Announced

Downtown South

Downtown South is a roughly $2 billion, approximately 140-acre mixed-use district taking shape just south of downtown Raleigh, North Carolina, along the South Saunders Street corridor near Interstate 40.

Official Website
TMW IntelligenceVerified Oct 7, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
180
Keys
1275
Units
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Details

1400 South Saunders Street, Raleigh. 1275 residences and 180 hotel keys. Financed with $2B in June 2026.

The story so far
Announced 2022 est.
Tenant announced Sep 2022AEG Presents signed to operate the district's Gensler-designed 3,500-capacity indoor concert venue with a rooftop lounge (also Axios Raleigh)
billboard.com
Phase 1 filed Jun 2026Kane Realty filed plans for the first phase, 350 garden-style apartments across eight three- to four-story buildings on 11 acres of South Saunders Street
raleighmag.com
Expected groundbreaking Late 2026 est.
Expected opening date TBD
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Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW Intelligence

The outlook for Downtown South

Timing, similar projects and market pressure, read from every development in our database.

The Raleigh market 18 · Balanced supplySouth Saunders 7-project pipeline · 3,758 residences and keys · peak Late ’28 Explore the market →
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About the project

Downtown South is a roughly $2 billion, approximately 140-acre mixed-use district taking shape just south of downtown Raleigh, North Carolina, along the South Saunders Street corridor near Interstate 40. Spearheaded by Kane Realty founder John Kane and North Carolina FC owner Steve Malik, the development is anchored by a 12,000-to-15,000-seat soccer stadium and surrounded by office space, residential neighborhoods, a hotel, and retail. Envisioned as a catalyst for the area, it is one of the largest development efforts ever proposed in the Raleigh market.

Developer & design
Common questions

Frequently asked

Where is Downtown South located?

Downtown South is located in Raleigh.

When will Downtown South be built?

Downtown South is an announced development that has not yet started construction.

Who is developing Downtown South?

Kane Realty Corporation is the developer behind Downtown South.

Who designed Downtown South?

Downtown South was designed by 10 Design.

How big is Downtown South?

Downtown South features 1275 residences and 180 hotel keys.