[I]N THE NEWS
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MAJOR DEVELOPMENT
Kane Realty Buys 28 Acres to Expand North Hills Innovation District
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▷ Driving the news
North Hills is about to get even bigger. And honestly, if you’ve spent any time around Midtown Raleigh lately, this probably doesn’t surprise you.
But wait until you see what’s coming next:
Kane Realty just purchased 28 acres along I-440, known as Midline Raleigh, for $72.3 million. And the plan? Expand the North Hills Innovation District, a project already valued at around $1 billion.
That’s huge.
Let me break down what’s actually happening here, because this expansion could reshape a big piece of Midtown over the next several years.
▷ A major expansion is underway
The newly purchased land includes The Pointe at Midtown, a 365-unit apartment community, and the Grove Towers office building, which totals about 115,000 square feet.
And here’s the big shift.
Both buildings are planned to be demolished to make room for a major mixed-use expansion connected to the North Hills Innovation District.
▷ What could be built next
Here’s where it gets interesting.
The 28-acre expansion will stretch the district closer to Wake Forest Road and is expected to include two main projects.
First, a high-rise residential building with amenities like a rooftop pool and clubroom.
Second, a mixed-use tower that could include hotel space, residential units, or offices.
The overall focus is on walkability, connections between buildings, and integration with nature. Kane Realty is also coordinating with the city on greenway extensions, expanded bike infrastructure, and a future multi-modal bridge across I-440.
▷ Why this matters for Raleigh
Here’s the big picture.
North Hills started decades ago as a traditional shopping center. Today it’s evolving into one of the Triangle’s most ambitious urban-style mixed-use districts.
And this new land purchase suggests the next phase of growth is just beginning.
More housing.
More office space.
More walkable streets.
And potentially one of the densest development hubs outside downtown Raleigh.
If you’re someone who loves seeing how the city is evolving, this is one project worth keeping your eye on.
Because honestly?
This expansion could shape what Midtown Raleigh looks like for the next 10 to 20 years.
IN CASE YOU MISSED...
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HOUSING DEVELOPMENT
New North Hills apartment project breaks ground. Will offer 300+ luxury units.
Five years after unveiling plans for its 33-acre Midtown Raleigh project, Kane Realty has begun phase five: the six-story Tributary residential building south of St. Albans Drive.
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TECH DEVELOPMENT
Microsoft confirms plans for 1,350-acre megasite north of Triangle. What to know.
After more than a year of speculation, Microsoft has confirmed it plans to build a new data center on 1,350 acres of land it owns in Person County.
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SITE REDEVELOPMENT
Former Kmart site to get a massive makeover in West Raleigh.
A long-vacant former Kmart site on Western Boulevard could see a $500 million redevelopment after the City Council rezoned the 12-acre property near I-440.
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