L Building: Update
From Triangle Business Journal:
“RALEIGH - Empire Properties’ Greg Hatem intends to bring a taste of his hometown of Roanoke Rapids to downtown Raleigh as he adds to his collection of center city eateries. Hatem, who has an ownership stake in four downtown restaurants, plans to open two more in the $60 million L Building he’s developing in partnership with Concord Eastridge of Arlington, Va.”
Unfortunately, the Triangle Business Journal only allows access to the full article online to print subscribers.
Highlights from the full article:
*The L building [groundbreaking slated for April] will “L” around a new $20.7M Wake County Parking Deck [groundbreaking slated for September].
*Hatem will open another Morning Times in the building. It will connect to “L’s Kitchen” serving “old-fashioned Southern Style” food.
*L Building is 7 stories with 12,000 square feet on the ground (retail), and the top six floors will be office space.
“Original plans for the building called for a parking deck with 832 spaces, 44 residential condominiums and 8,000 square feet of retail space.
The condos were nixed in favor of offices because city regulations that would have cramped the size of the condos, Hatem says.”
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Barden
08/03 07:21 PM
Collard Greens and cornbread on me!
The removal of the condos as part of the plans maybe be heralded as good thing from folks who say that we’re building too much (and too fast) high priced residential downtown.
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David
08/03 08:02 PM
Wowza, owning the building and the businesses inside of it is some kind of power. Glad that Greg is a smart fellow with the greater good as an internal mission.
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