by William Needham Finley IV™

Development Beat: Walter Tower Coming To North Hills

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Brought to you by York Properties


Walter Tower coming to North Hills

More retail for SOJO

Free Wine Tasting at Seaboard Wine on 8/17

Women’s International Champions Cup 8/15 and 8/18 at WakeMed Soccer Park – buy tickets now!

Shred415 coming to The Dillon

7-story office at Glenn Lake

Growler USA replaced by Riddle Raleigh

CorePower Yoga coming to Stonehenge

More Crabtree apartments

Dog of the Week

Other News – a look at Jolie, the Moore Square splash pad broke

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




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Walter Tower Coming To North Hills

A 35-story, mixed-use building with 33 stories of luxury apartments and 6,500 square-feet of retail space is planned for North Hills. Kane Realty Corporation recently provided an update on the project, known as “Walter Tower.”

Located at 4000 Front at North Hills Street, Walter Tower will be the “tallest building on I-440” and its glass design will provide “premier views of Raleigh.”

The 570,000 square foot building will house 376 luxury apartments (21 penthouse residences). Amenities will include a “grand porte-cochère entry, 6th floor pool courtyard and wellness center, rooftop courtyard and clubroom.”

The project is being designed by SRSSA (Smallwoods, Reynolds, Steward, Stewart). Construction is set to begin in 2020. 

When it was first announced last year, Walter Tower was set to be a 33-story residential tower that would feature 11 levels of boutique hotel rooms and 22 levels of luxury apartments. We assume the plans were changed to avoid violating the Raleigh City Council’s barbaric stance on ADUs.



More Retail for SOJO

More retail is planned for SOJO. Ram Realty Advisors recently announced its purchase of a roughly 70,000 square-foot shopping center anchored by Lifetime Fitness. 

Located at 601 E. Six Forks Road, the center was 100% leased at the time of the sale. Its tenants included fine dining establishments such as Applebee’s, Papa John’s, and more.

In a likely effort to compete with the new Wegmans-anchored center nearby, Ram plans to renovate and expand the shopping center. Plans for the first part of that expansion include a new 3,500 square-foot restaurant, 1,600 square feet of retail, and 2,400 square feet of office space. 

While the plans go into great detail on the proposed building materials, only one new tenant was revealed: Fifth Thirds Bank. 

We’re not sure when work is set to begin, and the last time we drove by it appeared site improvements were underway. It’s likely this expansion will happen sooner than later.


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Free Tasting at Seaboard Wine 8/17

Our friends at Seaboard Wine are hosting a free tasting Saturday (8/17) from 1:00 – 4:00 pm. Brad (the Beav) Beavers with Winebow will be pouring some of his favorite warm weather wines for the waning days of summer.

All wine sampled at the tasting bar is discounted 10% off by the bottle and 15% off by the 1/2 case (mix or match) for you to take home and enjoy. Make Seaboard a part of your Saturday routine!


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Women’s ICC August 15th and 18th

We are days away from the Women’s International Champions Cup. The best players in the world will be competing in our backyard this Thursday and Sunday. Get your tickets here. On Tuesday afternoon at 3:00, players from Olympique Lyonnais, Atletico de Madrid, North Carolina Courage, and Manchester City will be at Morgan Street Food Hall for a meet and greet.

The WICC is bringing four of the best women’s professional clubs from around the world, over 40 Women’s World Cup players, and the 1st Female Ballon D’or Winner to compete at WakeMed Soccer Park.

Schedule:

Thursday, August 15, 5:00 pm EDT: Olympique Lyonnais vs. Atlético de Madrid

Thursday, August 15, 7:30 pm EDT: North Carolina Courage vs. Manchester City

Sunday, August 18, 5:00 pm EDT: Third-place play-off

Sunday, August 18, 7:00 pm EDT: Final

Buy your tickets now.



Shred415 Coming To The Dillon

Raleigh’s first Shred415 exercise studio is coming to The Dillon, as construction permits were issued last week for the 7,000 square-foot space at 218 S. Harrington Street. 

Shred415 describes itself as an “instructor-led, calorie-burning, high intensity interval training class designed to target all muscle groups, and it guarantees to shred your body.” The training involves alternating between “cardio work on top quality Woodway treadmills and weight-training,” and is aimed at folks of all fitness levels. 

Shred415 currently operates in a number of locations throughout the country. The Shred415 at The Dillon will be its first location in North Carolina. The renovation is being handled by ADI Construction out of Virginia.

No word on whether Bonner Gaylord will be teaching any of the classes.

7-Story Office Building At Glenlake Plaza

Highwoods Properties unveiled plans for its latest addition to Glenlake Plaza, a 7-story office building dubbed Building III. In April of this year, we noted that sitework was underway for Glenlake Seven – which would actually be the complex’s fifth building.

If this numbering scheme seems a bit odd; you’re not alone. As best we can tell, the existing buildings are numbered one, four, five, and six. We noted that seven total buildings are planned for the park and predicted that it was likely “the future buildings will be numbered two and three.” As usual, we were proven right, thanks to recently filed site review plans. 

Highwoods, which acquired Glenlake in 2004, has been expanding the office park, and will be developing Building III on an undeveloped lot across the street.

The new 211,862 square-foot building will also include a four-level, 718-space parking deck. The site plans for both are being developed by Piedmont Land Design out of Raleigh. 



Growler USA Replaced By Riddle Raleigh

The recently-shuttered Growler USA has already found a new tenant in the form of Riddle Raleigh, a trivia-focused bar and restaurant. A soft opening was held earlier this month, with plans for a grand opening on August 30.

Riddle Raleigh has full ABC permits – meaning they’ll offer both beer and liquor – and 40 taps with “mostly local brews.”

In a post on the popular website Facebook.com, owner/operator Anthony Owens shared his plans for the space at 314 S. Blount Street.

“We are going to be the first of our kind in the area offering the assortment of interactive and trivia based games free to our guests. …. We are a different kind of concept, Riddle Raleigh will be home to the Carolina Comedy Awards, Theme parties monthly, and many other intriguing activities. From Board Games to Darts to Corn Hole and Tiki Toss, we will corner the market on actually having fun while enjoying a drink and eating Exotic meats like, Alligator, Bison, New Zealand Elk and many more things the average resident of Raleigh would normally not have a chance to try.

Board games and exotic meats, welcome to downtown Raleigh. 

CorePower Yoga Coming To Stonehenge

CorePower Yoga, a popular yoga franchise with more than 200 locations across the country, will soon open its second Raleigh location. 

Permits were recently issued for the quarter-million dollar renovation of a 3,664 square-foot space in Stonehenge Market at 7504 Creedmoor Road.

More Apartments At Crabtree

In an attempt to address the severe lack of multifamily housing available in the Crabtree Valley area, the EYC Companies out of South Carolina have filed plans for the Factory at Crabtree apartments.

Despite its unique name, Factory, designed by Watts Leaf Architects out of Charlotte, doesn’t appear to differ much from every other new apartment complex that’s cropped up in and around the City over the last ten years: masonry exterior, decks, plenty of windows. Plans call for a 6-story, 168-unit apartment complex that will include 253 parking spaces.

The Factory is one small part of a much larger development known as Crabtree North, which has been percolating for longer than we’ve been writing this column. The Crabtree North description from EYC also mentions another 204-unit complex known as the Overture, and 125,000 square feet of “retail, restaurant, and hotel.”

Crabtree North was at one time set to include the ambitious Carolina Row, an 11-acre portion of the massive 20-acre project. Carolina Row was supposed to be “a mixed-use development where southern sophistication meets contemporary main street” with 708 residential units and a hotel.

The project was to connect via a pedestrian bridge to Crabtree Valley Mall across Glenwood. The grand opening was slated for 2016, which has come and gone. Tragically, southern sophistication has yet to meet up with contemporary main street. The site is now being marketed to potential developers.

Dog of the Week

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Twinning @sir_rexthecorgi

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Other News

In this section, we just embed social media posts from other people. It’s called outsourcing, and it’s brilliant.

Our friend Ashton Smith got a look at Jolie, the new restaurant from Scott Crawford.

The Moore Square splash pad, part of the $13 million renovation of Moore Square, is closed for repairs.

This is what it’s supposed to look like.

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