Moxy Coming to Raleigh – Connect CRE
Vision Hospitality has purchased a quarter-acre lot in Raleigh’s Glenwood South in order to build a Moxy hotel. The Triangle Business Journal reports Vision paid $4.6 million for the parcel. Turnbridge Equities was the seller. Turnbridge paid $3.7 million for the piece in 2020. The parcel is part of a larger assemblage by Turnbridge, including the historic Creamery building where Turnbridge has plans to build two mixed-use towers – one rising 36 stories and one 21 stories.
Vision has filed plans to build a 9-story, 169-key hotel under the Moxy name. The brand is owned by Marriott International and is known for its boutique-style atmosphere at a competitive price.
The Moxy hotel site is currently a surface parking lot. Site plans for the Raleigh hotel show a flex meeting room, a kitchen, a bar, a food truck space, a lounge and patios.
ODA Architecture is listed as the project’s architect, and O’Kane & Associates is listed as the civil engineer.
