{"id":3029,"date":"2026-06-22T20:38:45","date_gmt":"2026-06-22T20:38:45","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=3029"},"modified":"2026-06-22T20:38:45","modified_gmt":"2026-06-22T20:38:45","slug":"after-a-decade-of-delays-downtown-raleighs-crane-lot-is-finally-moving-ahead","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=3029","title":{"rendered":"After a decade of delays, downtown Raleigh\u2019s \u2018crane lot\u2019 is finally moving ahead"},"content":{"rendered":"

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

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

For years, 2510 Hillsborough St. sat frozen in time \u2014 a half-built shell<\/a> with a crane looming over a project that never happened.<\/p>\n

Read more Hurricanes\u2019 coach Rod Brind\u2019Amour snubbed by Hockey Hall of Fame once again<\/a><\/p>\n

Now, the long-stuck site is in new hands and finally showing signs of life. It\u2019s being reborn as a 7,800-square-foot, mixed-use commercial building directly across from N.C. State University.<\/p>\n

Instead of the long-promised residential tower, new owner Raleigh-based CityPlat<\/a> is repositioning the site<\/a> for flexible, \u201copen-air\u201d retail, restaurant, bar, event and office uses. It\u2019s reusing the existing concrete frame \u2014 the same structure that sat unfinished for years \u2014 while the sidewalk is being rebuilt as part of a full streetscape upgrade.<\/p>\n

\u201cWe\u2019re hoping to be finished with construction this winter,\u201d CityPlat principal Patrick C. Moore<\/a> said in an email.<\/p>\n

\u201cMost of it will be interior to the building, so the sidewalk work shouldn\u2019t take very long,\u201d he added.<\/p>\n

The Hillsborough Street property has been one of Raleigh\u2019s longest-running development failures.<\/p>\n

The saga began in 2014, when the developer, Hillsborough Lofts, signed a contract with Wright Construction to build a seven-story student-oriented apartment building with 10,000 square feet of ground-floor retail, The N&O previously reported<\/a>.<\/p>\n

The site sits beside the former Alley bowling alley (now Target), in one of the densest stretches of the N.C. State corridor.<\/p>\n

A crane went up in June 2015, but the project stalled almost immediately. By December of that year, Hillsborough Lofts fired its contractor, accusing Wright Construction of delays. In 2017, an arbitration panel ruled the opposite: The developer \u2014 not the contractor \u2014 was responsible for the repeated setbacks and had wrongfully ended the contract.<\/p>\n

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Shortly after losing arbitration, Hillsborough Lofts filed for Chapter 11 bankruptcy, freezing the dispute and leaving the site in limbo. Meanwhile, the crane remained \u2014 unused, shifting in the wind, and increasingly seen as a safety hazard and symbol of dysfunction on Hillsborough Street.<\/p>\n

By early 2019, the city confirmed<\/a> the crane would finally come down, with removal targeted for N.C. State\u2019s spring break to minimize disruption. But officials warned that dismantling the crane would not resolve the underlying issue: the property remained tied up in litigation, with no clear path forward.<\/p>\n

In 2021, CityPlat acquired the property for approximately $1.25 million, according to Wake County deed records<\/a>. (It has a total assessed value of $1.35 million.)<\/p>\n

A year later, the firm secured rezoning for a five-story building after reducing an earlier request for seven stories. It explored a boutique hotel but dropped the idea due to economic conditions. It also evaluated student housing and discussed adding a public art installation, Triangle Business Journal<\/a> reported.<\/p>\n

Because office and retail vacancies along Hillsborough Street are essentially nonexistent \u2014 0.5% for office and 0.9% for retail, according to leasing materials \u2014 CityPlat concluded that a retail-focused commercial building was the most reliable, low-risk use of the site.<\/p>\n

Already, the firm has signed two tenants. They include Rally House, a national sportswear retailer, and a national food and beverage operation, \u201cwhom I can\u2019t quite disclose at this time,\u201d Moore said.<\/p>\n

In recent years, CityPlat has become one of Raleigh\u2019s most active infill players. Projects range from the former Western Boulevard Kmart redevelopment<\/a> to a major Hillsborough Street apartment assemblage<\/a>, plus adaptive\u2011reuse concepts like The Yard in Glenwood South<\/a> and several townhome and mixed\u2011use holdings across the city.<\/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 Here are 9 alcohol-related laws you need to know if you\u2019re going to drink in NC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After years of delays at 2510 Hillsborough St, CityPlat is building a mixed-use retail and office project across from NC State.<\/p>\n","protected":false},"author":1,"featured_media":3027,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nAfter a decade of delays, downtown Raleigh\u2019s \u2018crane lot\u2019 is finally moving ahead - Durham Moving Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/durhammovinghub.com\/?p=3029\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"After a decade of delays, downtown Raleigh\u2019s \u2018crane lot\u2019 is finally moving ahead - 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