Is Raleigh getting ugly, or is it just me?
Raleigh is quickly looking like a second-tier replica city dictated by developer’s profit margins. All of our new housing developments are plywood wrapped in terrible materials; they’re poorly designed, unfriendly to the street, and, frankly, an eyesore.
Elan City Center could be one of those at Clark+Oberlin, on N Boylan, S Wilmington or N Person, by Trader Joe’s, or anywhere else in the country. It looks familiar because Greystar, a developer from Charleston, owns 44 complexes in Raleigh, Durham and the RTP alone, and they’re not the only developer in town. There are currently over 2,500 unit under construction in Downtown and Glenwood South.
The real problem is that none of these complexes offer affordable housing. With studios starting at $1,050, they have priced out singles making under $50,000 and couples making under $25,200 each (given a 25% income allowance for rent). How can the City of Raleigh champion itself as friendly and diverse at these prices?
My hope is that in 10 years–when the facades are tattered, plywood floors bowed, and amenities dingy–there will be so many units empty that the prices will drop. Finally, Raleigh will have affordable housing downtown–unless the developer razes the building for bigger profit margins.
This is the only reason why I am glad we are not building like the Capitol Apartments anymore.
If the City of Raleigh wants downtown Raleigh and the surrounding neighborhoods to be a hub of creativity, diversity, and innovation, then it needs to start acting more like a benevolent developer + leader and less like a doormat. I suggest that they give the Appearance Commission real authority and require all new developments offer a percentage of their housing available to low-income families, similar to the Town of Chapel Hill.
“The Town shall encourage developers of residential developments of 5 or more units to (a) provide 15 percent of their units at prices affordable to low and moderate income households, (b) contribute in-lieu-fees, or (c) propose alternative measures so that the equivalent of 15 percent of their units will be available and affordable to low and moderate income households;”
Until then, we can only wait until poor design and quality works in favor of lower socio-economic groups.
P.S. lol at the stock images on the websites for these developments.