Under Construction

Seaboard Station

Seaboard Station is Hoffman & Associates' mixed-use neighborhood on the north edge of downtown Raleigh, spread across roughly 6.7 acres between the historic Seaboard Railroad Station and William Peace University off Peace Street.

Official Website
TMW IntelligenceVerified Oct 9, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2025
Start
149
Keys
577
Units
7
Floors
Scroll for details
Details

707 Semart Drive, Raleigh. 7 floors, 577 residences and 149 hotel keys. Broke ground 2025. Financed with $198.8M from United Bank in November 2022.

The story so far
Announced Sep 20, 2022Turnbridge Equities revealed a two-tower, 680-unit redevelopment of the historic Seaboard Station; Raleigh City Council approved the rezoning Sept 20, 2022
abc11.com
Financing secured Nov 2022$198.85M construction/development loan led by United Bank (syndicate: Burke & Herbert, Sandy Spring, Dogwood State) for Seaboard Station Phase 2, per Multi-Housing News
multihousingnews.com
Phase 1 complete 2023Seaboard Station's first phase opened, delivering the retail and restaurant district on the north edge of downtown Raleigh
axios.com
Hyatt House opens at Seaboard Station Oct 10, 2024the 149-room Hyatt House Raleigh Downtown held its official grand opening within the district, adding the hotel component alongside the delivered residential blocks
prweb.com
Broke ground 2025
Tenant announced 2026Tenant: The Common Market signs its first Raleigh location, a 4,700 sf market and cafe with a large patio at 807 Halifax Street in Seaboard Station, opening late 2026
commonmarketisgood.com
Next phase underway Apr 2026Hoffman & Associates started construction on a roughly 20,000-square-foot retail renovation of the existing building at 802 Semart Drive
axios.com
Under construction
Expected opening date TBD
See the full story with Pro7 more dated, sourced milestones on this project, from announcement to opening.
Start free trial
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 Seaboard Station

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

The Raleigh market 18 · Balanced supplySeaboard Station 7-project pipeline · 3,758 residences and keys · peak Late ’28 Explore the market →
Pro tools
Compare projectsSide by side with any projectAnalyze the marketSupply, pricing and timing
About the project

Seaboard Station is Hoffman & Associates' mixed-use neighborhood on the north edge of downtown Raleigh, spread across roughly 6.7 acres between the historic Seaboard Railroad Station and William Peace University off Peace Street. The redevelopment has layered three apartment buildings, The Signal, The Point and The Miles, totaling 577 residences from studios to three-bedroom homes, lofts and townhouses, over a walkable grid of restaurants, shops and patios. A 149-room Hyatt House with a rooftop bar and restaurant anchors the hospitality side, and the existing retail buildings along Semart Drive are being renovated for new tenants including The Swing Bays indoor golf venue and The Common Market. The City of Raleigh has also approved a social district at Seaboard Station, letting visitors carry drinks between participating venues. Hoffman's project is separate from the taller residential towers Turnbridge Equities has planned on the historic train station site across Seaboard Station Drive.

Developer & design
Common questions

Frequently asked

Where is Seaboard Station located?

Seaboard Station is located in Raleigh.

When will Seaboard Station be completed?

Seaboard Station is under construction.

Who is developing Seaboard Station?

Hoffman & Associates is the developer behind Seaboard Station.

Who designed Seaboard Station?

Seaboard Station was designed by Cline Design Associates.

How big is Seaboard Station?

Seaboard Station rises 7 stories with 577 residences and 149 hotel keys.