Jamestown has formed a joint venture with Grubb Ventures to create Raleigh Iron Works, a dynamic mixed-use destination in Raleigh, N.C., at the crossroads of Raleigh’s Five Points, Person Street, and Mordecai neighborhoods.
The first phase of the multi-phase adaptive reuse project connects to Raleigh’s historic roots by combining the new with the old to create nearly 500,000 square feet of creative office space, 90,000-plus square feet of retail, and 220 residential units.
“While these types of iconic adaptive reuse projects are hard to come by, they are part of Jamestown’s DNA,” said Michael Phillips, president of Jamestown. “Raleigh Iron Works preserves a piece of the city’s industrial past, while creating a dynamic environment for creators, thinkers, and innovators to thrive.”
The initial phase of the project, valued at more than $150 million, includes the renovation of historic steel mills and warehouses that were once part of Peden Steel, an
