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Triad Business Journal
Jun 14, 2021
With nearly all of its 2.1 million square feet currently occupied, Innovation Quarter in downtown Winston-Salem is set to embark on its second phase.
Monday morning, the Innovation Quarter officials unveiled a master plan for 1 million square feet new office, clinical and lab space and 15 acres of urban space covering 28 acres along both sides of Research Parkway south of the initial phase.
Unlike the first phase comprised largely of repurposed buildings of formerly R.J. Reynolds tobacco manufacturing plants, Phase II will be all new construction. Ten buildings in all are proposed, featuring similar mixed uses and ground-level activation found in the existing district.
The new phase is centered on Fogle Commons — a linear park designed to host larger-scale activities such as musical and arts performances, academic and corporate events, and casual play or recreation. The green space will serve to extend the Long Branch Trail by almost one-half mile, connecting it with the Third Street bridge.
Yeah, this looks great. Anyone see a timeline for when this project could start?
Right now there is no time line. The have to work out the financing. The first phase was a little easier because they had historic tax credits to renovate the old warehouses. This is new construction. Not sure if this will be built in phases or if they will build it out at one time.
Wow that aera is gonna be very dense once that phase gets built. Both Winston Salem and Greensboro are gonna get even more pricey to live in. With all that is going on!!! Which is a win for us that own property. I always pictured Winston being the cheapest city to live in, out of Charlotte, Raleigh, Greensboro area, but heck in a couple of more years Winston could be just as pricey if not more then Raleigh! I think Charlotte will always carry the highest pricetag out of the group. but I could be wrong.. it's really been incredible to see both Winston and Greensboro grow and transform..from years of the downtowns being nothing but borderd up abandoned factories to what they have become now!!!all it takes is a vision!
It projects like this that's going to make the business world around the country take notice. All the other downtown development in the Triad cities sweetens the pot. High Point is trying to make a little run. The development around its ballpark is probably the first major downtown development not associated with the furniture market in decades.
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