227 FAYETTEVILLE STREET, RALEIGH, NC 27601
2
PROPERTY DESCRIPTION
227 FAYETTEVILLE STREET was completed in 1964 as one of Raleigh’s most prominent modernist structures. Constructed for Wachovia Bank’s regional headquarters for nearly 50 years, 227 Fayetteville now presents itself as the premier location for Class A office and retail space in downtown Raleigh. A meticulous $8.1 million renovation of the building will prepare the building for occupancy in the first quarter of 2015. The building’s lower floors feature high-visibility retail-level
suites
opening
onto
Fayetteville
Street, Wilmington Street, and the prominent Market and Exchange Plazas. In conjunction with the extensive renovation of 227 Fayetteville Street, the City of Raleigh has moved forward with a complete redesign of Market Plaza and Exchange Plaza, set for completion in early 2015. The building now features four renovated elevators servicing the 104,000 square foot building, opening onto
lobbies featuring original terrazzo floors and mosaic tile. 360-degree views of central downtown Raleigh are offered in Floors 4-9 of 227 Fayetteville, as these column-free, 11,000-square foot floor plates are wrapped with operable windows, providing warm, natural light for all within the building to enjoy. The building connects to the Moore Square Parking Deck through a secured tunnel, and also offers a secure bike storage room, providing efficient transportation solutions for the downtown Raleigh workforce. Utilizing the building’s striking original 1960s modernist design and infusing it with modern utilities and new building systems, 227 Fayetteville presents itself as the preeminent real estate offering in Raleigh.
FLOOR PLANS STAIR 2 A603
WOMENS
MENS
A602
A604
STAIR 1 A601
MAIN LOBBY A605
UP DN
HC REST. A606
ELEV 3
ELEV 2
ELEV 1
A607
A608
Floors 4-9
ELEV 4
ELEC.
SHELL SPACE
Approx. 11,000 RSF per floor
STAIR 2 A303
DN
UP UP
MAIN LOBBY
DN
A304
STAIR 1 A306
SHELL SPACE A301
HC RESTROOM A308
ELEC./DATA A305
Floor 3 (Mezzanine)
Approx. 7,942 RSF
236' - 8" 1
24' - 8"
1
STAIR 1
2
3
BR101
A306
4
6
6' - 4"
5
EXIST. WOMENS
EXIST. WOMENS
BR106A
BR106
16' - 0"
EXIST. WOMENS ?
7
BR109A
12 TL
1
028
4' - 0"
025 1' - 9"
11' - 7 1/2"
ELEV 5
1' - 9"
HC REST.
UP
8 A504
4 A201
BR107
116
MAIN LOBBY
51' - 6"
6
BR121
031
A601
ELEV 4
7
1
ELEV 3
ELEV 2
ELEV 1
6
EXIST. VAULT
11' - 7"
6
EXIST. VAULT BR114
6
P-2
5' - 2" P-2
1' - 9"
6' - 9"
6' - 1 1/2"
1' - 10 1/2"
6 6
6' - 4"
BR111 EXST
EXST 6
6
032
1 DEMO EXISTING SHAFT
Concourse 1 (Branch)
6
6
6
2 A203
6
6 1
A
Approx. 16,362 RSF
029
SHELL SPACE BR016
64' - 2"
030
023
022 EXISTING ESCALATORS TO REMAIN
2 A504
UP
P-1
1 A305
027
DN
STAIR 2
A115
P-1
DN
TUNNEL TO PARKING DECK (SEE SHEET A504)
026
024
TL
B 035
EXIST. MENS
8
BR106B ?
CORRIDOR
EXIST. STORAGE
BR113
BR112
BIKE STORAGE 6
BR110
SAMPLE OFFICE LAYOUTS
TRANSFORMATION OF PLAZAS Originally built in the 1960s through a public-private
development and redevelopment. The City of
partnership between the City of Raleigh, Wachovia
Raleigh has completed the redesign of these
Bank, and Raleigh Bank and Trust, Market Plaza
plazas, as their renovations coincide with the
and Exchange Plaza were constructed as a test for
extensive renovation of 227 Fayetteville Street,
the Fayetteville Street Mall. In 2006, Fayetteville
located between the plazas. Completion of the
Street was reopened, unifying downtown
plazas’ renovations is expected to be in Spring
Raleigh’s neighborhoods through Raleigh’s
2015.
main street, and opening the door for a wave of
DOWNTOWN RALEIGH RESIDENTIAL MAP Located in the geographical center of downtown Raleigh, 227 Fayetteville is surrounded by approximately 973 residential units, all within walking distance of the property, with an additional 863 20 units currently in development.
9
NC STATE CAPITOL
8 7
HILLSBOROUGH ST
10 16
11
17 HARGETT ST
18 NASH SQUARE
12
19
13
22
MOORE SQUARE
6
21 20
14
4
23
3
15
RALEIGH CONVENTION CENTER
FAYETTEVILLE ST
5 2
1
1. The Ten at South Person - 10 units
9. Capital Apartments - 31 units
16. The Dawson - 66 units
2. Person Pointe - 12 units
10. Prairie Building - 11 units
17. Park Devereux - 46 units
3. Carlton Place - 80 units
11. The Atrium - 6 units
18. Hue - 208 units
4. Founder’s Row - 48 units
12. 228 Fayetteville St - 2 units
19. Martin Place - 12 units
5. Palladium Plaza - 65 units
13. The Plaza Condominiums (PNC Plaza) - 139 units
20. Skyhouse - 320 units
14. The Hudson - 64 units
22. The Lincoln - 224 units
6. City Market - 4 units 7. New Bern Place - 18 units 8. Bailey Building - 11 units
15. Sir Walter Apts - 140 units
21. The Edison Apartments - 239 units 23. The L - 80 units
DOWNTOWN RALEIGH RESTAURANT/BAR MAP Downtown Raleigh’s growing restaurant scene has recently landed it among the “Top 10 Tastiest Towns in the South” according to Southern Living. Its restaurants, including everything from spicy Laotian cuisine to traditional North Carolina barbecue, have received national acclaim for their culinary achievements and talent.
24 13
15
NC STATE CAPITOL
HILLSBOROUGH ST
7 18 23 3 HARGETT ST
17 11 1
NASH SQUARE
20
4
8 14
25
16 21
9 22
26
6
10
RALEIGH CONVENTION CENTER
1. The Raleigh Times
11. The Morning Times
20. Sitti Authentic Lebanese
2. The Pit
12. Char-grill
3. Gravy
13. Snoopy’s Hot Dogs
21. Bida Manda Laotian Restaurant and Bar
4. The Remedy Diner
14. Capital Club 16
5. Big Ed’s City Market
15. Second Empire Restaurant and Tavern
6. The Fiction Kitchen 7. Subway 8. Quiznos 9. Chick-fil-a 10. Jimmy John’s
MOORE SQUARE
5
2
FAYETTEVILLE ST
12
22. La Volta Italiano 23. Centro 24. The Cupcake Shoppe Bakery
16. Caffe Luna
25. Square Rabbit
17. The Morning Times
26. Videri Chocolate Factory
18. Crema 19. Benelux
19
DOWNTOWN RALEIGH RETAIL MAP With an influx of residential units and a shift for business to be downtown, Raleigh has attracted many local and national retail tenants to relocate to the downtown central business district.
NC STATE CAPITOL
HILLSBOROUGH ST
19
RALEIGH 5 NASH SQUARE
12
18 11
4
17 6
3 7
8
HARGETT ST
9 13 10
2 1
16
22
MOORE SQUARE
15 14
21
RALEIGH CONVENTION CENTER
FAYETTEVILLE ST
20
1. Adam Cave Fine Art
9. Stitch & Holly Aiken Bags
17. Quercus Studio
2. Cimos
10. Feelgoodz
3. City Market
11. Dovetail Fine Woodworking and Fine Art
18. Raleigh Denim Workshop + Curatory
4. Deco Raleigh 5. Father & Son Antiques 6. High Cotton 7. Nora and Nicky’s designer resale 8. nüvonivo
19. Sorry State Records
12. Flanders Gallery
20. Tasty Beverage Company
13. Kimbrell’s of Raleigh Inc.
21. Videri Chocolate Factory
14. Lisa Stewart Designs
22. Visual Art Exchange
15. Lumina Clothing Company 16. Moon and Lola
DOWNTOWN RALEIGH HOSPITALITY/TOURISM MAP Fayetteville Street is the heart of downtown Raleigh’s thriving culture and boasts a never-ending supply of art festivals, concerts, national conventions, holiday celebrations, farmers’ markets and more. The 500,000-square-foot Raleigh Convention Center alone brings 440,000 guests to downtown Raleigh every year.
3
NC STATE CAPITOL
HILLSBOROUGH ST
RALEIGH 16
15
13
HARGETT ST
NASH SQUARE
11
12
14
10
MOORE SQUARE
19
9
1 FAYETTEVILLE ST
2
17
18
8
RALEIGH CONVENTION CENTER
5
4
7 6
1. Raleigh Marriott City Center
8. Lincoln Theatre
14. The Mahler Fine Art
2. Sheraton Raleigh Hotel
9. Artspace
15. Beehive Studios
3. Holiday Inn Hotel Downtown Raleigh
10. The Pour House Music Hall
16. Block Gallery - Raleigh Arts Commission
4. North Carolina Theatre
12. Adam Cave Fine Art
5. Carolina Ballet 6. Duke Energy Center 7. North Carolina Symphony
11. Marbles Kids Museum 13. The Fish Market Student Gallery
17. Raleigh Convention Center 18. Red Hat Amphitheater 19. 311 West Martin Galleries and Studios
DOWNTOWN RALEIGH PARKING MAP 227 Fayetteville has direct access to the Moore Square Parking Deck via a secured underground tunnel, with 300 parking spaces dedicated to tenants. Downtown Raleigh additionally offers over 8,000 parking spaces with both hourly and monthly parking options.
NC STATE CAPITOL
HILLSBOROUGH ST
RALEIGH
13
1
2
HARGETT ST NASH SQUARE
3
MOORE SQUARE
4
11
5
FAYETTEVILLE ST
12
10
9 RALEIGH CONVENTION CENTER
6 7
8
1. Alexander Square Parking Deck (726 spaces)
6. Charter Square Parking Deck (583 spaces)
10. Cabarrus Deck (603 spaces)
2. Wilmington Station Deck (726 spaces)
7. Convention Center Underground Deck (420 spaces)
11. Salisbury Deck (465 spaces)
3. Moore Square Parking Deck (706 spaces) 4. Blount Street Deck (1232 spaces) 5. City Center Deck (1000 spaces)
8. City of Raleigh Parking Deck (24 spaces) 9. Hannover Parking Deck (475 spaces)
12. Wake County Parking Deck (992 spaces) 13. Municipal Building Deck (476 spaces)
MARKET SUMMARY
Fueled by a well-educated pipeline of graduates from Raleigh’s NC State University and nearby UNC-Chapel Hill and Duke University, in addition to several other local private universities and community colleges, Raleigh’s technology scene continues to thrive. In August 2014, the United Nations projected Raleigh to grow faster over the next fifteen years than any other large city in the
United States. Large companies and new start-ups continue to take root in downtown Raleigh, as the area’s most unique commercial spaces are tucked comfortable in the midst of the region’s most popular restaurants, bars, and premier residential and retail offerings. Some of the hundreds of technology companies that find their home in downtown Raleigh are: