Redevelopment of Moore Square East and South

Updates

On November 16, 2022, City Council accepted the staff recommendation to initiate negotiations with the development teams led by LODEN Properties and LODEN Hospitality for the disposition and development of the Moore Square East and South sites:

The other RFP submissions not selected:

On October 3, 2023 City Council authorized staff to include three additional parcels into the Moore Square South disposition:

226 E. Martin Street (Norwood House)
333 Blake Street
339 Blake Street

The LODEN Hospitality team has agreed to move the Norwood House to another location facing Moore Square in the Moore Square Historic District, and to partner with Artspace to provide gallery and studio space in the expanded footprint along Blake Street and along S. Person Street.

Background

Moore Square East and South Redevelopment Map

The City of Raleigh-owned parcels included in the RFP are outlined in green and yellow.

The City of Raleigh requested proposals from one or more firm(s) for the redevelopment of two City-owned sites:

Moore Square East is a +/- 2.5-acre site located at 215 S. Person St., Raleigh, NC, with frontage on S. Person, E. Martin, S. Bloodworth, and E. Hargett Streets.
Moore Square South is current a +/- 0.9-acre site at 225 E. Davie St., and 228- 230 E. Martin St. consisting of a parking lot adjacent to the historic City Market.

These city-owned parcels are a rare, generational opportunity for the city to act on its aspirational policy goals and directly impact the future of our downtown. The intent is to attract developer(s) that will deliver a high-quality, mixed-use product that could include Office, Retail, Residential, and/or Hospitality development and to create housing opportunities for those that would otherwise be unable to live in our central business district. The projects are expected to contribute to the vitality and vibrancy of the adjacent assets of Moore Square Park and the historic City Market, and to downtown generally. The City encourages creative and innovative proposals and is looking to private sector thought leaders for innovative ideas that maximize the potential of this signature site in our downtown.

The City Council has demonstrated its commitment to affordable housing through multiple policy and programmatic initiatives. The maximization of affordable housing units is a key consideration for the evaluation of proposals.

2023 State of Downtown Report - Provides market trends, population data and projections, data on downtown development, and overviews of everything downtown from arts and restaurants to tourism, green space, the local food movement and much more.

DRA Quarterly Market Report - Provides information on current and planned developments, food and beverage tax revenue, and other market trends.

Moore Square Park Cafe and Trellis

Redevelopment of Moore Square East and South RFP

Redevelopment of Moore Square East and South Appraisal Report

Redevelopment of Moore Square East and South Environmental Conditions

Redevelopment of Moore Square East and South RFP Pre-Submission Presentation

Redevelopment of Moore Square East and South RFP Q&A