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Charter Square Project Clears Hurdle

The long-anticipated Charter Square project has passed an important milestone on its way to completion. Following a public hearing held during its July 9 meeting, the City of Raleigh Planning Commission voted unanimously to approve the project.

The 11-story building will be constructed on top of a City-owned underground parking lot at the south end of Fayetteville St., across from the Marriott Hotel. The construction site was acquired from the City for $5.28 million in November 2008.

The new building will provide 243,379 square feet of office space and 27,875 square feet of retail space. Charter Square LLC plans include construction of the building to the United States Green Building Council’s Leadership in Energy and Environmental Design (LEED) Platinum standards.

Open-space requirements will be met by an 11,500-square-foot open pedestrian plaza located to the north of the new building.

Construction is anticipated to begin in late 2013. Completion is expected within 12 months of the start date. A second building is anticipated to be constructed on the north end of the site at an undetermined date.

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