As I often do, I went for a bike ride during my lunch break today. I figured I’d tour some of the construction sites I’ve mentioned and see what they actually look like.
First up is the iconic Hill Building (AKA the Sun Trust Building), which is busy becoming a boutique hotel and is on track for a 2015 completion date.
In the second shot you can see the edge of the Jack Tar, and the new (residential) skyscraper will be directly to the left of the Hill Building in that shot. No work has begun on either of those projects yet (estimated start date is in June).
Here’s the Kent Corner mixed use development, at the intersection of West Chapel Hill and Kent. I think this will be DCM‘s building, but I’m not positive. They’re hopeful for completion in early 2015.
Here’s the site of Capital Broadcasting Corporation’s new hotel going in next to the DPAC.
This is Phase III of West Village; new construction of apartments over formerly a surface parking lot. The structure includes a parking deck which will replace (and expand upon) the number of spaces which had been there previously. The rest of West Village is comprised mostly of renovated historic structures, so this is a bit of a departure; I’ll be interested to see how it integrates with the existing project.
Here’s the development at 501 Willard, which is owned by the same firm that owns North Point Center (home of Costco, Kroger, Home Depot, et al). They’re calling it “Whetstone Apartments“:
This is “605 West,” an apartment complex which is aimed at students. These apartments have replaced Ronnie Sturdivant’s dilapidated Urban Merchant Center on West Chapel Hill St. next to the DPDHQ and are on track for completion this year (in fact, their reps were out advertising at Brightleaf Square when we ate there a few days ago):
Visited, but not pictured: the future hotel on Holland Street which seems to be named the virtually ungoogleable “Hotel Durham.”
You may notice a theme here: lots and lots of condos and apartments. Like, a borderline troubling number of condos and apartments. The three hotels are probably good news (people have historically decried the lack of hotels near downtown, well now they can surely shut up about *that*) but I’m less convinced that all this building up is going to work out for everybody. Consider that construction is going to begin soon on the Liberty Warehouse condos as well, and you’re going to have a flood of units entering the market in 2014-2015.
As a homeowner, I’m watching with more than a little concern here. The markets for single family dwellings and condos are usually distinct, but if the pendulum swings too far and tons of condos are sitting vacant at bargain prices downtown, you can believe the single family market is going to feel the pinch too.
Can we support this growth? I’m not sure. Maybe. But in a best-case scenario where all these rooms are utilized, we’re going to be facing a ton of new challenges related to their success, especially with respect to parking and traffic.