Developers pay $38M for final piece of Downtown South. Here's when work could start.

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Two weeks after the Raleigh City Council approved a key rezoning request, the group behind the proposed Downtown South project has acquired the final piece of land for the development in a $38 million deal that closed Thursday morning. Steve Malik, owner of the North Carolina Football Club, along with Kane Realty and TradeMark Properties announced they've bought the final parcel for Downtown South The property includes 44.76 acres at the corner of South Saunders Street and Penmarc Drive. The property…

The Business Journals | Residential Real Estate News

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