City Council Approves Edison Project
The Raleigh City Council today approved plans for The Edison by a vote of 6-2 (Crowder and Koopman opposed). Crowder is concerned that the city is rushing to approval without considering issues such as the projects’ shadows on neighboring buildings, worsened wind tunnel effect, exceptions to setback guidelines, and lack of Tier One housing. Koopman expressed his inability to understand the project’s context and its impact on the neighboring blocks, including Moore Square. Other concerns raised regarded traffic impacts in the immediate area as well as fire response issues the complex introduces. Councilman Isley vehemently expressed his approval for the project and feels that it is time that we reap the benefits of hundreds of millions of dollars of public investment into downtown.
The Edison is the latest project proposed in downtown by local developer Gregg Sandreuter, and will be located on the block bounded by Wilmington, Martin, Blount, and Davie Streets. The proposed 1,570,900 square foot project includes two 38-story (574′) and two 29-story (369′) towers rising out of a shared, 9-story base. The project will contain office space, a possible hotel, hundreds of dwelling units, and 1,706 parking spaces.
The Edison’s design is anything but finalized, though. Setback issues, space allocation, building heights, and other factors will be ironed out over many months. The project is expected to take around a decade to fully mature (including all 4 towers), and pre-leasing is expected to begin in 2010.
images courtesy Gregg Sandreuter
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