Development Beat: Renovation Roundup

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Wake County

Bank of America Plaza

Friday, February 19, 2016

In March of 2015 we reported on newly filed site plans from Florida firm PHDevelopment for a property at 5501 Capital Boulevard. PHDevelopment owns and manages a number of properties in the area, including 6201 Glenwood, which was once home to Fat Daddy’s burgers and is now occupied by a Panera Bread.

5501 Capital Boulevard

Wake County

5501 Capital Boulevard

Due to the preliminary nature of the project at the time, no tenants were announced.

According to county records PHDevelopment purchased the property, then a car dealership, from Charlotte’s Muskgrave Properties in December 2014 for $3.1 million.

Three months later in June, Callahan Construction received a $120,000 permit to demolish the one-time home of Saturn of Raleigh. When I reported on that demolition last June, I noted that PHDevelopment had “a history of tearing down old buildings and putting up exciting things like mattress stores or Panera Breads in their place.”

On August 25 (my birthday!) Callahan received new building permits for a 13,004 square-foot shell building at 5501 Capital, a month later, permits were issued for another shell building, located next door at 5505 Capital.

And now, we finally get to learn the names of the new tenants occupying this space: The Vitamin Shoppe and…. a Mattress Firm! Man, do I know how to call it or what?

Callahan Construction on February 8 received a pair of interior completion permits totaling $202,000 for the two retailers.

One of the other large renovation permits from last week is the third of its kind we’ve seen in recent memory, perhaps part of a growing trend: building repair due to vehicular damage. The victim this time was Ole Time Barbecue at 6309 Hillsborough Street. Their slogan is, I kid you not: A Great Place To Get PORKED! That’s pretty amazing.

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The permits describe the work as “repairs from truck hitting building — building, electrical, plumbing.” That must’ve been some accident. Keith Poage will be handling the $22,000 restoration.

In other restaurant renovation news, two area Bojangles — one at 5409 Capital, the other at 1013 New Bern — are set for some exterior improvements. The Capital Boulevard location is having their awnings replaced at a cost of $70,000 by Quality First Construction.

Over on New Bern, Quality First is being paid $100,000 for the same kind of work. The awnings there must be a lot bigger or something.

Highwoods Realty will be spending $225,000 to renovate various parts of the Bank of America Building at 421 Fayetteville. The company will be handling the construction work in-house.

Bank of America Plaza

Wake County

Bank of America Plaza

There weren’t a whole lot of interesting permits last week, but we’d be remiss if we didn’t mention the 45 permits issued for roof repairs at the Woods of North Bend. Atlanta’s Reliable Roofing will be handling the work for a total cost of $316,112. The Woods of North Bend are owned by Hawthorne Residential Partners.

3 thoughts on “Development Beat: Renovation Roundup

  1. The new Bali Hai is in the Lowe’s anchored shopping center where 401 and 70 split. On the Garner/Raleigh line. FYI they don’t allow left-over containers but allow to-go orders? Stupid I know.