Gard

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About Gard

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    Gardapthia

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  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. Gard

    Triangle Business News

    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. Gard

    Kidd's Hill/Crabtree area development

    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. Gard

    Carolina Row at Crabtree

    I think this will be an excellent project for the area. I really like that they're going to build a pedestrian bridge to add connectivity to the mall!
  6. Gard

    Downtown Raleigh's Future

    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
  7. I'm really excited about the hub and the possibilities that it will bring to the Raleigh. It will no doubt put an even greater spotlight on the triangle on a national, possibly even global scale. A couple articles I read stated that they were going to be hiring 1,000 people over the next 4 years and sustaining that as a minimum, so I would imagine they will need dedicated space employing that many. Another bright spot is those are jobs that are part of a public-private partnership at the federal level so they are unlikely do disappear in layoffs or something of that nature. In short, they are good, secure jobs. I would think that it could employ beyond those numbers eventually as well on the assumption that there will certainly be more companies that currently aren't part of this partnership that will want in on it sooner or later.
  8. Gard

    The History of the Triangle

    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
  9. Gard

    Blue Ridge Road District Study

    The state has transferred 34 acres of prime real estate to the NC Museum of Art Foundation. The foundation is the primary body responsible for bringing revenue into the museum. The land is the former Polk site, located at the intersection of Wade and Blue Ridge Rd. The foundation states that is doesn't have any current plans for the land, but will spend the next 18 months studying what they want to do with it before opening it up to developers. The foundation will retain ownership of the land in either case and only lease it to developers, so the foundation will have a great amount of control in ensuring that that whatever is built will blend in with the museum and surrounding area without overwhelming it. http://www.newsobserver.com/2012/12/11/2539463/state-gives-raleigh-land-to-nc.html
  10. Gard

    Blount Street Commons

    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
  11. Gard

    Triangle Food Scene

    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
  12. 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.
  13. Gard

    The History of the Triangle

    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
  14. 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/
  15. ^ 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.