Hue–the newest Raleigh condominiums and mixed-use development, featuring condos, shops and restaurants is scheduled for ground-breaking this month. Trammel Crow Residential, developer of another Raleigh condominium and mixed-use project, 222 Glenwood, just closed this week on a 1.73 acre site in downtown Raleigh. The site is located in the Warehouse district at the NW corner of Hargett and Dawson Streets.

Hue will include 208 condominiums with pre-construction pricing starting from $160,000. According to Tom Barker, TCR’s Senior Managing Director, these condominiums “offer buyers a sophisticated alternative for downtown condominium living that emphasizes value.” This price point should allow more people into the market for downtown Raleigh condominiums.

Hue will also include 7,500 sf of shops and restaurants on the first floor (street level). For condo residents, Hue will have a fitness center, private pool and sundeck, courtyard with barbeque grills, and a 300-space 6-story parking garage. The 7-story building will make a splash on the Raleigh condominium scene with its bold blue and yellow colors and contemporary styling.

Groundbreaking will take place in late August with units available in Spring 2009.

I’ve added Hue to the Raleigh Condominium and Loft Listing and will be reporting updates as they become available.