Wake Forest Commercial Real Estate UPDATE
Cross + Main
Boondocks in Youngsville, NC has been sold. The swanky facility with gorgeous fixtures and exposed brick in the quiet suburban town will now be a part of the event offerings held by Rocky Top Hospitality. Dean’s Seafood Grill and Bar, The Daily Planet Café, Twisted Fork at Triangle Town Center and 1705 Prime the special event venue located at the corner of Atlantic and Millbrook Roads in North Raleigh are the current holdings of Rocky Top Hospitality.
The facility is 3420 feet and the records indicate that the sales price was $775,000. The building has had several lives….a fire station, a livery was it’s initial purpose and at one time it served as an auction house. The new name for the facility will be Cross + Main. Rocky Top Catering and Southland BBQ will be the exclusive caterers for the venue. Both owned by Rocky Top.
The building is well under way for the new Panera Bread located in the parking lot of local favorite Carolina Ale House. With it’s new breakfast sandwich offerings and bottomless coffees the word is that the lines may be long at the new offering in Wake Forest.
Coming to Wake Forest. Construction is under way next to East Coast Wings for the 84 Bed Tru Hotel. Total cost for the project is $8.0 to $9.0 million. Location of hotel will face Capital Boulevard.
Rumors are that Huddle House is looking at locations in the greater Wake Forest market to open a 24 hour “Any Meal – Any Time” concept restaurant. Stay tuned for more information. The attraction to the executives at Huddle are that Wake Forest has that “hometown” feel they seek.
Academy Sports and Outdoors
Speaking of staying tuned…rumor has it that Texas based Academy Sports and Outdoors is planning a 60,000 square foot store at the site of the former Parker-Hannifin business on Wake Union Church Road. At one point Weingarten had planned a shopping center, Wake Union Place. Currently operating 200+ stores nationwide including one in Fayetteville this will give local shoppers a place to pick up hunting and fishing gear. In addition the rumor mill has the rest of that land being used for townhouse and multi family buildings. “Will be an interesting project to watch” according to Paul Eitel, owner of Focus Design Builders, Llc.
Kima Commercial is always available to assist you with any and all commercial real estate needs.