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Nice to see places like Goldsboro and Kinston getting these types of projects done. Sorely needed.
“Sorely needed” is an understatement. The downtown area of Goldsboro looked horrible before the first phase of the Streetscape project kicked off in 2013. It looks much better now and isn’t dead anymore. Other areas of the city could still use a good sprucing up, though.
I’ve only seen downtown Kinston a couple of times many years ago, but I don’t doubt that it was way overdue for some serious TLC.
A 120-acre property in Holly Spring may soon be the site of one of the region’s latest mixed-use developments, with plans for a walkable campus complete with commercial, residential and medical space
This proposed structure is a 20-story office and residential building located on 301 Hillsborough Street, owned by the Fallon Company.
“The Fallon Company intends to redevelop the site into a large-scale mixed-use project that will include a combination of office, hospitality, multi-family and retail uses,” stated the company’s website. “The first phase of the project will consist of an approximately 300,000-square-foot Class A office building with complementary retail at street level. This phase is expected to break ground in the fall of 2019.”
2. The Nexus
California developer the Acquisition Group bought the downtown Raleigh former headquarters of The News & Observer for $22 million in 2017. In partnership with East West Partners, the company plans to redevelop the 1.5 million-square-foot site, deemed the Nexus, into a multi-use building that will feature office and residential space, retail and more.
Development plans include a 325,000-square-foot, 20-story office tower that will face Salisbury Street with ground floor retail. The first phase of development is slated for a 2021 completion.
3. Smoky Hollow
Located at 413 Harrington Street, this mixed-use space will feature 450 residential units and 225,000 square feet of office space, with ground floor retail.
Under the care of developer Kane Realty Corporation, the nine-story building is in Phase II of its development, bringing more residential and office space to the Glenwood South neighborhood of downtown Raleigh.
4. The Edge
Formerly known as The Edison Office site, Edge is located at 313 Wilmington Street and will be at least 19 stories of office space. H
ighwoods Properties, Raleigh’s largest commercial developer and owner of office spaces, finalized the acquisition in 2016. Edge will sit directly across from the city’s tallest building — the 33-story PNC Tower.
Plans and a timeline for development have yet to be announced.
5. Two Glenwood
Two Glenwood, also referred to as Tower Two at Bloc[83] is located at 607 W. Morgan Street. The 275,000-square-foot, 10-story building, will be used for Class A office and retail.
Located at the intersection of two of downtown Raleigh’s most prominent streets — Glenwood Avenue and Hillsborough Street — the building’s locale will make it a premier spot for work and play. Development under Heritage Properties, Inc. begins this summer and will follow the finalization of its sister structure, One Glenwood, which is slated for a 2019 opening later this winter.
Cabinet maker to bring HQ, manufacturing facility and 200-plus jobs to Charlotte region
A U.S. cabinet maker will move its production to Lancaster County from China and establish its headquarters in a former Duracell building in that county.
Adornus Cabinetry, which makes stylish frameless cabinets and other products for the home, will spend $10 million on the project and hire 210 employees over the next year.
A strong region makes for an even stronger Charlotte.
I’m low-key excited to see Raleigh Union Station today.
DC-CLT is useless, expensive and again — useless. And wayyy too long. I mean. Amtrak to Raleigh is still longer than driving from DC to Charlotte but at least ticket prices are worth it.
After looking at some pics online, I wish the station was built more oriented towards the actual train platform.
E-commerce and population growth driving Charlotte’s industrial real estate market
Charlotte’s industrial market continues to see strong momentum through the first half of 2019, and with healthy rates of absorption and rental growth despite record levels of new development, it remains the preferred asset class in the Queen City among institutional investors.
Industrial absorption totaled 1.5 million square feet through the first half of 2019, according to JLL research, with just over 1 million in the second quarter alone. The demand for new space is driven in part by the growth of the Carolinas: North and South Carolina both ranked in the top 10 nationally for population growth over the past year, according to the U.S. Census Bureau, and Charlotte is well situated geographically for distribution facilities that can cover both states.
E-commerce has been another major driver of demand and development. At the end of 2018, Amazon received construction permits for its fourth and largest distribution center in the Charlotte region, a 2.5-million-square-foot multistory facility that will be located on 100 acres north of Charlotte Douglas International Airport. A separate 1-million-square-foot distribution facility for Amazon is expected to open this year in Kannapolis
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