Development Beat: ICU

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Wednesday, January 20, 2016

With a lack of recent new-building permits, we’re forced once again to turn to Interior Completion (Upfits) to satiate our limitless thirst for new or close-to-new building projects. And as it happens, all of today’s projects save one are medical jobs! How about that.

So let’s get the first one out of the way, since it’s not only not a medical project, but it’s not at all related to a new building; just a recently refurbished one located at 227 Fayetteville Street.

Thanks to a brochure I found on Empire Property’s web site, here’s a bit of history on the property: construction was completed on it in 1964 and it was considered one of Raleigh’s most prominent modernist structures. Wachovia Bank’s regional headquarters was there for 50 years, until they moved across and down the street a little bit.

An $8.1 million renovation saw the building take in its first tenant about a year ago. It’s now home to Innovate Raleigh, Vital Source and Indy Week.  On January 13, interior completion permits were issued for Ratio, the architectural firm currently housed on Martin Street. Hopefully they’ll appreciate the building’s modernist features.

RCI Builders, which has done several other interior jobs at 227 Fayetteville, was the contractor for this $400,000 Interior Completion (Upfit).

And now onto the medical jobs. While none of the ICU’s were actually for work on an ICU, they were for pretty new buildings, so there’s that.

First up we’ve got an office fit-out for Results Physiotherapy at 815 Oberlin, a recently completed medical office building. The work is described as both an interior completion for Results’ offices in suite 302, but as a reworking of the fire alarm system as well. Considering how recently this place was built… although the reworking probably (hopefully) just has to do with the new layout of the office.

815 Oberlin in November

Wake County

815 Oberlin in November

To give you an idea of how long it can take for a project like this to get developed: the site plan for the office building was approved in 2013. Construction started about a year ago, and it opened late last year.

Next up we’ve got a trio of projects at the Forestview Medical Office at 3050 Duraleigh. Although new building permits were issued back in September 2014, these appear to be the first interior jobs to have received subsequent permits.

Permits were issued for the following: Rex Pain Management Clinic, 9,178 square feet, $375,000, Rex Express Care, 4,832 square feet, $225,000 and finally, Rex Sleep Disorder, 3,901 square feet, $175,000.

A shot of the job site for 3050 Duraleigh from January 2015

Wake County

A shot of the job site for 3050 Duraleigh from January 2015

As this building is essentially next to the Lake Boone Trail Rex Health Care Center, it makes sense that the building’s occupants would be run by Rex. The three interior completion jobs will be handled by Core Building Company.

Kimberly Construction was responsible for the construction of the building itself, although they were an offshoot of the then-owner, Kimberly Development. Kimberly Development sold it to the Healthcare Trust of America for a cool $4.2 million in August 2015.

Another pre-sale fact: instead of being called the Forestview Medical Office, it was the 3050 Duraleigh Offices. The name change was definitely an upgrade, as generic as this new one is.

Site plans for this medical office facility

City of Raleigh

Site plans for this medical office facility

 

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