New high-rise apartment building in the works for Raleigh
By Nbc17 Staff
A new high-rise apartment building will soon be added to Raleigh's skyline.
Novare Group says SkyHouse Raleigh, a proposed 23-story luxury apartment tower, is in the early planning stages.
The 320-unit building will be located on the corner of Martin and Blount streets in downtown Raleigh.
“SkyHouse is aimed at young professionals who want a luxury in-town residential experience in a location where they can walk to restaurants, entertainment and work. It is a luxury high rise product that is intended to be a rental community from the outset and is specifically targeted at those who relish life in the city. We like downtown Raleigh and particularly the Edison location a lot,” said Jim Borders, President of Novare Group.
Novare Group expects to start construction on the building later this year with a projected total cost of $60 million.