301 W Cabarrus Street
Raleigh, NC 27601
292
Units
12
Floors
Executive Summary
Berkadia is excited to present an exclusive opportunity to acquire a prime 1.05-acre development site in the heart of Raleigh, right next to the Amphitheater Relocation and Convention Center Expansion project. Approved for a 12-story multifamily or hotel development, The Line at Convention Center Development Site offers a chance to create a unique community in one of the nation’s most dynamic markets, fueled by strong economic growth, a booming tech sector, and a lively cultural scene. With only three conventional market rate projects under construction nearby in Downtown Raleigh and hotel occupancy in Wake County reaching 69.7% in 2024 – exceeding both the statewide average (62.7%) and national average (63%) – this site is set to become a successful, landmark project and the region’s leading housing community for years to come.
Engineer
Crumpler Consulting Services, PLLC
Engineer Contact
Josh Crumpler: [email protected]
919-413-1704
Architecture
J Davis Architects
Architecture Contact
William Egan: [email protected]
(919) 612-1124
GC Pricing
McAdams (Hospitality), Clancy Theys (Multifamily), Barnhill (Multifamily). All relevant and available pricing documents are provided in the Berkadia data room.
Recombination of Parcels
All three parcels depicted on the page 21 map summary are included but need to be recombined. There is an un-recorded recombination plat provided in the Berkadia data room, and it shows all 3 parcels to be combined into one with the internal property lines removed.
Ownership Entities
Compass Raleigh 1031
Raleigh Dawson Assemblage
Offering Summary
- Price
- Bid Deadline
- City
- County
- Assessor's Parcel Numbers
- Zoning
- Gross Site Acreage
- Gross Site SF
- Residential Units
- Density
- Total Floors
- Current Use
- Future Use
- Brownfields Eligible?
- Utilities
Location
Photo Gallery
Contact Us
Charlotte Office
4201 Congress Street
Suite 200
Charlotte, NC 28209
Raleigh Office
4030 Wake Forest Road
Suite 300, Office 314
Raleigh, NC 27609
Charleston Office
121 Calhoun Street
Suite 200
Charleston, SC 29401
Greenville Office
355 S. Main Street
1st and 2nd Floor
Greenville, SC 29601
Investment Sales
Caleb Troop
Senior Managing Director
314.607.3481
[email protected]
Matt Robertson
Associate Director
919.812.3174
[email protected]
Thomas Colaiezzi
Director
901.603.8590
[email protected]
Dan Hawkins
Managing Director
240.204.5139
[email protected]
Kyle Stevenson
Managing Director
786.646.2591
[email protected]
Mortgage Banking
Josh Finley
Managing Director
404.654.2594
[email protected]
Adam Erickson
Director
404.654.2596
[email protected]
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.