- The first 25,000-square-foot building is fully leased. Now the developers are planning a second building of up to 60,000 square feet.
- The coastal town is weighing a development that would bring new amenities to the community.
- The project would include up to 50,000 square feet of commercial space and a mix of market-rate and mixed-income housing. American Asset Corp. bought the site for $11.8 million in 1999.
- The tower, Raleigh's first high-rise residential building, is now owned by a New York developer planning significant updates to the property.
- The buyer scooped up the restaurant property months after it opened.
- Sticker shock from current market rates and limited availability of large industrial spaces are expected to push many Charlotte-area tenants toward renewing.
- The abrupt decision comes as data center proposals continue to face resistance across North Carolina.
- The major project has been years in the making after previous plans were rejected by the Sanford City Council.
- The industrial automation company had spent five years planning to build its own headquarters. Then a chance conversation with a builder changed everything, allowing the growing company to concentrate on customers instead of a construction project.
- The abrupt decision comes as data center proposals continue to face resistance across North Carolina.
