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Jamestown, Grubb Ventures Start Construction on $150 Million Mixed-Use Project in Raleigh

First Phase of Raleigh Iron Works Includes Renovation of Peden Steel Mills, Construction of New Apartment Building
Raleigh Iron Works is set to bring creative offices, retail and residences to Raleigh’s Five Points, Person Street, and Mordecai neighborhoods. (Jamestown/Grubb Ventures)
Raleigh Iron Works is set to bring creative offices, retail and residences to Raleigh’s Five Points, Person Street, and Mordecai neighborhoods. (Jamestown/Grubb Ventures)
By Carlos Likins
CoStar News
February 23, 2021 | 5:49 P.M.

Global investor Jamestown and developer Grubb Ventures have started construction on the first phase of Raleigh Iron Works, a $150 million mixed-used development in Raleigh, North Carolina.

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News | Jamestown, Grubb Ventures Start Construction on $150 Million Mixed-Use Project in Raleigh