by William Needham Finley IV™

Development Beat: Days Inn To Become Boutique Hotel, Oak Steakhouse Opening

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Days Inn to become boutique hotel

Oak Steakhouse opening soon at The Dillon

More work on Glenwood Place

Work begins on STIR North Hills

Bake shop coming to The Rainbow Building

Five Horizons plans new condos on New Bern Avenue

To be featured in the Development Beat, contact business@itbinsider.com.




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Days Inn to Become Boutique Hotel

Days I

The Longleaf Hotel & Lounge is replacing the Days Inn on Dawson Street, which closed in December.

Local developer Loden Properties purchased the property for $5 million, as well as the adjoining property for $1.5 million. The hotel will also have a bar called the Longleaf Lounge.

Loden plans to turn the NC Deli, located on the adjacent property, into (ish) Delicatessen. Matt Fern, formerly a beverage director for Ashley Christensen’s AC Restaurants, will run (ish). Fern recently told The N& O “We want it to be something really informal and playful, allowing us a lot of creative freedoms, but to be able to riff on the classic deli dishes and be able to throw the South into the mix as well.”

 

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According to their Instagram, the hotel will be “mid-century modern meets 21st-century.”

The Longleaf Hotel & Lounge joins a growing list of boutique hotels in Raleigh, including Origin (next to One Glenwood), the renovated Gables Motor Lodge, a boutique hotel in Tower 4 at North Hills, and one on Peace Street between McDonald’s and Starbucks that the City Council spent months arguing over because some people are afraid of rooftops.


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Oak Steakhouse Coming Soon to The Dillon

Oak Steakhouse in the Dillon

The Oak Steakhouse should open soon at The Dillon in the Warehouse District.

We previously reported that work was underway, and last week the space received its ABC inspection. Steak fans like ITBlake the intern should soon be able to dine inside the 5,125 square foot space on the ground floor of The Dillon.

This won’t be the Oak’s first North Carolina location. The restaurant won “Best Steak” in Charlotte’s “Best of the Best Awards,” which is surprising since most people in Charlotte have underdeveloped palates.

In addition to its location in Charlotte’s South Park district, the chain also operates restaurants in Atlanta, Charleston, and Nashville.


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Glenwood Place Continues To Expand

Glenwood Place is adding a new office building to a currently vacant site on National Drive.

Gordon Grubb’s development along the northbound side of Glenwood Avenue just inside the beltline will soon add a 5-story, 180,000 square foot office building. The project, 3800 Glenwood, is described on Grubb’s website as being a “five-story… Class A office” building, although the number of stories listed on the permits is three.

In addition to the office building, Grubb is constructing on the site a four-story parking deck that will include a covered walkway to the main building. The total listed cost for both comes out to more than $25 million.

The 2.7-acre parcel was previously home to an older, smaller office building that was torn down in 2017.

Developer Gordon Grubb announced in late 2016 that Glenwood Place would include “hundreds” of apartments, 600,000-800,000 square feet of office space, 70,000-140,000 square feet of retail, and a new hotel.


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Stir Coming To North Hills

Work has begun on STIR in North Hills.

More than $1 million worth of permits were issued for the build-out of this new restaurant that will offer “premium oysters, craft cocktails with artisanal ice and a made-from-scratch menu.” The restaurant will be located on the ground floor of the Bank of America Tower next to The Capital Grille.

Venture Construction out of Georgia is handling the STIR project at North Hills, which is described on the permits as including not only the interior fit-up of the space, but exterior renovations and site accessibility issues as well.

The North Hills location will be the second STIR restaurant in the country. The other is in Chattanooga, TN.



Croissants on West Street

Rainbow Upholstery Building

A bake shop is coming to West Street.

First announced back in June, work is now underway on the Layered Croissanterie bake shop at the old Rainbow Upholstery Building at 911 N. West Street. The bakery will join FlowCORPS High-Intensity Pilates and a diner as the newest “Rainbow Building” tenant.

Layered Croissanterie is developed by husband-and-wife team Mark and Kawsar Chavez.

New Condos on New Bern

Five Horizons Development unveiled plans for a new condo development at 801 New Bern.

The site plan calls for 20 one bedroom condos in four buildings sized just under 30,000 square feet. We wouldn’t be surprised if work started on this project by the end of the year.

This project follows the successful completion of 10 Arros,  an upscale rowhome style community at 533-537 New Bern Avenue.

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