Construction is set to begin soon on what will be Raleigh’s largest residential tower — a development that will add to the city’s changing downtown skyline.
Why it matters: When completed, the Highline Glenwood tower will be 37 stories tall on the site of the historic Pine State Creamery building — edging The Eastern apartment tower in North Hills by one floor.
- The Highline’s construction is also a sign that developers and lenders are still confident that downtown Raleigh’s blistering growth will continue into the end of the decade.
Driving the news: The building’s developer, Turnbridge Equities, said it will begin work on the $200 million project next month after finalizing financing for the project from Axos Bank and the managed accounts of Manulife Investment…