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Transactions - FEBRUARY 23, 2021

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Jamestown, Grubb Ventures to develop mixed-use destination in Raleigh, N.C.

by Released

Jamestown and Grubb Ventures, a developer based in Raleigh, N.C., have announced the start of construction on the first phase of Raleigh Iron Works, a dynamic, mixed-use destination that will bring nearly 500,000 square feet of creative office space, more than 90,000 square feet of retail, and 220 new residential units to Raleigh’s Five Points, Person Street and Mordecai neighborhoods.

Construction began Feb. 23 with crews from Brasfield & Gorrie focusing on excavation and foundation work for the residential building, and infrastructure work for the new roads and utilities at the 18-acre site.

Located at 2200 Atlantic Ave., minutes away from downtown Raleigh and the design district, as well as 12 colleges and universities in a thriving tech and research sector, Raleigh Iron Works has been designed to serve as a community destination with a diverse mix of shopping, dining, wellness, event and outdoor spaces. The first phase of the project includes the renovation o

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