{"id":1004094547,"date":"2014-04-11T13:38:25","date_gmt":"2014-04-11T21:38:25","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=253727"},"modified":"2020-05-10T23:51:37","modified_gmt":"2020-05-11T07:51:37","slug":"raleigh-offers-38m-for-state-owned-dorothea-dix-property-near-downtown","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/raleigh-offers-38m-for-state-owned-dorothea-dix-property-near-downtown\/","title":{"rendered":"Raleigh Offers $38M for State-Owned Dorothea Dix Property Near Downtown"},"content":{"rendered":"<p><!--[if gte mso 9]><xml><br \/>\n<o:OfficeDocumentSettings><br \/>\n<o:AllowPNG\/><br \/>\n<\/o:OfficeDocumentSettings><br \/>\n<\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml><br \/>\n<w:WordDocument><br \/>\n<w:View>Normal<\/w:View><br \/>\n<w:Zoom>0<\/w:Zoom><br \/>\n<w:TrackMoves\/><br \/>\n<w:TrackFormatting\/><br \/>\n<w:HyphenationZone>21<\/w:HyphenationZone><br \/>\n<w:PunctuationKerning\/><br 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Name=\"Book Title\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"37\" Name=\"Bibliography\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"39\" QFormat=\"true\" Name=\"TOC Heading\"\/><br \/>\n<\/w:LatentStyles><br \/>\n<\/xml><![endif]--><!--[if gte mso 10]><\/p>\n\n\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n {mso-style-name:\"Table Normal\";\n mso-tstyle-rowband-size:0;\n mso-tstyle-colband-size:0;\n mso-style-noshow:yes;\n mso-style-priority:99;\n mso-style-parent:\"\";\n mso-padding-alt:0cm 5.4pt 0cm 5.4pt;\n mso-para-margin-top:0cm;\n mso-para-margin-right:0cm;\n mso-para-margin-bottom:10.0pt;\n mso-para-margin-left:0cm;\n line-height:115%;\n mso-pagination:widow-orphan;\n font-size:11.0pt;\n font-family:\"Calibri\",\"sans-serif\";\n mso-ascii-font-family:Calibri;\n mso-ascii-theme-font:minor-latin;\n mso-hansi-font-family:Calibri;\n mso-hansi-theme-font:minor-latin;\n mso-fareast-language:EN-US;}\n<\/style>\n\n\n\n\n<p><![endif]--><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Dorothea-Dix-campus.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-253728\" title=\"Dorothea-Dix-campus\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Dorothea-Dix-campus.jpg\" alt=\"\" width=\"300\" height=\"222\" \/><\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">City leaders have offered the state $38 million for the purchase of the 308-acre Dorothea Dix property near downtown Raleigh. The move would allow local officials to move forward with their plans of turning most of the former psychiatric hospital campus into an urban park. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">According to the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.newsobserver.com\/2014\/04\/02\/3752910\/raleigh-offers-to-buy-dorothea.html?sp=\/99\/104\/134\/\" rel=\"nofollow\" >NewsObserver<\/a><\/em>, the proposed sale price is slightly higher than the city\u2019s most recent appraisal of the property, which amounts to $37.45 million. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Under the agreement, the state would lease back a 40-acre portion of land for $1 a year over the next 15 years and pay between $11 million and $22.7 million for environmental cleanup costs. The property would house the administrative offices of the N.C. Department of Health and Human Services. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">A decision from the state is expected fairly soon, according to Bill Peaslee, an attorney for the state Department of Administration. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u201cThe city\u2019s proposal is being given thoughtful deliberation as the state balances the desire for a city park and the state\u2019s fiduciary duty to its citizens,\u201d Peaslee told the newspaper. <\/span><\/p>\n<p>Most recently, former Gov. Bev Perdue\u2019s long-term lease for the grounds was rejected by Republican lawmakers.<\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In regional multi-family news, JDavis Architects has received a 2014 IIDA Carolinas Design Works \u2013 Multifamily Residential Category Award for the interior design of the 267-unit Marquee Station apartment development in Fuquay-Varina.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Developed by Blue Heron Real Estate Opportunity Fund I, LLC of Chapel Hill, Marquee Station is located just off Highway 401, on the site of the former Cairo Drive-In Movie Theater. The community opened last year and offers a mix of one-, two- and three-bedroom garden-style apartments, as well as a variety of amenities, including a clubhouse, swimming pool with cabana, detached garage buildings, car wash, maintenance building and trash compactor.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Other design services provided by JDavis for the project included architecture, landscape architecture and procurement management. Clancy &amp; Theys Construction Company of Raleigh was the general contractor. <\/span><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\">Photo credits: twbuckner via Flickr<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>City leaders have offered the state $38 million for the purchase of the 308-acre Dorothea Dix property near downtown Raleigh. The move would allow local officials to move forward with their plans of turning most of the former psychiatric hospital campus into an urban park.<\/p>\n","protected":false},"author":1269,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1604],"tags":[1815],"class_list":["post-1004094547","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Raleigh Offers $38M for State-Owned Dorothea Dix Property Near Downtown - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/raleigh-offers-38m-for-state-owned-dorothea-dix-property-near-downtown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raleigh Offers $38M for State-Owned Dorothea Dix Property Near Downtown\" \/>\n<meta property=\"og:description\" content=\"City leaders have offered the state $38 million for the purchase of the 308-acre Dorothea Dix property near downtown Raleigh. 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