“This is great news for condo buyers in the lively downtown Raleigh market,” said Andy Andrews, president and CEO of Dominion Realty Partners. “With Fannie Mae approval, buyers can now get a 30-year fixed mortgage on a condo, where as they could not prior to this approval. We anticipate seeing buyers who wanted to live at The Plaza Condominiums, but were affected by the tight lending practices of banking institutions, to now be able to make living downtown a reality.”

Located off of Fayetteville and Martin streets, The Plaza Condominiums is the residential component of Raleigh’s tallest building, RBC Plaza. Offering one-, two-and three-bedroom units, The Plaza Condominiums features an amenities level with pool, home theatre, clubroom and state-of-the-art workout facility 23 stories above the city.

For information about The Plaza Condos or to learn more about Fannie Mae, please visit www.rbcplazacondos.com.

About Dominion Realty Partners, LLC
Dominion Realty Partners, LLC is a full-service real estate organization providing development, management, leasing, acquisitions and investment services. Collectively, the Dominion Realty team of professionals brings more than five decades of real estate experience in handling quality, environmentally friendly commercial and residential transactions in the Southeastern and mid-Atlantic United States.

Developers Break Ground On RBC Plaza
Developers today broke ground -- and revealed the name of -- what will be downtown's tallest building: RBC Plaza.

Raleigh developers Highwoods Properties and Dominion Partners and tenant RBC Centura Bank held a ceremony at 10 a.m. to celebrate the start of construction on the 33-story tower at the corner of Fayetteville and Martin streets.

It will be the headquarters for the U.S. subsidiary of Royal Bank of Canada when finished in 2008. READ MORE

Groundbreaking With Muscle And Style
Ceremonies become more elaborate as optimism, projects grow
Ed Fritsch climbed into the cage of the Bobcat 763, pulled down the loader's safety bar and cranked the ignition key.

The engine rumbled in the south Raleigh parking lot as Fritsch, wearing a crisp, white button-down shirt and striped tie, grinned like a boy realizing Tonka-truck dreams.

The CEO of Highwoods Properties wasn't testing the machine for kicks. He was practicing for one of the most elaborate groundbreaking ceremonies of his commercial real estate career.

When it comes to the 33-story tower his company will break ground on today -- its most ambitious project ever -- golden shovels aren't enough. READ MORE

City Council Green-lights RBC Headquarters Design
The Raleigh City Council on Tuesday approved the design for RBC Centura's long-awaited downtown headquarters.

The decision comes less than a week after the Raleigh Planning Commission accepted the bank's plan.

The 538-foot, 32-story tower will rise from a 0.83-acre lot on the south side of E. Martin Street between Fayetteville and South Wilmington streets. READ MORE

RBC To Build Downtown Tower
Raleigh's Skyline Will Look Dramatically Different In 2008.

RBC Centura officials announced Tuesday that the bank will build a 29-story, $100 million skyscraper in downtown Raleigh to house its headquarters. The building will be located at the corner of Fayetteville and Martin streets, next door to ABC 11's Raleigh Eyewitness News Center.

In addition to RBC's offices, the building will house shops and restaurants on the bottom level, several parking decks, space for other offices and 140 condominiums on the top floors READ MORE

Centura Building Will Rise From Retail To Condos
RBC Centura's new corporate headquarters, a $100 million project slated to be completed by 2008, will be a 29-story precast and glass structure from the drawing boards of Atlanta-based architectural firm Cooper Carry.

Architect Jerry Cooper, in a dark fedora and overcoat buttoned against the cold Tuesday morning, stood smiling in the crowd of onlookers as RBC Centura CEO Scott Custer announced the site and developer for his bank's new home. READ MORE