McDowell + Cabarrus

Investment Overview

Unique Development Opportunity at the Epicenter of Downtown Raleigh | Premier Hospitality, Hotel & Entertainment Development Opportunity Steps from the Expanding Raleigh Convention Center & New Red Hat Amphitheater Site

Investment Highlights

• Located directly across from the Raleigh Convention Center and future Red Hat Amphitheater site, this highly visible 0.58-acre property is at the heart of Downtown Raleigh’s premier entertainment district. With exceptional amenities and cityscape views, the site offers an ideal opportunity for a flagship hotel, luxury apartments, or impactful mixed-use development.
• Hospitality & Entertainment: Uniquely positioned to capture surging commercial and leisure demand generated by major convention center expansions and surrounding high-profile event venues.
• Robust Parking: Access to robust parking via long-term leases in neighboring private lots and the adjacent 900+ space Wake County parking deck. Development is further streamlined by significant zoning exemptions and parking requirement reductions.
• Conceptual Plans: Brochure features two turnkey conceptual layouts—a dedicated 168-key hotel development, and a high-density mixed-use apartment/retail project featuring an integrated 323-space parking deck.