{"id":1347,"date":"2026-05-30T14:35:46","date_gmt":"2026-05-30T14:35:46","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=1347"},"modified":"2026-05-30T14:35:46","modified_gmt":"2026-05-30T14:35:46","slug":"after-multiple-delays-raleighs-downtown-south-is-progressing-whats-in-store","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=1347","title":{"rendered":"After multiple delays, Raleigh\u2019s Downtown South is progressing. What\u2019s in store"},"content":{"rendered":"

AI-generated summary reviewed by our newsroom.<\/p>\n

Read our AI Policy.<\/a><\/p>\n

Downtown South began as a stadium-anchored megaproject<\/a> on Raleigh\u2019s southern edge more than seven years ago.<\/p>\n

Read more Durham residents can get DPAC ticket discounts. That doesn\u2019t mean they will<\/a><\/p>\n

But after years of political fights, financing delays and shifting market conditions<\/a>, it is only now inching forward \u2014 starting not with a stadium, but with \u201cgarden-style\u201d apartments.<\/p>\n

Kane Realty<\/a> filed site plans on May 27 for 350 new units across eight buildings at 2400 S. Saunders St.<\/a> that will reshape one of Raleigh\u2019s busiest gateways.<\/p>\n

Set on 11 acres of undeveloped forested land, it will be a mix of 3- and 4-stories, including 210 one-bedrooms, 133 two-bedrooms, seven three-bedrooms, surface parking (521 spaces), a clubhouse, pool and courtyards.<\/p>\n

Triangle Business Journal<\/a> first reported the filing.<\/p>\n

\u201cThe project represents the initial phase of Kane Realty\u2019s long-term vision,\u201d Greg Kuruc<\/a>, Kane\u2019s managing director of development, said in a statement.<\/p>\n

He added the property will meet housing demand while \u201csupporting the ongoing growth of southern Downtown Raleigh and the Dix Park area.\u201d<\/p>\n

Kuruc declined to commit to a timeline.<\/p>\n

Downtown South is a long-planned, 140-acre mixed-use district along South Saunders Street. First unveiled<\/a> in 2019 by developer John Kane and soccer executive Steve Malik, the project was pitched as a $2.2 billion sports and entertainment hub anchored by a 20,000-seat stadium.<\/p>\n

Read more NC woman accused of shooting attorneys to face mental evaluation. How that works.<\/a><\/p>\n

Raleigh City Council approved the rezoning<\/a> in 2020 after a contentious debate over gentrification, public subsidies and the stadium\u2019s financing. But the project stalled as interest rates rose, office demand softened, and lenders grew more cautious.<\/p>\n

Developers have since shifted to a phased approach, starting with housing and retail while stadium plans remain unfunded.<\/p>\n

By 2023, Kane had secured permits<\/a> for a seven-story residential building and a 3,500-seat music venue, but financing delays pushed back construction.<\/p>\n

The latest filing is the first tangible step toward breaking ground on a project now expected to unfold over many years.<\/p>\n

The first phase is expected to bring 1,000 housing units, 60,000 square feet of retail, 535,000 square feet of office space, and a 180-room hotel.<\/p>\n

Keep up with the latest Triangle real estate news by subscribing to On the Market, The News & Observer’s free weekly real estate newsletter. Look for it in your inbox every Thursday morning. Sign up here<\/a>.<\/p>\n

Read more How a Wake Forest commissioner\u2019s story inspired the town\u2019s Mental Wellness Fair<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After years of delays, Downtown South in Raleigh begins with 350 garden-style apartments at 2400 S. Saunders St., launching a long-term mixed-use vision.<\/p>\n","protected":false},"author":1,"featured_media":1346,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nAfter multiple delays, Raleigh\u2019s Downtown South is progressing. 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