brought to you by

Category Archives: Commercial Real Estate

Raleigh’s City Market Hopes for Moore Square Renovation

Raleigh's City Market

Downtown Raleigh’s City Market celebrated its 100-year anniversary last week with live music, street performers, and special menus from Big Ed’s Restaurant and Smoked Out ‘n’ Fried. Unfortunately, events like the Centennial Celebration have been few and far-between for the market building, and countless small retailers have come and gone in the area. Now, with hundreds of apartments being developed within a couple of blocks, City Market owners are feelingRead more about Raleigh’s City Market Hopes for Moore Square Renovation

Raleigh’s Warehouse District Welcomes Modern Citrix Offices

Citrix Shipping Container Conference Rooms

Citrix Systems, a Florida-based tech giant, unveiled its new downtown Raleigh facility last week and is making a statement with its unique design. Tech Talent Magnet The 170,000-square-foot office has been transformed from a steel warehouse into a “magnet” for tech talent. The product of 20 months and 69,000 manpower hours, the building features shipping container conference rooms and I-beams as design elements. Also included are padded swings in the library,Read more about Raleigh’s Warehouse District Welcomes Modern Citrix Offices

Downtown Durham Plans an Innovation Renovation

Grand plans are underway as business leaders hope to bring innovation and new jobs to downtown Durham’s north side. The plans are expensive, with a build-out cost of  $300 million, but not unlike the $200 million transformation of the American Tobacco Campus on the south side of town. The project, called “Durham Innovation District” or “Durham.ID,” would stretch along the 200, 300, and 400 blocks of Morris Street and looselyRead more about Downtown Durham Plans an Innovation Renovation

Chatham-Randolph Megasite Focuses on Bringing Automaker to Central NC

Chatham County is moving toward an economic transformation with a 1,818-acre “megasite” that will be used by local and state officials to lure a single, very large industrial user. The property sits along the Chatham-Randolph county line and is divided between two owners, Tim Booras and D.H. Griffin Sr., who have both signed an agreement to keep their properties as a megasite for two years. The megasite received official N.C.Read more about Chatham-Randolph Megasite Focuses on Bringing Automaker to Central NC

NC State’s Talley Student Union Project

  Talley Student Union  is undergoing the final phase of its $120 million renovation and expansion. Tim Hogan, North Carolina State University’s director of student centers, said students should anticipate Phase II opening during spring 2015 if construction continues on schedule. Phase II includes a new four-story, sky-lit atrium featuring a louvered wood art installation, a video wall facing the exterior Stafford Commons, a new bookstore, renovation of theRead more about NC State’s Talley Student Union Project

Chapel Hill Considering the Sale of Six Town Properties

Chapel Hill is considering the sale of six properties, including Old Town Hall, as a means to bring in extra money. Other buildings on the list are the former Sport Arts Building, two fire stations, the parks and recreations offices, and a parking lot. The town of Chapel Hill has increased capital improvement needs as a result of the economic downturn. According to Dwight Bassett, Chapel Hill’s economic developmentRead more about Chapel Hill Considering the Sale of Six Town Properties

North Hills Expansions Spring 2014

Raleigh’s North Hills development is a trendy spot for the city’s Midtown, and development continues to boom with the goal of a multi-generational community that caters to young professionals and retirees. In the last 11 years, Kane Realty Corp. and its partners have invested over $750 million in the redevelopment of North Hills. North Hills unveiled its latest addition, Midtown Park and amphitheater, on Saturday with live music, fashion shows,Read more about North Hills Expansions Spring 2014

Downtown Raleigh Revitalization

Outgoing Raleigh chief planning and development officer Mitchell Silver spoke at the annual State of Downtown Raleigh event Thursday morning and discussed the future prospects for Raleigh’s downtown core. The event was Silver’s last public speaking engagement in Raleigh before he starts his new job in New York City in May. Silver shared the 2013 accomplishments for the city, including: Completed $343 million in new commercial development projects StartedRead more about Downtown Raleigh Revitalization

Raleigh’s Union Station Project

Raleigh’s Amtrak station is on track for a new location and modern design complete with retail and commercial office space on three levels in an effort to make the facility pay for itself. The Raleigh City Council recently approved preconstruction services for the new station, which consists of engineering work in support of the design. Construction is scheduled to begin in early 2015 and to be completed in earlyRead more about Raleigh’s Union Station Project

RTP Plans New Residential and Retail Center

Research Triangle Park was established in 1959 as a means to keep university graduates seeking science and engineering jobs in the area. Now, after acquiring nearly 100 acres nears 1-40 for $17M, the private not-for-profit that manages RTP, Research Triangle Foundation of North Carolina, is introducing a residential and retail development project. The deal is RTP’s first step toward transforming itself from a series of sprawling corporate campuses intoRead more about RTP Plans New Residential and Retail Center