The Raleigh City Council unanimously approved the first steps Tuesday toward redeveloping two parking lots into a hotel with over 500 rooms and an adjacent office and residential tower.
Citing a “once-in-a-lifetime” opportunity to turn prime downtown space into hotel, office, and residential space, the City Manager’s Office recommended the city start seeking developers for the hotel.
The hotel and tower would be located on a city-owned 2.5-acre parcel on Fayetteville and West Lenoir streets across from the Raleigh Convention Center and the Duke Energy Center for the Performing Arts.
