American Tobacco Historic District

[KJHburg]

7 hours ago, Phillydog said:

Is this a real thing?  

Oh yes with the office fundamentals turned upside down with remote work it has slowed it down.   These primarily are the apartments design and yes this will be all built when I don't know.  The financial markets are really tight  right now. 

[SydneyCarton]

https://amp.newsobserver.com/news/business/real-estate-news/article283319753.html

 

 

 

Twenty years after local developers began renovating American Tobacco’s iconic brick campus on the edge of downtown Durham — and 150 years after the oldest building was constructed — plans are in place for an ambitious expansion into land next door.

Capitol Broadcasting Co. aims to build a residential skyscraper and two mass timber commercial buildings, plus an additional parking deck. 

The company also says it’s secured a major grocery store tenant, but declined to name it. Grocers have avoided downtown for years, and it’s become an increasing source of frustration for the estimated 10,000 people living there.

“I hear that all the time, like when are we getting a grocery store downtown? We appreciate the bodega, but that’s not a grocery store. We need a real grocery store,” Mayor Leonardo Williams said.

Adam Klein, who directs Durham real estate for the company, said their timeline is contingent on filling out the offices with preleased tenants.

“Once that is in place, we’ll be able to get it going. We have our financing and our permitting secured,” Klein said. “The lease activity has been strong on the retail side. We just need more on the office side.”

 

Edited January 18 by SydneyCarton

[KJHburg]

No work on the Hines expansion to ATC yet but it will happen.  and a  few of the 555 Magnum office tower.  

[KJHburg]

absolutely love how all these old tobacco factories and warehouses have been saved.  the brick work is amazing.  Brightleaf square is fantastic and one of the first renovated if I remember correctly.  Think the Chesterfield is a great adaptive reuse project.