by William Needham Finley IV™

Development Beat: A More Perfect Union Station

in Development by

Brought to you by York Properties.


Week of April 30, 2018

Dedication ceremony held for Union Station

Oberlin Road closed near White Memorial

Event: Wine & Food Evening supporting Dress for Success Triangle

Buku will remain downtown

Work begins on self-serve beer spot on Glenwood

Heirloom Brewshop underway at The Dillon

Council may or may not decide on Peace Street Hotel

Land near Moore Square to be redeveloped

Stough Elementary will be torn down, rebuilt

City Council to hear more on Sir Walter Apartments


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A More Perfect Union Station

A dedication ceremony was held on Monday for Raleigh’s Union Station, the brand-new, $111 million multimodal transportation center. The station is expected to open to the public in mid-May, with Amtrak service starting in June.

The event was held to honor the partners that helped bring this facility to life. Among those partners were our friends over at York Properties, who were selected last year to manage the station’s three stories of commercial and office spaces.

John Koonce (johnkoonce@yorkproperties.com – 919-645-2765) is handing the retail leasing and Brian Wallace (brianwallace@yorkproperties.com – 919-645-2773) is handling the office leasing. York is also handling the management and will coordinate the event space leasing.

The ceremony was held at the site of the new station at 510 W. Martin Street. Mayor Nancy McFarlane was one of many government officials to speak. According to McFarlane,

“Union Station is a great addition to Downtown Raleigh that will meet the city’s needs for years to come, both as a hub of transportation and a center of activity in the community. The event hall, plaza, and other public spaces are truly beautiful, and unique. They will make the station a destination of choice for residents and visitors alike.”

Guests in attendance shared some great pictures.

Oberlin Road Closed Near White Memorial

White Memorial Presbyterian Church posted the following to their Facebook page on Monday: “The City of Raleigh has informed us that a portion of Oberlin Road will be closed for water and sewer work from April 30-May 11. It will be closed from Fairview to Davis and we anticipate significant impact. Please plan accordingly for church activities.”


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Event: Wine & Food Evening Supporting Dress for Success Triangle

A wine and food evening in support of Dress for Success Triangle will be held on May 12. This one-time experience features a mini-3 course food and wine pairing menu and dessert display, auction items, and raffle prizes.

The event will be held at Lucarne – 309 Blake St. (not to be confused with ITBlake Street) with food created by Tyson Detzler – Chef De’ Cuisine at Royale. There are two limited seatings (25 guests): 5:30-7:00pm OR 8:00-9:30pm. Tickets are $85 per person and can be purchased here.

Buku Will Remain Downtown

Buku, a popular — and delicious — global street food restaurant that has been operating out of the Red Hat Tower on South Wilmington Street since 2010 recently announced that their lease has been extended through January. The restaurant, which recently opened a second location in Wake Forest, is now looking for a new downtown spot to call home.


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Tapworks Coming to Glenwood South

A self-serve beer shop is coming to Glenwood South this summer. Featuring 50 taps, Tapworks will open in the ground floor of 222 Glenwood. Morris Construction Company out of Garner received a permit valued at $134,021 for the fit-out of a 1,815 square foot space.

Work begins on Heirloom Brewshop at The Dillon

Over at The Dillon, Heirloom Brewshop, offering premium coffee, tea, sake, and an Asian-inspired food menu, is making progress. They recently took to Instagram to show off progress of the space.

A Peaceful Resolution?

A zoning case for a new boutique hotel on Peace Street between the Starbucks and the McDonald’s could finally be decided by Council today, nearly a month after the public hearing for it was first opened. 

The case, Z-17-17, was most recently before Council on April 17, where the primary focus was clarifying what, exactly, constitutes a rooftop amenity.

Essentially, the developers would be able to create an unenclosed deck, patio, or shade structure on the top of the building that can extend 12 feet above the maximum height limit. According to a memo prepared by staff, “There is no limit on the size, or footprint, of the element. It would be possible to construct an unenclosed deck, patio or shade structure that covers 100% of the roof area.” 

Whether a decision on the case will be made today remains to be seen, but we think it’s been long enough.

A Sale on South Blount

Two properties near Moore Square were recently sold for $3.5 million. Situated at 415 S. Blount Street and 422 South Person Street, the 1.33 acres of land is currently being used as a private parking lot. A 4,235 square-foot, one-story metal building currently sits on the otherwise vacant land.

The property has been owned since the 1960s by various members and trusts representing members of the Sanders family. The pair of parcels that were recently sold were once used as a service garage for the nearby Sanders Ford dealership that was located at 329 S. Blount. Before Sanders, the property was home to Nash Motor Sales.

Although no development plans have been announced or filed for the site, the land is currently zoned DX-7, or Downtown Mixed Use, with a height cap of seven stories of office or residential development with ground floor retail.

Elementary, My Dear Stough

Site plans have been filed for the demolition and complete rebuilding of Stough Elementary School on Edwards Mill Road. The new two-story building will be about 133,000 square feet and offer 122 parking spots. Stough is currently housed in three one-story buildings totaling nearly 70,00 square feet. The oldest was built in 1967; the newest in 2003. Stough Elementary will relocate in the 2019-20 school year to a new elementary school, E-24, being built on 12004 Strickland Road in Raleigh.

Sir Walter’s Request

City Council today will hear more on Capital Realty Group’s plans to acquire and rehabilitate the historic Sir Walter Apartments at 400 Fayetteville Street.

Capital Realty Group is requesting up to $3 million in City funds for their redevelopment of the building, which serves low-income elderly individuals and couples over age 62.

The real estate firm would spend a total of $39 million acquiring and developing the property, resulting in 36 efficiency units, 114 one-bedrooms and seven two-bedrooms. All 157 units will be targeted to individuals at or below 60 percent of the area’s median income.

There are currently only 140 rental units available at the Sir Walter. Capital Realty is seeking to renovate the top floor to add an additional 18 units, one of which will be used for an on-site manager.

According to a memo prepared by City staff, which recommends Council commits up to $3M to the project, rents will not increase for the tenants, and they will continue to pay 30 percent of their income toward rent.

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