All posts by Brooke

Market Insights

Convention Hotel Coming to Downtown Raleigh

City of Raleigh has selected Omni Hotels to develop a convention hotel in downtown.

The new hotel is anticipated to include 550 guest rooms and 55,000 SF of meeting space. The hotel will also feature several food and beverage outlets, a rooftop pool, a signature Mokara spa, and a fitness center.

Omni posted on their website that the property will be built on an over one-acre lot across from the Raleigh Convention Center and Martin Marietta Center for the Performing Arts at the end of Fayetteville Street. It is expected to open in 2027.

York Gives Back

York Attends BELIEVE Bash

Our Chief Financial Officer, Kris Bracy, has served on the Board of BELIEVE – Stroke Recovery Foundation since it was started in 2020. Her friends, Jennifer and Michael Erwin, established the foundation after Michael suffered a stroke. Their goal was to help others who have experienced strokes navigate the financial and emotional challenges of their journeys back to independence.

Kris is happy to serve on the Board because it is clear to her that the support the foundation provides makes a real and meaningful difference in the lives of stroke survivors and their families. She also knows firsthand how impactful it is to have support when dealing with a personal or family health crisis.

The BELIEVE Bash, which was the foundation’s first fundraiser, raised more than $117,000. There were approximately 200 people in attendance and York was a proud sponsor. Guests bid on silent auction items and enjoyed food from PoshNosh Catering.

Fun Stuff

NBA Legend Scottie Pippen is Coming to the Village District ABC Store

Join us on Wednesday, September 13th, for a slam dunk event!

NBA legend Scottie Pippen is coming to the Village District ABC store to introduce his new bourbon, “DIGITS,” and he will be signing bottles while on site.

Don’t miss the chance to meet Scottie Pippen, savor the taste of “DIGITS,” and get your bottle signed by the legend himself!

The ABC store is located at 420 Woodburn Rd, Raleigh, NC 27605 and the event will run from 5-7 PM.

Tenant Highlight

Coastal Urge Opens Second Location in the Village District

Coastal Urge is opening their second retail store in the Village District this Friday, 9/8. Coastal Urge is a locally-owned company that sells golf, pickleball, and tennis athletic apparel, as well as resort wear items and accessories.

Coastal Urge’s first store is located in Bald Head Island. Claude Pope III, the owner of the company, also owns Bald Head Blues, a clothing brand founded in 2014 that has a strong customer base in the Triangle. In addition to its online store and corporate wholesale business, Bald Head Blues also has a retail store in Bald Head Island.

Coastal Urge will be the only store of its kind in the Village District. We hope you will come by and take a look!

Market Insights

New and Expanding Companies in Wake County

A recent report released by Wake County Economic Development lists 21 companies collectively investing over a quarter billion dollars and creating nearly 1,200 jobs during the reporting period of October 1, 2022 – June 1, 2023.  Below are the largest “new jobs” creators from the report:

COMPANY                                       INDUSTRY                                                       NEW JOBS

Wyndy Childcare, Logistics, Software                400
Lumuta Health Healthcare, Software/IT                154
FUJIFILM Irvine Scientific Biotechnology/Pharmaceuticals                100
AgEagle Software/IT, Drone Technology                100
Berk-Tek Advanced Manufacturing, Telecommunications                100

 

View the full report to learn more about new jobs and companies investing in Wake County.

Tenant Highlight

Café Carolina Reopens New Location

Café Carolina reopened on Monday, August 14th, in their new location (the former So•Ca) in the Village District. Whether you are a party of 1 or 10, there is a variety of great seating options both inside and out.

Come check out the space – we think you’re going to love it!

To view Café Carolina’s menu, visit their website.

Company News

CoStar Selects Judson McMillan and Skipper Day for Q2 2023 Power Broker Deal Awards

Congratulations to Judson McMillan and Skipper Day on being selected as second-quarter 2023 winners of the CoStar Power Broker Quarterly Deal Awards for Raleigh/Durham.

York is proud to provide leasing and property management services at 5000 Falls of Neuse Road in Raleigh. The property is positioned within the Falls of Neuse/Six Forks submarket in an attractive infill location just minutes from numerous retail centers, dining options, and emerging residential. Suites from ± 2,419 to ± 6,460 SF are currently available.

Contact Judson McMillan or Skipper Day for additional information about leasing.

Fun Stuff

Vote for York in This Year’s “Raleigh’s Best” Contest

We are honored to have been nominated for two categories in this year’s “Raleigh’s Best” contest:

  • Commercial Real Estate
  • Property Management

Online voting is open through August 4th. You can find all the categories at VoteRaleighsBest.com. Look for York under the Commercial Real Estate category.

Special thanks to all of our clients, tenants, partners, and supporters for the nomination. We have had the privilege of serving our community since 1910 and are looking forward to the next 100 years!

Client Highlight

Meow City Opens its Doors at Village Square Shopping Center

Calling all cat lovers!

Meow City is now open at Village Square Shopping Center in Cary. The nearly 1,300 SF store offers a “colorfully curated collection of cat-wares and creative gifts for the cat lover in your life.”

Meow City’s hours of operations are Tuesday-Saturday from 11-7 PM. It is located at 659 Cary Towne Boulevard, Cary, NC 27511.

We are pleased to provide leasing and property management services at Village Square Shopping Center.