First Quarter Gains for Downtown Raleigh

by Ashley Wilson Realty Group

Downtown Raleigh gains seven new retailers and restaurants in the first quarter of 2016

Now that 2016 is almost halfway over we can fully assess the first quarter of the year. Downtown Raleigh has grown in popularity and size over the past few years so this growth is nothing surprising. The retail and restaurant market added eleven new retail and restaurant concepts to its street-level shop spaces in the Downtown Area.

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Four of those eleven new businesses were moved in almost before the closing business before them was moved out. Talk about a hot market! The latest report released by the Downtown Raleigh Alliance shows that ten of the eleven new businesses downtown were restaurants, ranging from a several locally-created dining concepts and one organic health food chain. Three of the six closing restaurants and shops from the first quarter have already been leased, converted and re-opened under new concepts and new ownership.

Restaurants New to Downtown Raleigh: 

  • Provenance opened in new space at the Skyhouse apartment building
  • B.good another of its chain restaurant locations at Charter Square
  • Café Helios  reopened in the coffee shop building at 413 Glenwood Ave. that had closed in 2014, this time under new ownership and management
  • Crisp Salad opened 222 Glenwood, replacing the former Zaky Mediterranean restaurant
  • Hadley’s Café opened in space vacated by the closing of The Borough
  • The San Lorenzo Bistro and Bar opened at City Plaza at 411 Fayetteville St. in the site of the former Twisted Mango restaurant
  • Raleigh Raw opened on Hargett St.
  • Virgil’s Original Taqueria opened at 126 S. Salisbury St.

Businesses New to Downtown Raleigh: 

  • Retro Modern Furnishings has moved into a larger location from Glenwood South and into The Hue building on Dawson Street
  • Mash and Lauter opened in the space formerly occupied by the late-night club, The Hive, at 225 S. Wilmington St. and remains under the same ownership

If you are interested in the Downtown Raleigh area contact Wilson Realty Group at (919)378-1974! Our expert agents are here to help you!