Warehouse District Assemblage

Turnbridge acquired 307-313 W Martin Street and 310 S Dawson Street in March 2022 as part of an assemblage. The two parcels, which are located across the street from Downtown Raleigh’s Nash Square, include a pair of authentic brick-and-beam warehouse buildings totaling 37,000 square feet and are occupied by retail and commercial tenants along with surface parking. Collectively, the properties comprise 1.28 acres in the heart of Raleigh’s Warehouse District, which features a vibrant mix of art museums, restaurants, destination retail, mixed-use developments, and technology and creative firms. Turnbridge has since rezoned the site to DX-20, unlocking up to 20 stories of mixed-use development, and is advancing Martin + Commerce, a 20-story tower comprising approximately 220 luxury residential units and roughly 53,000 SF of ground-floor retail that integrates new construction with adaptive reuse of the existing brick-and-beam warehouse buildings. Like at Turnbridge’s Music Lane and 12 South projects, Turnbridge anticipates creating a vibrant downtown retail and mixed-use development with thoughtful design and retail co-tenancy. Subcontractor pricing is now committed on approximately 80% of the project’s hard costs and construction is expected to commence in 2027.