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Case Study Overview

Centennial Arena Area

Idlewild transformed more than 130 acres in Raleigh’s Centennial Arena district into a dynamic mixed-use destination directly across from PNC Arena and Carter-Finley Stadium. From acquisition and entitlement through horizontal and vertical development, the team managed the project through buildout and disposition. Today, the completed development includes residential, Class A office, hospitality, dining, education, and retail uses—demonstrating Idlewild’s ability to create value through complex, large-scale development.

Idlewild Image Arena 1.jpg

Investment Strategy

Mixed-Use Scale

More than 130 acres transformed into a vibrant mixed-use development featuring 462 apartments, 68 townhomes, 350,000 square feet of Class A office space, a hotel, restaurants, a private school, and retail.

Full-Cycle Execution

Idlewild led the project from phased land acquisition and entitlement through horizontal and vertical development, management, buildout, and ultimately the sale of assets to multiple end users.

Premier Location

Strategically positioned directly across from PNC Arena and Carter-Finley Stadium, the development benefits from a highly visible location within one of Raleigh’s established entertainment and employment corridors.

Project Impact

Fully built out and sold to multiple end users — a complete land-to-landmark cycle.

apartment units
town homes built

462

68

Commercial units
class a office space

5

350,000 SF

Investment Inquiry

Explore Future Opportunities

Connect with our team to discuss strategic investment projections and upcoming land transformation projects across the Carolinas.

Investment type
Residential
Commercial
Mixed-Use
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