What Is One Nash Square?
A reset is underway at One Nash Square, a planned luxury condominium tower at 217 W. Martin Street in downtown Raleigh’s Warehouse District.
The project, led by Alchemy Properties, replaces an earlier 36-story mixed-use concept with a scaled-back 20-story building containing 82 for-sale residences.
A Reworked Downtown Proposal
It sits beside Nash Square Park, one of Raleigh’s mid-1800s public squares, giving the development notable historic context.
Current plans emphasize one- to four-bedroom homes, sophisticated finishes, private outdoor space, and skyline views. The tower is being designed by Morris Adjmi Architects, bringing world-class design to the downtown Raleigh skyline.
Location, Purpose, and Urban Pressure
Developer materials frame the site as walkable to CAM Raleigh, Videri Chocolate Factory, and Dix Park.
The shift from hundreds of planned rentals to an all-condominium format reflects changing priorities shaped by urban zoning, market strategy, and downtown positioning. Similar pressures are playing out in competitive housing markets where tight inventory continues to shape development strategy.
Construction was expected later in 2026, with move-ins targeted for mid-2027.
How Much Do One Nash Square Condos Cost?
Prices at One Nash Square start at $795,000, placing the downtown Raleigh tower firmly in the luxury tier from launch. Available data identifies that figure as the price floor rather than a full pricing schedule.
Public listings show the range reaching at least $1,615,000 and $2,860,000. That confirms multi-million-dollar pricing within the building.
Signals From Current Listings
Those examples also show pricing above $1,000 per square foot on some residences. One listed condo is priced at $1,233 per square foot, while another is listed at $1,034 per square foot.
That spread suggests differences tied to size and other unit characteristics, not a single uniform rate.
Market Implications
The pricing places One Nash Square above typical mid-market Raleigh condos and within a segment supported by strong $1 million-plus demand. In contrast to Columbus, where a 45% inventory increase has helped cool price momentum, Raleigh’s luxury launch pricing points to a very different market segment. For buyers evaluating resale trends and financing options, the clearest takeaway remains simple: luxury pricing starts at $795,000.
What Floor Plans and Finishes Are Offered?
One Nash Square is planned with 82 for-sale luxury condos in one- to four-bedroom layouts, but public materials stop short of publishing a full unit-by-unit floor plan catalog.
Available examples point to generous sizing, including a 966-square-foot one-bedroom and a 1,310-square-foot two-bedroom, two-bath home.
Marketing also references open living areas, dens in some residences, and private outdoor space with varied balcony configurations.
Finishes Signal Luxury Positioning
Interior specifications emphasize engineered oak flooring and a refined, contemporary material palette.
Open-concept kitchens are described with custom cabinetry, natural stone countertops, a matching backsplash, large islands, and Bosch appliances. Kitchen appliance branding is one of the clearer published details.
Bathrooms are presented as spa-inspired, with dual vanities, medicine cabinets, Kohler fixtures, oversized showers, and added rain shower heads.
What Amenities and Location Perks Stand Out?
Beyond unit layouts and finishes, the amenity package reinforces One Nash’s luxury positioning with a strong wellness and service focus.
Listings and project materials highlight a saltwater pool, state-of-the-art fitness center, yoga studio, sauna, steam room, and spa area.
A resident lounge, meeting rooms, an indoor pickleball court, and a fully attended lobby add both social and practical value.
Pet-friendly planning also stands out.
An outdoor dog run, dog wash station, and pet spa show that daily-use pet care is built into the amenity mix.
The tower’s site across from Nash Square remains the clearest location advantage.
That downtown Raleigh address in the Warehouse District supports walkability to dining, culture, CAM Raleigh, Dix Park, and Videri.
It also offers park and skyline views, along with onsite parking.
When Will One Nash Square Be Completed?
As of the latest reporting, One Nash Square is expected to be completed in 2027, with first move-ins currently projected for mid-2027.
That estimate aligns with Alchemy Properties’ stated construction timeline of roughly two-and-a-half years once work begins later in 2026 at 217 W. Martin St.
The 20-story, 82-condo tower remains in sales, while revised plans are expected to be resubmitted by the end of 2025.
| Signal | Emotional takeaway |
|---|---|
| Mid-2027 move-ins | Relief for waiting buyers |
| Late-2027 listings | Lingering uncertainty |
| Later 2026 start | Patience still required |
| Revised site plans | Progress, but not final |
| Permit risks | Delay remains possible |
Public listing data shows an estimated completion date of December 31, 2027.
City review timing and permit risks remain the clearest variables.
Assessment
One Nash Square enters Raleigh’s condo market at a high-stakes moment, with pricing from $800,000 placing it in the city’s upper tier.
The project combines new luxury inventory, downtown positioning, and modern amenities in a segment where supply remains limited.
Its floor plans, finishes, and timing will likely shape buyer response.
Completion details and release activity are expected to determine how quickly the development influences Raleigh’s evolving residential setting.
