Raleigh officials have given the development group behind the Charter Square project in downtown Raleigh more time to get the project started.
The City Council approved a request Tuesday to extend the required construction start date in the development agreement to Sept. 20, 2013.
Under the previous agreement, the developers were required to begin construction by Thursday or the city would have to repurchase the property.
The city sold the Charter Square development group a 1.75-acre site on Fayetteville Street in November 2008.
The development group has five years from the sale date to build an office tower on the site or the city must repurchase the property. That date likely will also need to be extended at some point over the next 14 months.
The Charter Square project is ultimately expected to include two towers. It has a 553-space underground deck that was built by the developer and then sold to the city.
Charter Square, like many other office tower projects proposed before the recession, has been delayed indefinitely while the development group tries to line up the necessary tenants that would allow the project to get financed.