City leaders are weighing six different development proposals for the long-abandoned Stone’s Warehouse a few blocks southeast of downtown.
A city council committee took a first look at the proposals Tuesday, which range from a charter school to condominiums to a grocery store. Some, however, haven’t proposed to keep any of the original building, which carries a historic designation and was once home to Carolina Coach Garage and Shops.
Council members said they’d like a new development that maintains some of that historic architecture. “A historic building shouldn’t be buried inside the project,” Councilman Russ Stephenson said.
They’ll also likely prioritize the proposals that reflect the city’s Comprehensive Plan goal for the neighborhood – two- to three-story mixed-use development.
“A lot of folks participated in the Comprehensive Plan,” Councilman Thomas Crowder said. “I think we need to be very faithful to that unless we have some extenuating circumstances.”
If the council chooses a project with a residential component – and only the charter school doesn’t have one – Crowder wants to ensure affordable housing units are included. “Personally I’m a big fan of mixed income,” he said.
The new owner of the property at Davie and East streets isn’t likely to keep the site’s current tenant – a Rex Healthcare senior health clinic, considered a key amenity for the neighborhood. Each developer indicated that the city’s current lease rate to Rex is too low, though some said they’ll help Rex move nearby.
The city sought new development proposals after plans to build affordable apartments for artists fell through. The proposed Raleigh Arts Village didn’t win $4.1 million in low-income housing tax credits needed to fund a renovation.
The council committee asked the six developers to submit refined plans based on the priorities mentioned Tuesday.
Here’s what the initial six proposals involved: