RALEIGH, N.C. – A major redevelopment project is in the works for downtown Raleigh.

Seaboard Station has been sold to developer, PN Hoffman, who plans to build a $250 million multi-purpose space on the land.

The development will include 650 apartments, 150 hotel rooms, and 90,000 square feet of retail space.

It is unclear what this means for businesses currently at Seaboard Station.

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