Planned Tower Goes From 12 To 40 Stories In Raleigh

Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com PLANNED TOWER GOES FROM 12 TO 40 STORIES IN RALEIGH The City Council in Raleigh, North Carolina, unanimously approved a rezoning request from Zimmer Development Corp. that takes a proposed downtown building from 12 to 40 stories, The News&Observer reports. Located on a vacant 1.5-acre plot at 506 Capital Boulevard near the intersection of Peace Street, the proposed tower now allows for up to 1,466 residential units and 1.7 million ft2. Landon Zimmer of Zimmer Development said his family hopes to land a big corporate tenant to fill most of the building, with retail on the lower level. Should a "corporate whale" fail to materialize, the mix could include multifamily units, office space and a hotel. The Zimmer property is directly across from the growing Smoky Hollow development from Kane Realty. Image credit: courtesy of Zimmer Development Co. To read the full transcript of today's podcast, visit: elevatorworld.com/news Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn