by William Needham Finley IV™

Development Beat: 3800 Glenwood Opening, Raleigh Iron Works Update

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3800 Glenwood Could Open By May

Raleigh Iron Works Updates

Seaboard Wine Tasting this Saturday 2/1

Haunted Restaurant Gets Mysterious New Tenant

Progress On Woodburn Condos

Target Takeover On Six Forks

Hotel Planned For Southeast Raleigh

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3800 Glenwood Could Open By May

The 3800 Glenwood building could be open by May of this year. An insider sent us a letter from Grubb Ventures, the developer, that states: “Our goal is to open the new 3800 Glenwood building in May.”

Located at the intersection of I-440 and Glenwood Ave, work on the building began in 2019.

The five-story building, designed by architectural firm Duda Paine, will include 114,000 square feet of Class A office space, as well as restaurant space on the ground floor. The letter also states that over 50% of the office space is leased.

The building is part of the Glenwood Place development. According to Grubb Ventures, Glenwood Place is “plotted to become a mixed-use community with multiple Class A office buildings featuring multiple restaurants, a boutique hotel, a state-of-the-art fitness facility, and upscale apartment homes.”

Raleigh Iron Works Updates

Image: Jamestown

Jamestown and Grubb Ventures recently announced a partnership to create Raleigh Iron Works, a project we first covered in 2017. The development will be located on Atlantic Avenue across from Dock 1053.

The first phase of this multi-phase project will create nearly 500,000 square feet of office space, 90,000+ square feet of retail, and 220 residential units. Construction will begin in 2020 and continue through 2023 with plans for additional development.

We obtained the following exclusive quote from Michael Phillips, President of Jamestown, “While these types of iconic adaptive reuse projects are hard to come by, they are part of Jamestown’s DNA. Raleigh Iron Works preserves a piece of the city’s industrial past while creating a dynamic environment for creators, thinkers, and innovators to thrive.” 

Image: Jamestown

The initial phase of the project is valued at more than $150M. It will include the renovation of steel mills and warehouses that were once part of Peden Steel, as well as construction of a seven-story multi-family building. The historic buildings will be repurposed into office and retail spaces.

The development will offer a mix of food and beverage options, boutiques, health and wellness, event and outdoor spaces, featuring regular activations including public events and performances.

One interesting note from the exclusive press release we received via e-mail: “Jamestown will leverage its leadership in the culinary space and relationship with the James Beard Foundation to bring dynamic food offerings to the property.” 

Seaboard Wine Tasting 2/1

Our friends at Seaboard Wine at HighPark Village will host a free wine tasting this Saturday (2/1) from 1:00 pm to 4:00 pm. Manual Magnani and Elia Gentili from Sunrise Wines are back behind the bar pouring a delicious selection of Italian wines from Sicily (all bio-dynamic) and beyond, including:

Palmarès Spumante Extra Dry; Mazara del Vallo, Sicily
Gorghi Tondi ‘Coste a Preola’ Grillo; Mazara del Vallo, Sicily
Gorghi Tondi ‘Dumé’ Frappato; Mazara del Vallo, Sicily
Sterparo Primitivo; Basilicata, Italy
I Probi di Papiano Sangiovese Riserva; Emila-Romagna, Italy
Villa di Corlo Lambrusco Grasparossa; Emilia-Romagna, Italy

Seaboard Wine’s next Winter Wine Class will be held February 28th from 7:15 pm to 8:30 pm. Each class is $39. You can make a reservation here.

Haunted Restaurant Gets Mysterious New Tenant

The former home of Mexican restaurant Xoco on Glenwood Avenue will soon be home to a mysterious new tenant, per a set of recently issued renovation permits.

Carolina Design & Construction was issued permits valued at more than $350,000 for the alteration/change of use of suite 300 at 410 Glenwood Avenue, also known as The Creamery Building.

The space has been home to a number of restaurants over the years. Prior to rebranding as Xoco, it operated as a Dos Taquitos. Before that, “The Diner,” and before that, the Hard Times Café.

The recently-issued permits don’t give the name or type of business that will be moving into the space. We’re not sure why this is, but we’ll speculate that it has something to do with the reported ghosts that were “certified” to be haunting the business back in 2018.

According to a report from ABC11, ASAP Paranormal confirmed that the space was haunted, which included mysterious laughter, strange shadows, and more. Can’t wait to check it out!

Progress On Woodburn

Construction progress continues on the Woodburn condominiums, located at the intersection of Smallwood Drive and Daniels Street. Formerly The Cameron Village apartments, the project is a demo and reconstruction of the original apartments on the original foundations.

Adjustments are being made to allow for better insulation, higher ceilings, new windows, and more, while allowing the project to preserve the scale, site, trees, and setting of the originals. When all three phases are complete, the project will have 72 one-bedroom condos.

The Woodburn is being designed by New City Design, built by McDonald York Building Company, and marketed by Allen Tate Realtors. It is expected that the first half of the project will be completed by the second quarter of 2020.

Target Takeover On Six Forks

Rendering: ITB Insider

Raleigh’s last Kmart announced plans last month to close its doors for good after more than 30 years in business. Plans were recently announced for the future of the space at 8701 Six Forks Road: a total Target takeover.

A spokesperson for Target told the News & Observer that the beloved retail chain will be opening a 114,000 square-foot store at the site, although no timeline is available at this point. 

According to the folks over at ABC11, the only remaining Kmart in the state is located in Kill Devil Hills, despite the Kmart website listing two others in Clemmons & Waynesville. 

The Six Forks Kmart is currently undergoing a liquidation, and it is expected to close for good by the middle of February.


Hotel Planned For Southeast Raleigh

A vacant lot on Virtuous Street in Southeast Raleigh (or maybe North Garner?) could soon be home to a seven-story hotel. A rezoning application was recently filed to upzone the 3.63-acre property from IX-3 to IX-7, allowing for a development of up to seven stories in height.

Per the application, the plan is to develop a hotel on the site that would “help support the growth of commercial activity in the area.” The site is roughly 15 minutes from the downtown Convention Center and is right in the backyard of several of Raleigh’s biggest tourist attractions, including Pepsi Bottling Ventures, Sunbelt Rentals, and the Integrity Drive Burger King.

No information on the type or branding of the hotel is provided in the rezoning application, which will require vetting by City staffers, the Planning Commission, and City Council before approval. 

The application was filed by an LLC tracing back to a local development/contracting firm that built the nearby Generosity I office building. If the development of Generosity I is any indication, it seems likely the property owner will both develop and build out the hotel themselves. 

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  1. The hotel you mention to be built off Jones Sausage Rd is most likely being built to support the Amazon facility just up the road.

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