitors to work, live and play, creating a catalyst for growth in South Raleigh.

“The Downtown South development has been a work-in-progress for a long time and now we are finally starting to see the plans fall into place. This project is going to be connected and influenced by the surrounding community and has the potential to be transformative for South Raleigh and the broader city,” said John Kane, CEO of Kane Realty.