by William Needham Finley IV™

Development Beat: Another 10-Story Tower For Hillsborough Street

in Development by

Brought to you by York Properties.


Week of June 25, 2018

Ten-story tower planned for Hillsborough Street

Poyner Place YMCA opens in Downtown Raleigh

Progress on Seaboard Wine at High Park

New Oakwood bar will require a key

Red Hat taking over Buku space in 2019

Happy + Hale opening in North Hills

Flower shop opens on Hargett

Kaiju Bowl & Bao set to open July 6

Contact wnfiv@itbinsider.com with news or to be featured in the Development Beat.


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Another 10-Story Tower For Hillsborough Street

Site plans for Two Hillsborough, a ten-story building at the intersection of Hillsborough and Boylan, were filed last week. The site is currently occupied by the former offices of Stop Hunger Now, Audio Exchange, and, most notably, Dram & Draught. EXCLUSIVE: Dram & Draught is in talks to move into another space within the walkable footprint of their current location. They also just unveiled their summer cocktail menu, featuring 10 new cocktails.

Two Hillsborough will consist of a 10-story, 275,000 square-foot office building with two separate one-story retail buildings comprising a total of 4,850 square feet. Leo Suarez pointed out on The Raleigh Connoisseur that the plans seem to indicate the retail buildings will be made from reused shipping containers.

Two Hillsborough is the third project in that area being developed by Maryland-based Heritage Properties. They are also behind the ten-story One Glenwood and Two Glenwood, the hotel and parking deck located at the former home of Shelton’s Furniture (RIP).


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The Downtown YMCA Is Back For Good

Just a few weeks after William Needham Finley IV’s super exclusive, insider preview of downtown’s Poyner YMCA, the facility has officially opened its doors.

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We’re back. For good. #RibbonCuttingSZN

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The ribbon-cutting ceremony was held on June 21st and featured a variety of local leaders, members of the Poyner family, and members of the Downtown Raleigh Alliance. Also present was a confused contingent of Village People fans who mistook the ceremony for the first show of a long-awaited reunion tour. Fun fact: Randy Jones, the Cowboy from Village People, was born in Raleigh. That means we can without a doubt claim that their hit song “Y.M.C.A.” is about a YMCA in Raleigh.

Located at 227 Fayetteville Street, the 26,000 square-foot Poyner Y will feature group fitness classes, small group training opportunities, and state-of-the-art equipment. Congratulations to everyone who worked hard to make this happen!


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Progress on Seaboard Wine at High Park

EXCLUSIVE: Our favorite wine store and sponsor is making progress on their new space at High Park. Seaboard Wine at High Park recently shared exclusive images with us through their Instagram (@Seaboard_Wine) that show the addition of lights and a bar. These are critical components of a successful wine store.

They’re planning to open the new location in July. We’ll have more details on an exact opening date soon.


The Key to a Successful Bar

The News & Observer reported last week that Oakwood’s newest bar will be designed specifically for the local neighborhood. Atlantic Lounge is the brainchild of James Howard and Dan Murphy, the pair behind the Cardinal Bar on N. West Street. The bar will only be accessible through a locked door on Pace Street. Around 500 keys will be given out to members that will be recruited over the next few weeks.

Set to open later this summer, the Atlantic Lounge will be located beneath Crawford & Son on North Person Street, offering enough space for a “few dozen” people. According to The N&O:

“Howard called the Atlantic Lounge a social experiment. After years of opening bars and hearing the early excitement from neighbors turn to lamentations of it being taken over by outsiders a few months later, he said he wanted to build a bar for the neighborhood.”

We’ll be interested to see how this concept plays out.



Red Hat Has Plans For Buku Space

Red Hat recently announced plans for the ground floor space of their downtown building, which is currently occupied by Buku. Drum roll……. it’s more space for their internal marketing department and not Raleigh’s newest bottle shop, as many had speculated.

The Triangle Business Journal reported last week that Red Hat will transform the space into a showcase area for their internal marketing department. The space will eventually house about 60 Red Hat employees, and could open as soon as spring 2019.

Buku announced earlier this month that it will open a new location in the space formerly occupied by Àn in Cary. The folks behind Buku will also be opening a new restaurant concept in downtown Raleigh in spring of 2019.

Happy + Hale Opening in North Hills

The newest location of Happy + Hale will open in the Park Central building in North Hills on June 27th. The Raleigh-based restaurant has been offering salads, juices, and smoothies in their downtown location since 2014. The new location will add a few new twists, including indoor seating for up to 50 people, outdoor patio seating, and brunch on the weekends. They’ve also partnered with Counter Culture Coffee and Brewery Bhavana to offer coffee and beer.

The restaurant was founded in 2013 by Tyler Helikson and Matt Whitley, who started serving salads and juices from the back of an electric golf cart and modified tricycle. We’re not making that up. They were basically the Uber of salads and have now grown to multiple brick and mortar locations. Congrats to everyone involved! William Needham Finley IV had a chance to check it out.



Flowers On Hargett

Petale opened its doors last Thursday at 15 W. Hargett. The retailer offers an array of bouquets of flowers and other assorted gifts. The name pays homage to both the modified leaves surrounding the reproductive part of a flower and the types of pedals found on bicycles.

Interestingly enough, the shop also offers “subscription” plans, with a fresh bouquet of flowers delivered to the recipient’s house either once a week or once a month on Mondays.


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Kaiju Bowl & Bao Sets Opening Date

Kaiju Bowl & Bao, a ramen restaurant from Ken Yowell, owner of Oak City Meatball Shop and Calavera Empanadas and Tequila, announced they will open on July 6.

Located at 170 East Davie Street, the restaurant will feature a kind of “Asian chicken wing,” along with a variety of other Japanese-inspired menu items. The $25,000 renovation of the 1,350 square-foot space located next door to Oak City Meatball began last November under the supervision of Carolina Design & Construction.


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