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Highwoods Tapped for 29-Story Mixed-Use Development

RALEIGH, NC- RBC Centura Bank selects the locally based real estate services REIT to develop a 29-story building that will include street-level retail topped by the bank's headquarters, which in turn will be topped by 10 stories of residential condominiums.

By Brian K. Miller | Updated on December 06, 2005

RALEIGH, NC-RBC Centura Bank has selected locally based Highwoods Properties Inc. to develop a new 29-story Downtown mixed-use tower that will house its corporate headquarters below 10 floors of residential condominiums. RBC is currently headquarters in Rocky Mount, 60 miles east of the city on Highway 64. The relocation is slated to occur upon completion of the building in 2008.

The building will rise on a 0.83 acre parcel at the corner of Fayetteville, Martin and Wilmington streets. It will stand approximately 400 feet tall and will encompass more than 710,000 sf of space on 25,000-sf floor plates. Components will include RBC Centura’s corporate offices on five floors; an RBC Centura branch bank, along with other retail; a seven-level parking deck; five floors of for-lease office space; and approximately 140 residential condominiums.

The bank’s retail branch will occupy 4,000 sf on the first floor, along with another 10,000 sf of retail space. Parking will occupy floors 2 through 8. The bank’s headquarters will be located on floors 9 through 12 plus the 18th floor, for a total of 126,000 sf. Another 140,000 sf of for-lease office space will be located on floors 13 through 17. The residential condominiums will be on floors 19 through 29.

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