Downtown/NCSU Development Approved

A mixed use real estate development between Downtown Raleigh and NC State University has crossed the last approval hurdle. With a final approval vote of 6 to 1 (Crowder being the one who opposed) the Raleigh City Council gave the owner, a Charlotte-based developer, the re-zoning needed to begin the project which will include about 250 apartments. This announcement was made in the News and Observer on 10/20/10. As this article notes, the developer is still trying to finalize financing. You can get more information about the project on the developer's web site.