February 26, 2018
In early 2018, Clancy & Theys began construction work on the new Publix‐anchored, mixed‐use Peace development in downtown Raleigh. Tower cranes are scheduled to be erected on site by mid‐2018.
The project’s development team—a partnership between Williams Realty and Building Co., Kane Realty Corporation and Lionstone Investments—began securing land for the project in 2008. The development is located in the old Smokey Hollow neighborhood, southeast of the intersection of Peace and West streets.
When complete, the 11‐story, concrete Peace development will be home to a 45,600‐square‐foot Publix, downtown Raleigh’s first grocery store, as well as 417 apartments, a 735‐car parking garage and 5,340 square feet of retail and office space.
Clancy & Theys is partnering with architect Cline Design Associates, civil engineering firm Withers & Ravenel, MEP firm Lighthouse Engineering and structural engineering firm Brockette Davis Drake on the construction of the Peace development. The project is slated to be completed in 2020.
Clancy & Theys is thrilled to be a part of this exciting new project and looks forward to continuing the growth in downtown Raleigh.
Triangle Business Journal subscribers can read more about the Peace development and its new financing package here.
