GoTriangle’s Board of Trustees voted Wednesday to authorize the agency’s interim CEO and president to begin negotiations with a potential developer for the Raleigh Union Station Bus Facility on West Street in downtown Raleigh.
After evaluating three proposals to develop the nearly 2-acre project next to Raleigh Union Station, GoTriangle and its partners chose Hoffman & Associates as the preferred developer. The transformational project will include a street-level bus transfer facility topped by up to 40 stories of market-rate and affordable housing options, office and retail space, and perhaps a hotel.
Shelley Blake Curran, GoTriangle’s interim CEO and president, now has the authority to negotiate agreements with Hoffman & Associates related to development and long-term operation of the property and to work with the Federal Transportation Administration, which last December awarded a $20 million federal BUILD grant to help build the facility.
“This project has incredible potential to connect critical transit access to housing and jobs and educational opportunities in ways we haven’t seen in the Triangle, and the proposal that Hoffman & Associates submitted best captures our vision,” Curran says. “We cannot wait to get started on the next phase of the transit hub and mixed-use development that only will improve the quality of life we enjoy in the Triangle.”
If negotiations lead to a signed contract with Hoffman & Associates, construction on the project should begin in 2020. Hoffman & Associates, based in Washington, D.C., planned to open an office in Seaboard Station in Raleigh this fall.
The bus facility together with the adjacent Raleigh Union Station, served by 10 trains a day, will create a multimodal hub, allowing people to take an Amtrak or even commuter train to Raleigh and then hop onto a GoTriangle or GoRaleigh bus to get to their final destinations.
A 37-mile commuter rail project is included in the Wake Transit Plan, which was approved in 2016 by voters who also chose to invest a half-cent sales tax to invest in the plan. The line as proposed would run from Garner through downtown Raleigh to Durham, with stops in Cary and Morrisville.