Brought to you by York Properties
Massive mixed-use planned for 301 Hillsborough
A new location for Dram & Draught
Gonza Tacos y Tequila owners plan new Latin restaurant
Kaiju Bowl and Bao closed
Trophy celebrating 6 years
Help Washington, NC win $500,000
Everyone please go vote for Washington, NC and help them win $500,000. The town is a finalist for the “Small Business Revolution” show on Hulu. Voting ends Tuesday, February 19 at 10 p.m. CST (I’m not sure what time that is in Raleigh.) Vote here.
Pleasant Valley Promenade set for upgrades, new tenants
To be featured in the Development Beat, contact business@itbinsider.com.
Advertisement
Plans Unveiled for 301 Hillsborough
A 20-story mixed-use development is planned for 301 Hillsborough Street, located next to Campbell Law School.
More than two years after The Lundy Group first unveiled renderings for their City Centre development at 301 Hillsborough, the property’s new owner has filed site plans for a development of their own.
Similar to the previous renderings, this new project from The Fallon Company, who purchased the land in April 2018 for $17 million, will include 20-story, 247′ tall towers with office, retail, residential and hotel use. The development will encompass nearly a million total square feet and include a whopping 1,076 parking spaces.
The plans also call for 136 residential units and 169 hotel rooms. Beyond noting that there will be 8,900 square-feet of “amenity space,” the site review documents don’t tell us much else. Fortunately, the website includes a little more information.
“301 Hillsborough is strategically positioned to become a landmark address for the city of Raleigh. The first phase of the project will consist of an approximately 300,000 square foot Class A office building with complementary retail at street level.”
They are expected to break ground this fall.
View this post on Instagram
Dram & Draught Previews New Location
Dram & Draught is offering a glimpse at what’s to come in their new space, which will be larger, offer more seating and include a patio and an expanded whiskey collection.
In November, we reported that popular watering hole Dram & Draught would be relocating from its current spot at 623 Hillsborough to the ground floor of the new One Glenwood tower.
Dram & Draught’s existing location will be torn down to make way for Two Hillsborough; which is actually 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, and the Origin hotel and parking deck located at the former home of Shelton’s Furniture (RIP).
Advertisement
New Latin Restaurant Planned for Sojourn
The owners of the popular Gonza Tacos y Tequila are opening a new restaurant, Macondo Latin Cuisine, at Sojourn Glenwood Place on Glenwood Avenue, according to an exclusive report from the Triangle Explorer.
Macondo will feature small tastes of traditional Latin flavors that will rotate seasonally. Owners Gonza Salamanca and Carlos Rodriguez say the food “is a straightforward simple culinary driven menu but with highly complex flavors.”
According to the Triangle Explorer, the owners partnered with “renowned Colombian Chef Santiago Macías, of award-winning i Latina in Buenos Aires, as a menu consultant.”
The new restaurant is being designed by our friends at New City Design Group and is set to open later this year.
Advertisement
Kaiju Bowl and Bao Bows Out
Less than a year after opening, Kaiju Bowl and Bao has closed. The owner of the ramen restaurant will re-open the space with a new concept.
Owner Ken Yowell, who also owns Oak City Meatball Shop, said the meatball shop will be taking over the space until the new restaurant opens.
The restaurant initially broke the news on Facebook, where they noted they “enjoyed launching Kaiju and trying to do something a little different and funky and we’ve learned a ton from the experience.”
The staff, fortunately, have “all been offered positions with Oak City Meatball until the changeover and we hope to have it be a quick turn around.”
Kaiju Bowl and Bao opened in July of 2018.
Advertisement
Trophy Celebrating 6 Years
Trophy Brewing on West Morgan Street is celebrating six years of trophy winning pizza pies and beer.
Thanks to our investigative journalism, we’ve determined that Trophy will be celebrating starting at 4:00 pm on Tuesday, Feb. 19. They’ll be bringing back The King Peanut Butter & Banana Dubbel, as well as loading the draft list with some special brews and having lots of fun treats coming out of the kitchen. Congrats to the team at Trophy on six years!
Help Washington, NC Win $500,000
Everyone please go vote for Washington, NC and help them win $500,000. The town is a finalist for the “Small Business Revolution” show on Hulu. Voting ends Tuesday, February 19 at 10 p.m. CST (I’m not sure what time that is in Raleigh.) Vote here.
Washington, NC is home to the Moss Landing neighborhood, which was developed by our friends at Beacon Street Development. Washington is up against 5 other small towns across the country (all outside of NC) and it all comes down to a popular vote. Given the aim of the show is to support small businesses in small towns, we should all join together to help NC win. The winning town will be announced on February 26. Vote here.
Here’s a highlight reel showing the best of Washington, NC.
From the show’s website: The Small Business Revolution is on a mission to revitalize small towns, one small business at a time. Each season, America chooses the town, we choose the small businesses, and Deluxe and a host of celebrity experts give them the makeover of a lifetime – all on our quest to put Main Street back on the map.
Pleasant Valley Promenade Preps for New Tenants
Pleasant Valley Promenade is getting a makeover and new tenants.
Permits were issued last week for a series of facade renovations at the shopping center on Glenwood Avenue, setting the stage for a series of new tenants to move in. The $100,000 exterior upgrade is being handled by Williams Realty & Building Company, and although the permits do not specify which buildings are getting a facelift, the Triangle Business Journal reported last week that several new tenants would be opening shop in the center by the end of the year, including Petco, Ulta Beauty, and Five Below.
The current owner of the 363,000 square-foot development, Kimco, acquired the property in 1993. Which means they’ve owned it for longer than some of their more junior employees have been alive.
