Client Highlight

Construction Continues for Vertical Mixed-Use Community 400H in Downtown Raleigh

Construction is ongoing for 400H – the first vertical mixed-use project within the Glenwood South and Warehouse Districts in downtown Raleigh. Estimated delivery for this site is Fall 2023.

The project layout is designed as follows:

  • 20 stories
  • 11 Apartment Levels
  • 16,000 SF Street Level Retail
  • 150,000 SF Office Space
  • 8,300 SF Shared Amenities

We are excited for the opportunity to activate and manage the 16,000 SF of retail space in this project!

For more information about retail leasing, contact John Koonce.

Client Highlight

Capital Square’s Groundbreaking of 320 West South Street Mixed-Use Development

Capital Square broke ground last week on their luxury mixed-use multifamily and retail development located at 320 West South Street. The 20-story high-rise will include nearly 300 apartment homes and 10,000 SF of retail, which we are excited to have a part in activating!

320 West South Street is located in Raleigh’s Warehouse District, within easy walking distance of dining, nightlife, transportation hubs, and venues including RedHat Amphitheater and Raleigh Union Station.

Capital Square is a national real estate firm specializing in tax-advantaged real estate investments. Founded in 2012, Capital Square has more than $2 billion in equity raised.

To learn more about their current projects, visit their website.

Client Highlight

Raleigh Union Station wins NACE Award

On Tuesday, March 8th, Raleigh Union Station was presented with a NACE Triangle of Excellence award for “Best Team Event” for our Palm Springs Event Planners Brunch.

The event was produced by our event staff and the City of Raleigh.  We are very excited to work with so many industry pros including:

Fresh Affairs  ·  C&D Collective  ·  Aneesa Glines  ·   CE Rental Raleigh  ·  Alyssa Ruth  ·  Arie Corin Events  ·  Kelli Ranck Harrison  ·  McCormick Creations & Co.

The awards gala was held at Raleigh Union Station and our RUS Events Manager, Karen Clymer, was there to accept the award.

360 Photo Booth Video with RUS Events Manager, Karen Clymer

Client Highlight

Gateway Plaza Welcomes Newest Tenant

Levitate, with its “Keep-In-Touch Marketing” philosophy recently opened at Gateway Plaza Shopping Center on Crabtree Boulevard in Raleigh.

Levitate competes with email service companies like Mailchimp by providing more intimate communication tools, like reminders to message a customer personally, notes on previous conversations and analytical breakdowns of outreach. The company also provides marketing coaches to offer strategic support.

Leviate

 

Client Highlight

Bona Furtuna Coming to the Market

Keep an eye out for a fantastic new brand coming soon to Triangle grocers.

Luxury olive oil, pasta, sauce and seasonings maker, Bona Furtuna, has signed a lease for 5,100 square feet at 2205 Westinghouse Boulevard, Raleigh. The location will be a packaging and distribution facility for products from the company’s namesake – Bona Furtuna farm in Corleone, Sicily.

York broker, Brian Wallace, was privileged to provide tenant representation.

More about Bona Furtuna

Client Highlight

Welcoming The Wade – Raleigh’s Newest Condominium

Beacon Street Hits the Mark

From the Triangle to NC’s inner coastal communities, Beacon Street Development has made a name for itself by designing and developing traditional, high-end condominiums like Fairview Row and waterfront neighborhoods like Moss Landing. Its design approach is inspired by great places and architecture, contextualized to create livability and enduring value for its neighbors.

Beacon Street’s newest project is The Wade, a twenty-nine unit condominium situated on the edge of Hayes Barton neighborhood within walking distance of Cameron Village and Fletcher Park in Raleigh. York is pleased to manage The Wade’s Condominium Association. The Wade began welcoming residents in November 2019 and currently has only 4 residences remaining.

Condos during COVID – A Tough Sell?

Condominium development in Raleigh, generally, has historically been a hurdle. The last condo boom was right before the great recession when several projects had to convert to apartments or sell in foreclosure. Today, a world-wide pandemic offers new challenges to condominium ownership, even in a hot housing market.

However, according to Justin Hime, Assistant Project Manager for the Wade, sales have been steady at The Wade, even enjoying an uptick during the summer. Residents have formed bubble communities with each other – taking advantage of the owners’ retreat, rooftop terrace garden and private balconies for socially-distanced small gatherings.  In many ways the condominium’s residents feel safer and less isolated than if they were living in single family homes. The pandemic has also brought a few college-aged kids and young adults back under their parents’ roofs, filling up those second and third bedrooms.

When asked about the mix of residents, Hime reported that about 50% of the residents are from the area or have family here and the other 50% were swayed by Raleigh’s accolades to relocate. Hime also mentioned there is a healthy mix of young professionals, empty nesters and retirees that makes for great, supportive inter-generational living and friendships.

It’s a Dog’s Life

The building’s two much-beloved dogs are local celebrities with the residents and enjoy not one, but two, dog runs along with a dog wash (which is probably less enjoyed). Other building amenities include a fitness center– where residents take turns to keep everyone safe and the rooftop terrace peaking over trees to Raleigh’s downtown skyline. And of course, the location, is a big draw.

We are pleased to welcome The Wade to York and we thank Justin Hime for sharing insights.

 

Client Highlight

An Interview with Jason Queen, Co-Founder of Transfer Company Food Hall

Transfer Company Food Hall has become a beloved gathering spot in downtown Raleigh.  Located just east of downtown in the old Carolina Coach Garage and Shop, it showcases local food and beer vendors.  The architecture is historic, the food delicious, and the vibe friendly and welcoming.

How has Transfer adjusted to life in a pandemic?

Obviously, we had to shut down for a while and now we’re open in a limited capacity.  However, we feel that food halls are well positioned with large dining spaces (ours is 15,000 SF), outdoor courtyards and 35’ ceilings.  Most restaurants have very limited inside capacity.  With 150 people in Transfer, it still looks quiet.   We also feel our strengths come from multiple offerings in a one-stop shop.  For those wanting take-out, we’ve been working on coordinating collective deliveries.

From an in-person dining standpoint, we’re seeing about half our normal population.  But, we’re here, maintaining our jobs and doing what we can.

What do you see for the future of Transfer? Any new additions?

The future looks bright.  We are a very community-focused business.  And, will continue to honor and celebrate our surrounding neighborhood.

Any new additions coming?

  • Behind the food hall, a three-story building is planned and getting close to breaking ground early next year. The bottom floor will feature Saxapahaw Grocery.
  • The ballroom has reopened for event rentals. Booking for 2021 has already started.
  • York exclusive scoop, Transfer Co Work Hall co-working space will celebrate its grand opening in September!

 

We’ve been hearing predictions lately that downtowners are moving to the suburbs to escape both density and unrest.  Your other company, Monarch Realty, sells properties in and around downtown.  What’s your take?

The walkability and lifestyle that downtown allows for is its unique competitive advantage.  This lifestyle can’t be replicated in the suburbs and makes downtown sustainable in the long term.  My prediction is that once we get a clear signal to reopen, downtown will come roaring back.

In terms of Monarch’s downtown activity, our sales are as strong as ever and in certain instances absorption is higher than ever.

Jason remains bullish.  Go visit Transfer Company Food Hall!

Client Highlight

Client in the News: Carolina Small Business Development Fund

The Carolina Small Business Development Fund is playing an extremely important role in the Covid-19 crisis for small businesses. The Fund offers affordable financing for small and medium-sized businesses, holistic technical assistance (including disaster recovery), and evidence-based economic development research.

The Triangle Business Journal published “Economic Damage in NC due to COVID-19? Here’s an estimate” on April 7, 2020 highlighting the Fund’s recent research report,  Assessing the Economic Impacts of COVID-19 on North Carolina’s Small Business Community.

The Fund has also compiled a list of COVID-19 related grants and resources for entrepreneurs and small businesses affected by crisis.

Tenant broker Robert Hoyt is proud to be representing the Fund in its Headquarters lease extension so it can continue to serve more North Carolina small businesses in their recovery from the pandemic.