{"id":1004071754,"date":"2013-04-25T08:36:48","date_gmt":"2013-04-25T16:36:48","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=121638"},"modified":"2020-04-28T01:33:45","modified_gmt":"2020-04-28T09:33:45","slug":"local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\/","title":{"rendered":"Local Developer Proposes New Plan for Mixed-Use Stanhope Center in Raleigh"},"content":{"rendered":"<p><!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 9]&gt;--><\/p>\n<p><em><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Stanhope-building.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-121642\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Stanhope-building.jpg\" alt=\"\" width=\"300\" height=\"183\" \/><\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Local developer Melton \u201cVal\u201d Valentine has submitted a new plan for a three-building mixed-use project along Hillsborough Street near N.C. State University in Raleigh. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">According to the <em><a href=\"https:\/\/www.bizjournals.com\/triangle\/blog\/2013\/04\/raleigh-developer-alters-hillsborough.html\" target=\"_blank\" rel=\"nofollow\">Triangle Business Journal<\/a><\/em>, Valentine is proposing two five-story retail and residential buildings, as well as a 70-foot-tall parking deck. The new development will spread across a 12-acre site known as Stanhope Center, bringing a total of 154 apartments and more than 55,700 square feet of retail space. The Site Group LLC of Raleigh is designing the project, <\/span><span lang=\"EN-US\">the newspaper reports. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">One of the buildings will be located at the corner of Concord and Hillsborough streets. The 70-foot structure will offer 40 residential units and about 38,000 square feet of retail or restaurant space.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Valentine\u2019s initial plan called for the construction of a nine-story building with high-end apartments and retail space on the ground floor. However, the plan has been rejected by the City Council because of its density, so the project had to be scaled down.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The other building will replace the Katmandu nightclub on Friendly Street. It will feature first-floor retail space, possibly a Kerr Drug store, as well as apartments on the upper floors. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In other news, Duke Realty Corp.\u2019s Raleigh office completed 466,686 square feet in leases during the first quarter of 2013. The transactions involved new leases, renewals and space expansions of the company\u2019s office and industrial properties in the Triangle.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u201cInterest in Duke Realty properties continues to be strong given their superior location and quality,\u201d said Jeff Sheehan, senior vice president of Duke Realty\u2019s Raleigh operations. \u201cOur success in attracting new tenants and retaining existing clients is indicative of the strength of our portfolio as well as our team.\u201d<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Hooker Manning and Alban Barrus represented Duke Realty in all of its Raleigh office leasing transactions. Manning also brokered the company\u2019s industrial transactions in the region, along with Jackson Rives of Thalhimer.<\/span><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\">Photo credits: The Site Group via www.bizjournals.com <\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Local developer Melton &ldquo;Val&rdquo; Valentine has submitted a new plan for the three-building mixed-use project along Hillsborough Street near N.C. State University in Raleigh.<br \/>\nAccording to the Triangle Business Journal, Valentine is proposing two five-story retail and residential buildings, as well as a 70-foot-tall parking deck. The new development will spread across a 12-acre site known as Stanhope Center, bringing a total of 154 apartments and more than 55,700 square feet of retail space. The Site Group LLC of Raleigh is designing the project, the newspaper reports.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1604],"tags":[1815],"class_list":["post-1004071754","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Local Developer Proposes New Plan for Mixed-Use Stanhope Center in Raleigh - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local Developer Proposes New Plan for Mixed-Use Stanhope Center in Raleigh\" \/>\n<meta property=\"og:description\" content=\"Local developer Melton &ldquo;Val&rdquo; Valentine has submitted a new plan for the three-building mixed-use project along Hillsborough Street near N.C. State University in Raleigh.  According to the Triangle Business Journal, Valentine is proposing two five-story retail and residential buildings, as well as a 70-foot-tall parking deck. The new development will spread across a 12-acre site known as Stanhope Center, bringing a total of 154 apartments and more than 55,700 square feet of retail space. The Site Group LLC of Raleigh is designing the project, the newspaper reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-25T16:36:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T09:33:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Stanhope-building.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Local Developer Proposes New Plan for Mixed-Use Stanhope Center in Raleigh\",\"datePublished\":\"2013-04-25T16:36:48+00:00\",\"dateModified\":\"2020-04-28T09:33:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\\\/\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/Stanhope-building.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Raleigh-Durham\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-developer-proposes-new-plan-for-mixed-use-stanhope-center-in-raleigh-2\\\/\",\"name\":\"Local Developer Proposes New Plan for Mixed-Use Stanhope Center in Raleigh - 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