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Redgate’s New Plan for Franklin Street | Raleigh News
A major shift is underway downtown in Chapel Hill as Redgate, a Boston-based developer, reimagines 306 West Franklin Street — once slated for a life sciences wet lab — into a 95-foot mixed-use building with 225 apartments and ground-floor retail. The original 120-foot plan collapsed due to low market demand amid a broader slowdown in the Triangle’s life science sector. Community voices had split: some feared another vacant building, others saw it as vital for UNC spinouts. Now, with housing at the forefront, Redgate’s proposal aims to offer studios to three-bedroom units, including potential…
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