Brought to you by York Properties
Wegmans announces September opening
Captrust Tower is for sale
Morgan Street Food Hall adds new vendor
City to lease back buildings at Dix Park
Brew opening in McNeill Pointe
Convention Center set for interior upgrade
A Place at the Table expanding
Music for Me Fine (4/26) tickets available – click here to purchase
Brewgaloo (4/26-4/27) tickets available – click here to purchase
To be featured in the Development Beat, contact business@itbinsider.com.
Wegmans Announces September Opening
The highly-anticipated Wegmans grocery store has finally announced an opening date for its location at SOJO (Midtown East Shopping Center).
The store recently announced an opening date of September 29th, 2019. While we’re interested to see why people are so obsessed with Wegmans, we’re disappointed that they didn’t choose September 21st as an opening date in order to incorporate Earth, Wind, & Fire’s classic “September” into their marketing efforts.
The “smaller-than-average” Wegmans – just over 100,000 square feet – will be located at the back of the property located off Wake Forest Road. Wegmans is part of a new shopping center that will include about 21 retail and restaurant spaces and a 700 space parking deck.
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Captrust Tower For Sale
The Triangle Business Journal reported that the 17-story CAPTRUST Tower is for sale, with CBRE handling the transaction.
Built in 2009, the 300,000 square-foot mixed-use building is described in North Hills promotional material as, “9 stories of premier office space atop a 6-level parking deck and exciting street-level restaurant tenants like Yard House and World of Beer.”
The property was last sold in 2013 for $98 million to KBS Realty. The Triangle Business Journal says estimates for this new sale are as high as $150 million, a reportedly record-breaking number. We estimate the sale could be as high as $1 billion dollars, depending on the IQ of the buyer.
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Morgan Street Food Hall Adds New Vendor
YoHo Hibachi & Sushi Burritos is the newest vendor to join Morgan Street Food Hall. We received an exclusive tip about this story from Melinda Jackson, the best publicist inside the beltline.
Offering contemporary Chinese dishes and Japanese sushi, YoHo will be located at the far end of the food hall next to Sassool Select. They’ll offer signature dishes such as their Hawaiian Burrito, Hibachi Steak, and much more at their grand opening April 18th – 21st, with the first 20 customers each day receiving their meal for free.
“We are so excited to bring our signature, fan favorite YoHo dishes from our Cary location to the Food Hall,” said owner Kenny Wang.” This is just one of the many new additions to the Food Hall, with more to be announced soon.
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City To Lease Back Buildings At Dix Park
City Council today will receive an update on the status on the plan to “lease back” 5.41 acres of property at Dix Park that includes 13 unoccupied structures.
The structures include the All Faiths Chapel, three stone houses, a greenhouse, six cottages and two “historic” houses. The staff memo describes the City’s proposed plans for these structures. The chapel, for instance, will “stay for a future park contributing use” although it currently has “multiple code compliant issues and does not meet the City of Raleigh’s Park, Recreation and Cultural Resources standards for public use.”
Six cottages will be torn down, as they have been abandoned and are out of safety compliance. Before anyone goes chaining themselves to these structures to prevent their removal, here’s some legitimate reasons why the buildings are being removed.
Here’s why some would be demolished and removed. #ralpol pic.twitter.com/EquUrlPRDX
— Anna Johnson (@Anna_M_Johnson) April 16, 2019
According to The News and Observer reporter Anna Johnson, “The six cottages that are being recommended for demolition would need new roofs, lead treatment, asbestos abatement and more “life-safety” work.”
The greenhouse is also set for removal, since it is “not functioning and has been abandoned for several years” and would be quite costly to renovate and repair.
Our only hope is that the park works to implement more dinosaur themed attractions.
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Brew Coming To McNeill Pointe
The popular coffee shop Brew is opening a location in McNeill Pointe this summer. We discovered this news from our friend Triangle Explorer on Twitter.
Brew Coffee announced today they are opening another location on Wake Forest Road at the McNeil Point Shopping center (the one with House of Hops).
— TriangleExplorer (@trianglexplorer) April 16, 2019
We did some investigative journalism and found this post on the Brew Instagram account:
“We are thrilled to announced another expansion! We could not pass up the opportunity to grow alongside an amazing community and we are pumped to fill in the final component of this amazing center. Walkable from some awesome neighborhoods, right around the corner from Joyner Elementary, and super convenient to everyone traveling through downtown Raleigh we hope this shop brings as much excitement to the community as it has to us in the planning phase!
Opening in Summer 2019 in McNeill Pointe off of Wake Forest Rd. (2310 Bale Street, Raleigh, NC 27608)”
Convention Center Set For Interior Upgrade
The Raleigh Convention Center wants to hire an interior designer. In an effort to “enhance the interior of RCC, using art and science, to achieve a healthier and more aesthetically pleasing environment for our patrons” the Convention Center has put out a request for proposal.
According to the RFP, the project will be a “multi-year multi-phased implementation” that begins with a “detailed long-term vision for the interior spaces.” We are interested to see how these improvements enhance the Convention Center, which opened in 2008. We strongly recommend that they hire ITBlake, who has experience in flipping homes in Five Points.
A Place At the Table Expanding
A Place at the Table recently announced that they will be expanding next door and building a full kitchen.
From a recent Instagram post, “YALL, it’s official. We are completing our Table!! We are expanding next door and building a full kitchen! Thank you ALL for making this happen and thank you for all the support you’ve given & will continue to give to our community! WE COULD NOT DO THIS WITHOUT YOU!”
Last November, Founder and Executive Director Maggie Kane shared her story behind bringing the pay-what-you-can restaurant to life on the TODAY Show:
In addition to the volunteers, A Place at the Table received support from partners including: York Properties, Plan A Architecture, Kevin Israel, Venture Law, Riley-Lewis General Contractors, Bagchi Law, bu•ku, so•ca, and more.
Music for Me Fine Tickets Available
Only 60 tickets remain for this year’s Music for Me Fine, featuring Raleigh-born musical ensemble New Reveille. Purchase tickets here.
New Reveille hails from Raleigh and was named by Rolling Stone as one the “10 New Country Artists You Need to Know” in 2018. Their 2018 album “The Keep” was a critical and commercial success and the group has played to sold out audiences.
Bring your friends, family, neighbors, co-workers, and more out for an evening of fellowship, music, and raising funds that will provide hope to families whose children are receiving care at Duke, UNC, and WakeMed Children’s Hospitals.
For 15 years, the Me Fine Foundation has provided financial assistance and emotional support to families who are navigating their child’s medical crisis.
Brewgaloo Tickets Available
Tickets are available for the best beer festival in the United States. No seriously, Raleigh’s Brewgaloo was named the top beer festival in the U.S. by the USA Today. Brewgaloo will be held on April 26th and April 27th in downtown Raleigh.
Brewgaloo features craft breweries from North Carolina and partners with local food trucks, local vendors, and local bands. Friday night will be a sampler event from 6-10pm. The event on Saturday is from 2:00 pm to 10:00 pm and will feature 100+ NC Breweries, 50+ Food Trucks, dozens of local vendors, and bands. Drink tickets will be sold in advance and are available for purchase at the festival. Purchase your tickets here.
