For years, a massive retail property on Western Boulevard — once occupied by a Kmart store — has sat vacant just outside Raleigh’s Beltline in Wake County.
It’s now under new owners and primed for a $500 million makeover after the City Council recently voted 5-3 to rezone the 12-acre site at the Western Boulevard and Interstate 440 interchange,about two miles west of N.C. State University.
Raleigh-based CityPlat may now build up to 20 stories of commercial mixed-used development, including apartments, up from the five stories previously allowed on the site…