$50M development at Hub RTP gets a name: Horseshoe

$50M development at Hub RTP gets a name: Horseshoe


RESEARCH TRIANGLE PARK – The building of a new retail, life science, residential and business complex at Hub RTP continues to move forward with the news Tuesday that a $50 million mix of space will be called Horseshoe at Hub RTP.

Being developed by White Point, the 125,000 square foot complex will include:

  • Some 25,000 square feet of what the developer calls “experiential and diverse retail space”
  • A large plaza
  • Some 100,000 square feet of office space

White Point says the name Horshoe “pays homage to the layout of the development, with the buildings’ focus on the central plaza, as well as a magnet’s shape to represent RTP’s reputation as a “brain magnet.”

Horseshow at Hub RTP: A rendering from developer White Point.

The Research Triangle Foundation, which runs the Park and is driving the 100-acre  Hub RTP project that someday is set to include more than 2 million square feet of office and retail space as well as residential living.

Last month, Hub RTP and developer Longfellow Real Estate Partners announced the development’s first office tower.

The Boxyard – a collection of dining and entertainment – also is being built at the Hub.

RTP gets a skyscraper: The Hub project lands office tower from developer Longfellow

Two of the largest commercial real estate firms in the region are also involved. CBRE will handle leasing the food and beverage and retail space. JLL will oversee office space leasing.

“We intend to deliver a unique, mixed-use development as we have successfully done in some of the leading live-work-play neighborhoods of the Carolinas,” said Eric Johnson, cofounder of White Point.

Horseshoe site work is expected to be completed in the second quarter of next year and to be completed in the third quarter of 2023.

A view of the Horseshoe at Hub RTP via developer White Point.

 

 

 

 

 





Source link

About the Author

Anthony Barnett
Anthony is the author of the Science & Technology section of ANH.