Fallon Company unveils plans to develop mixed-use project in North Carolina

WCN Editorial Team 28 Aug 2019 NORTH AMERICA BUILDINGS

The Fallon Company, a US-based real estate developer, has unveiled its plans and details related to its new mixed-use development located in Raleigh, North Carolina.

Sprawling over a 1.86-acre site, the new three-tower Raleigh Crossing development will include 280,000ft² of office space, 18,000ft² of retail space, a 165-room hotel, 135-unit apartment community along with an expansive, flexible outdoor amenity terrace and expanded sidewalks and an activated ground level.

Fallon will break ground next month on the first phase of the project, which will include a commercial tower located at 301 Hillsborough Street. Designed by Duda | Paine Architects, the first phase will include over 280,000ft² of prime office space, extensive public amenities with ample outdoor and indoor seating, a modern fitness studio, 12,500ft² of retail space.

The Fallon Company president Michael Fallon said: “Located in the heart of downtown, Raleigh Crossing will be the city’s premier mixed-use destination. The 301 Hillsborough commercial office tower will lead the way with best-in-class amenities, a bold and unique design, and a vibrant and expansive public realm.

“We look forward to breaking ground on Raleigh Crossing at an important moment in downtown Raleigh’s evolution into a national destination, further defining the neighborhood as an ideal place to live, work and play.”

The second phase of the project will include the hotel and the residential offerings, along with more than 7,000ft² of retail space.

It is claimed to be a pedestrian-oriented mixed-use community, which will span nearly a full city block and will provide a spacious outdoor amenity for multi-purpose use, including fitness classes and community events.

Established in 1993, The Fallon Company is a real estate owner and developer, headquartered in Boston, Massachusetts with regional offices in Charlotte and Raleigh, North Carolina.

The firm has developed more than $5bn (£4.1bn) in real estate, representing more than six million ft² of property.

Earlier this year, the company announced that Pendo, a cloud developer, had agreed to relocate its corporate headquarters to Raleigh Crossing.

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Image: Rendering of Raleigh Crossing. Photo: Courtesy of Business Wire

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