32- and 20-story towers are in the works on Glenwood South. Here are the details
The City of Raleigh is currently reviewing a developer’s plans for what will become one of the tallest buildings in Raleigh.
Those plans call for 32-story and 20-story towers with housing, office and retail on the redeveloped site of the historic Creamery building on the corner of Glenwood Avenue and Tucker Street, located in the heart of the bustling Glenwood South restaurant and nightlife district.
The towers will include 200 one-bedroom and 61 two-bedroom units and include a 10-level parking garage, with space included for restaurants, retail and bars, plans show.
The Creamery building on 400 and 410 Glenwood Avenue sits on 2.4 acres and currently houses Sullivan’s Steakhouse, Milk Bar and Pine State Public House in addition to other businesses and office space.
Its New York-based developer Turnbridge Equities bought the property in March 2020 for $34.7 million.
The firm filed a request last year to rezone the property to allow for building up to 40 stories high on the property. The Raleigh City Council approved the request in April.
Turnbridge Equities did not respond to emails and calls from The News & Observer requesting an estimated timeline for the project and other details.
The project will only partially demolish the building for redevelopment, and total up to 976,438 square feet when completed. It’s also slated to include an “outdoor urban area” on a quarter of an acre.
The historic Creamery building was built in 1928 and was formerly the home of the Pine State Creamery dairy products plant.
When complete, the 32-story tower will be among the tallest in the city, joined only by the 32-story PNC Plaza tower, the 431-foot BB&T tower and the upcoming 35-story Walter tower in North Hills.
Turnbridge Equities also owns the historic Mutual Tower in downtown Durham and previously announced it would revitalize that structure and its office space.
The firm previously owned the Cary Towne Center mall with plans to redevelop it, but sold it to Fortnite developer Epic Games in January. Epic Games plans to turn it into its new headquarters.
This story was originally published October 7, 2021 at 9:00 AM.
