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About Gard

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    North Raleigh
  1. N&O had an article on this today as well to which Kane is quoted in it as wanting to preserve as much of the current building there as possible, so I'm assuming what is there will somehow be incorporated into the larger building that will be constructed. There was this nice tidbit as well: Read more here: http://www.newsobserver.com/2015/01/14/4475827/kane-realty-seeking-to-redevelop.html?sp=/99/104/#storylink=cpy
  2. Gard

    The Edison

    The developer has just got approval from the planning commission to raise the height of the Edison office building from 225ft. to 290ft. The office building will be about the same height as the Red Hat HQ. http://www.bizjournals.com/triangle/blog/real-estate/2014/09/edison-apartments-in-downtown-raleigh-underway.html?ana=e_du_pap&s=article_du&ed=2014-09-11&u=11045158364f85dbe75c694994803c&t=1410470562
  3. I agree that not moving the HQ may be a short term thing. When I first read that, my first thought was that is what they are saying NOW, but it seems to me to be setting up for that to happen down the road. If it does occur, it would be a nice HQ pickup for Raleigh.
  4. A developer has bought the Kidds Hill Plaza site and got the green light for construction of luxury apartments: http://www.bizjournals.com/triangle/blog/2014/06/fein-buys-kidds-hill-plaza-land-for-new-apartments.html
  5. TBJ has an article out today on how it is becoming hip for businesses to locate in downtown Raleigh. I hope this continues the trend of increasing density downtown and helps planned projects get off the ground quicker, in addition to spurring new projects. http://www.bizjournals.com/triangle/blog/2014/03/skyline-buildings-gaining-favor-with-raleigh.html
  6. It's official, the Crabtree Jones house will be moved! The house is being donated to Preservation North Carolina and PNC is buying the house a lot, ensuring that it will be around for a long time to come. http://www.northraleighnews.com/2013/01/29/23779/historic-crabtree-jones-house.html
  7. Developer LNR has reached an agreement with the state to not buy the remaining acreage and will end development when the current land they had bought is developed: http://www.newsobserver.com/2012/12/03/2523032/developer-scales-back-blount-street.html
  8. Didn't want to start a thread just for this and it is technically food-related, so I thought I'd put it here. Publix is now confirmed to be entering the Raleigh market! http://www.bizjournals.com/triangle/morning_call/2012/11/upscale-publix-moving-into-local-market.html
  9. I was reading that this morning...he stated that another company could buy out Duke, but I would imagine that would be difficult now with the Progress-Duke combination to pass by regulators in its entirety when you consider how much of a hard time they had with the Progress-Duke merger to begin with. I would say that any deal would likely result in spinning/selling off of assets, be it to another existing utility, spinning off Progress/Duke/entirely new company, or a combination of these things. Regardless, it doesn't appear that the government side of this is going to cut them any slack, be it from the utilities commission or Roy Cooper.
  10. N&O has an article this morning on this. The developer will be paying to have the house moved and be providing captital to have it restored. They are working with local preservationists, according to the article, to find a suitable home for the house. http://www.newsobserver.com/2012/09/19/2354544/raleigh-historic-home-to-be-moved.html
  11. It looks like the sudden ouster of Johnson has enraged some folks and sparked a review of the decision to allow the merger by the NC Utilities commission. According to news sources, commission has the power to go as far as rescinding their decision at any time, essentially demerging the two. They can also hold additional hearings. S&P has also put Duke on it's "credit watch" list for a potential downgrade. http://www.wral.com/business/briefs/story/11287622/ http://www.bizjournals.com/triangle/blog/2012/07/could-duke-energy-progress-merger-be.html http://www.wral.com/business/briefs/story/11280394/
  12. ^ I'd say because there is no Wake Tech campus in that corner, so it is doesn't overlap coverage from their other campuses, so it makes logistical sense.
  13. RDU now has a flight to the Bahamas. The flight is by a carrier new to RDU, Bahama Air: http://www.bizjournals.com/triangle/morning_call/2012/05/rdu-celebrates-flight-to-bahamas.html RDU has also launched a new incentives policy that waives landing fees and funds marketing ($250,000 for domestic routes and $500,000 for international), to get airlines to add new routes. Specific flights RDU names are Seattle, LA, SFO, Paris and Frankfurt. http://www.bizjourna...incentives.html
  14. According to an N&O article, Sheetz is planning a big push into NC, with 30 new stores over the next 3 years in NC, in addition to a distribution center, offices and bakery that they want to build somehwhere between the Triad and Triangle and have open by 2014. I'd imagine that any big push push into NC would include Charlotte at some point. They would be nuts to skip over the area. http://www.newsobserver.com/2011/07/07/1326368/sheetz-has-bigger-plans-in-nc.html
  15. City Council has taken this plan over the other ones: http://www.bizjournals.com/triangle/news/2012/04/17/city-council-picks-summit-hospitality.html This should add some much needed hotel capacity to downtown.
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