Wake County

After demolition, Carolina Coach site heads for sale

The old Greyhound 'Carolina Coach' warehouse and outbuilding complex in downtown south Raleigh. With the buildings demolished, the property was benig readied for sale in May 2015.
The old Greyhound 'Carolina Coach' warehouse and outbuilding complex in downtown south Raleigh. With the buildings demolished, the property was benig readied for sale in May 2015. hlynch@newsobserver.com

Demolition crews tore the brick warehouses from a lot south of downtown last month, quashing any dreams of rehabilitating the place.

Now, the former home of the Carolina Trailways and Carolina Coach depot is headed to the market, opening about four acres for development.

“We are currently in the process of getting the property ready for sale,” Lanesha Gipson, a spokeswoman for Greyhound, wrote in an email.

Previously, the nonprofit Passage Home had hoped to redevelop the historic site, preserving its buildings.

The deal had seemed like a possibility, with talks continuing for months before Greyhound pulled out and began the demolition in March.

That decision dismayed preservation advocates, as historic brick buildings present a rare, attractive opportunity for local developers.

Greg Hatem, one of the more prolific downtown developers, said the demolition killed his interest in the land.

“We certainly had interest in it when there were historic buildings. It’s a lot less interesting to folks like us now. At this point it’s just a development site, and it’s pretty far out,” he said.

The land is several blocks south of Martin Luther King Jr. Boulevard, a sort of unofficial southern limit for downtown’s commercial activity and nightlife. The block-sized property is surrounded mostly by small houses and another warehouse, plus the railroad to the west.

“It still feels very industrial over there. ... It’s going to take, I believe, a decade before the character of that area really changes,” Hatem said.

That’s apparently not holding off other parties.

“We have had several parties express interest in the property,” wrote Gipson, of Greyhound.

The company must complete some work on the site, she added, before anything more can happen. She didn’t say how long that might take, nor supply its asking price.

Kenney: 919-829-4870;

Twitter: @KenneyNC

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