RalCon Tumblelog
A year ago, developer Gregg Sandreuter envisioned a two-tower plan that would include the Triangle region’s tallest building and a smaller cousin. After six months spent negotiating key corner-property acquisitions, Sandreuter is seeing double.
Now his Edison is poised to sprout four towers over the next decade. Two would soar 39 stories above a smaller set of twins in one of the region’s most ambitious downtown development plans.
Russell Allen, Raleigh’s City Manager, wants the City Council to reopen bidding to developers who would compete to build on a 0.51-acre city-owned lot bordered by Salisbury, Lenoir and South streets.
The move would nullify such a contract already in place with Raleigh developer Empire Properties, which in 2007 was approved to build the 22-story Lafayette tower.