Development Beat

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 Friday, February 20, 2015

Two uniquely-named companies received renovation permits last week — Grape City Computer Data on Creedmoor and Airgas on Capital Boulevard.

Grape City will be receiving $187,500 worth of work that will be handled by the JM Thompson Company.

Airgas on Capital Boulevard

Wake County

Airgas on Capital Boulevard

Airgas, which sells “industrial, medical and specialty gas” among other products and services, will be undergoing $123,000 worth of renovations, which will be done by Macallan Construction. Good on them, but this reporter would be nervous about doing any kind of construction around a company that’s likely storing hundreds of gas canisters around the place. If movies have taught us anything, those things can explode at the drop of a hat.

First Citizens in 2011. It will soon become a Yadkin Bank.

Wake County

First Citizens in 2011. It will soon become a Yadkin Bank.

Keeping up with the unique-name theme, Yadkin Bank will be replacing a former First Citizens at 2001 Fairview Road. Permits for $164,688 were issued to WL Bishop Construction.

Originally headquartered in Elkin, North Carolina, Yadkin opened its first bank in 1968. Following several years of mergers and expansions, a July 2014 deal brought Yadkin’s total assets to $4 billion and its total deposits to $3.2 billion.

In 2013, the Yadkin announced plans to rebrand all the banks it owned, including American Community and Cardinal State, under the Yadkin Bank name.

yadkin

Thursday, February 19, 2015

Something surprising happened last week — permits were issued for a new, that’s right, a new Pizza Hut, set to open in the Falls River Town Center in North Raleigh.

A new Pizza Hut will be opening at the Falls River Town Center, minus the once-signature red roof.

Wake County

A new Pizza Hut will be opening at the Falls River Town Center, minus the once-signature red roof.

Of course, the size on the permits is listed at 2,188 square-feet, so it’s unlikely this will be a sit-down restaurant, the likes of which have seen a spate of closings and demolitions in recent years. The $315,000 project will be handled by J.R. Leonard Construction, who will also be handling the installation of a Blockbuster Video next door. Kidding.

One Raleigh institution that existed long before the concept of home video was ever invented, Larry’s Supermarket on Milburne Road, was recently permitted for $7,000 worth of renovations. The work is being done to stabilize the building’s foundation, and will be handled by a company with the awesome name of Ram Jack.

According to the company’s website, Larry’s Supermarket is “an independent, family owned and operated grocery store in Raleigh, NC. In business since 1958, we have strived to provide excellent customer service as well as quality meat and groceries.”

This reporter’s never been, but quality meat, *and* groceries, in one place? Sounds amazing.

Larry's Grocery in 1996

Wake County

Larry\’s Grocery in 1996

Wednesday, February 18, 2015

Although the renovations that accompanied the new parking garage at Local Government Federal Credit Union were the largest of last week, more than $2 million worth of permits were issued for work at Rex Hospital.

Prior construction on the Rex facility.

James Borden / Raleigh Public Record

Prior construction on the Rex facility.

The work is being described as part of the hospital’s master plan expansion, and consists of three separate phases — each being done by Brasfield & Gorie, and each at a cost of $750,000.

Rex Hospital has undergone and planned for a number of upgrades in recent years, including $120 million in new construction and renovations, a $115 million outpatient center on Blue Ridge Road and a $60 million expansion of its cancer center.

As a matter of fact, the largest permit for last year was for a project at Rex Hospital, the new Heart & Vascular Center, built by Skanska building company for around $130 million. As all this expensive work shows, when healing is your business … business is good!

That being said, just because they’ve got the money doesn’t mean the process is easy. In addition to the usual planning commission/city council approval, hospitals have to file a certificate of need with the state’s department of health & human services before undertaking any renovation or new construction project.

Of course, the process isn’t too hard — the abundance of health care related construction projects in recent years is proof of that.

Tuesday, February 17, 2015

It’s Teardown Tuesday here on the Development Beat, and today we say goodbye to a three-family building on St. Mary’s Street a block from Glenwood South.

220 St. Mary's Street

Wake County

220 St. Mary\’s Street

The 2,319 square-foot property in question, 220 St. Mary’s, was purchased by an LLC in 2007 for $500,00 and will be demolished for $5,000 by Cecil Holcomb Demolition.

A recent flier listing the property for sale boasts that it offers “an incredible infill opportunity.” It says there are preliminary plans for either a town home or a condominium development on the site, which also includes 216 St. Mary’s.

216 is owned by a separate LLC, but both share the same Raleigh address. The flier lists the sales price at a little more than $2 million.

Monday, February 16, 2015

It’s looking like it might be a slow week here on the Development Beat — the only new building with a recent permit is a parking garage.

3600wakeforestThe garage is part of an overall series of renovations being made to a property once owned by the Wake County Board of Education. The property in question is a 98,780 square foot office building located at 3600 Wake Forest Road.

After the board relocated their administrative offices to Cary in 2010, it continued to pay about $85,000 a year in maintenance on the property. It was purchased by the Local Government Federal Credit Union in March of 2014 for $6.8 million.

The new parking garage is listed on the permits as coming in at 98,409 square feet for a total cost of $1,432,600. Barnhill Contracting will be doing the work.

In addition to the garage, Barnhill will also be constructing an on-site retaining wall for $95,000 and doing $23,265,911 worth of interior renovations which will also include a “building connector,” which sounds pretty cool.

One thought on “Development Beat

  1. Actually, I drove by there the other day and noticed that the building is just a frame now, so it may be a bit more than a cosmetic facelift. All the glass and concrete is gone. I wonder if they’ll add an addition to the front of the building (the side facing Wake Forest Road)?