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.
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.
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.
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.
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?
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!
See video below for a tour of this elegant residential estate on 15.23 acres located 2 miles from historic downtown Goldsboro, NC. Excellent event venue for hosting small and large functions. Suitable for hotel use, residential use, office space and potential land development.
Contact James Troxler at [email protected] for more info.
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.
Among the news-worthy items: free meeting space and WiFi access, construction on the lower mezzanine, special events and talks of a 1,700 SF restaurant.
Article: A Fleeting Calm
Franchise owners Eddie Elliott and Matt Wivell recently signed a deal to open two new Cape Fear Seafood Company (CFSC) restaurants in the Triangle, according to The News & Observer. The second location is set to be located in Cary later this year.
The laid-back restaurant specializes in providing exceptional food and service with southern hospitality. The company hails from Wilmington, NC where the first CFSC opened in 2008. There are now three tasty locations in that market and one here in Raleigh. For more on CFSC visit their website: www.capefearseafoodcompany.com.
Check out this post on Offline to learn more about Loden Properties’ Gateway Plaza!
