RALEIGH, N.C. – A feasibility study conducted by JLL – the second-largest commercial real estate services firm in the world – on behalf of the City of Raleigh and Wake County has found the $1.9 billion mixed-use development in downtown Raleigh proposed by North Carolina Football Club owner Steve Malik and other local partners would “have a positive impact on the placemaking goals articulated in the Destination Strategic Plan.”

The study was the latest step following last June’s proposal to create Downtown South, a mixed-used development that would include 1.6 million square feet of office space, 1,200 hotel rooms, 1,750 residential units, 125,000 square feet of retail and service space, green space and public areas as well as a stadium with a potential 12,000-seat capacity which would become home to the USL Championship’s North Carolina FC and National Women’s Soccer League’s North Carolina Courage.

Since the initial announcement, the purchase of 88 of the entire Downtown South project’s 130 acres has been completed, as announced by Malik, John Kane of Kane Realty and Billie Redmond of Trademark Properties this past December.