10-story office tower could be coming to Glenwood South

The developers behind the under-construction One Glenwood tower in the Glenwood South section of downtown Raleigh have submitted plans to the city for another 10-story tower.

The new tower would be placed adjacent to the 10-story One Glenwood tower at the southeastern corner of Hillsborough Street and South Boylan Avenue in the rapidly developing Glenwood South section of downtown.

The plans state that the tower would be built on four parcels combined into one. Heritage Properties, the developer behind One Glenwood, already owns two of the parcels at the corner — which make up more than half an acre it bought in February for $5.2 million — but it hasn’t acquired all of the land yet.

The four separate parcels have a combined assessed value of around $4.8 million.

The property is currently home to an older office building and the bar Dram & Draught.

Ryan Blair, vice president of development and acquisitions for Heritage, declined to comment on the project, saying that it was "too premature" to speak about specifics.

But the submitted plans, which call the project Two Hillsborough, describe the new tower as mixed-use office and retail with a total square footage of 273,267 square feet.

The plans also say that the project will include two one-story retail buildings — 4,850 square feet in total — around the main tower.

The current zoning on the property allows for 12 stories.

In the past, Blair and Heritage have described the $100 million One Glenwood project as a potential link between Glenwood South and the warehouse district. The two are currently separated by a rail line.

“The location is just a phenomenal location with the proximity to North Carolina State, the proximity to all the restaurants and amenities and retail on Glenwood South and the connection to the warehouse district with the new Union Station,” Blair told The N&O in 2016.

The Heritage-owned property is at the southern edge of Glenwood South, where several new apartment communities have opened or are in various stages of development. It’s also just a few blocks northwest of business software company Citrix’s headquarters, the planned Union Station transit hub and the warehouse district site where Kane Realty built the Dillon.

It's also located near the Boylan Heights neighborhood.

The One Glenwood project, which also includes a boutique hotel, could be completed by the end of the year.