The continued expansion of the Triangle has created a substantial need for new housing options throughout the greater Raleigh-Durham area. Many of the suburban and rural communities throughout the region have already experienced massive growth. Still, the area’s urban core requires city leaders and builders and developers to reimagine what housing looks like both now and for the future of the Triangle.
Some builders and developers have already focused their attention on Residential redevelopment Inside the Beltline (ITB) of the I-440 Interstate. Because the inner beltline circles Raleigh and its downtown area, it’s a highly desirable location due to its many amenities. Downtown Raleigh is a historic area, and it is home to the city’s government buildings, museums and art galleries, high-end restaurants, performing arts venues, and more.
Understanding Raleigh’s history as the city grows
Many of the neighborhoods and subdivisions within Raleigh are filled with homes built early in Raleigh’s development, including some that pre-date the Civil War. According to Raleigh’s 2030 Comprehensive Plan, the city’s infrastructure building period took place between 1875 and 1900. Its boom first began in the 1920s, which is evident in its historic neighborhoods, where colonial and bungalow homes are popular. After World War II, the city experienced massive growth and began expanding into the areas surrounding it, which is why land is sparse in Raleigh today. In areas where land is available, the land is costly due to its location.
Looking toward the future Inside the Beltline
As city leaders look for smart ways to grow, they have six key themes in mind that represent the future of Raleigh’s beltlines, which include: Economic Prosperity and Equity, Expanding Housing Choices, Managing our Growth, Coordinating Land Use and Transportation, Greenprint Raleigh—Sustainable Development, and Growing Successful Neighborhoods and Communities.
Big initiatives for the city within the plan include housing options that will complement the historic areas within city limits and bring in diverse households. The plan calls for more housing that can meet the entire population’s needs, working to ensure affordable housing is readily available, all while protecting the city’s historic character.
Current redevelopment within Raleigh
Developers and builders are already focusing on building within Raleigh. For example, developer Kane Realty is in the process of redeveloping a former shopping destination in the North Hills neighborhood to serve as an innovation district. This 33-acre district will provide retail and workspaces and a mix of single-family homes, estate homes, condos, apartments, and townhomes.
Kane Realty is also planning two separate residential developments, Park City South and Downtown South, both designed to create walkable communities and opportunities for businesses to bring economic growth to the southern edge of Raleigh. Multi-level residential buildings will bring a mix of affordable, mid-range, and luxury housing options to the area.
There are also senior-specific communities under construction within the inner beltline. Primavera is a senior-living complex that will provide affordability for ages 55+ who make under the median income. Hayes Barton Place is a new senior living community designed to match the Hayes Barton historic homes while providing in-home care for its residents.
Luxury homebuilders are also driving demand Inside the Beltline. For example, Exeter Homes builds custom estate homes Inside the Beltline at a price point that will draw in executives from across the country who are ready to call Raleigh home.
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