{"id":1004646712,"date":"2023-02-20T04:45:07","date_gmt":"2023-02-20T12:45:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004646712"},"modified":"2023-02-20T04:45:57","modified_gmt":"2023-02-20T12:45:57","slug":"kane-realty-tops-out-raleigh-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kane-realty-tops-out-raleigh-office-tower\/","title":{"rendered":"Kane Realty Tops Out Raleigh Office Tower"},"content":{"rendered":"
\"One<\/a>

One North Hills topping out celebration. Image courtesy of Brasfield & Gorrie<\/p><\/div>\n

Local developer Kane Realty Corp<\/strong>. has topped out One North Hills, a Class A office tower in the North Hills Main District Expansion project in Raleigh, N.C. Brasfield & Gorrie<\/strong> is the building\u2019s general contractor.<\/p>\n

The 10-story, 266,000-square-foot office tower features ground-level retail, a two-story lobby connected to a lounge and flexible event space, a grand terrace, ground-floor conference space. The building is scheduled for delivery in the third quarter of this year and is targeting LEED Silver designation.<\/p>\n

The North Hills Expansion project, just off the I-440 Beltline, also includes a 12-story residential tower, a five-story creative office building, and a parking deck at the base of the development.<\/p>\n

\n

READ ALSO<\/strong>: Amenities and the New Office<\/a><\/p>\n

\n

Duda|Paine Architects<\/strong>, of Durham, N.C., is the project architect. The overall project is expected to complete in the third quarter of 2024.<\/p>\n

Raleigh-Durham’s building boom<\/h2>\n

Although the Raleigh-Durham metro enjoys a 3.3 percent unemployment rate, one of the lowest in the Southeast, the market\u2019s office sector has an overall vacancy of 12.8 percent, according to a fourth-quarter report from Cushman & Wakefield<\/strong>.<\/p>\n

That figure, the report points out, has been boosted by quantities of sublease space, such that net absorption for 2022 was a negative 64,900 square feet. Spaces under 10,000 square feet are the most sought after.<\/p>\n

Continued development\u2014and subleasing\u2014are expected to keep office vacancy levels substantial, Cushman & Wakefield projects.<\/p>\n

Last September, DeWitt Carolinas<\/strong> got underway with 1000 Social<\/a>, the first of two 12-story office towers at The Exchange Raleigh, a 40-acre master-planned, mixed-use development.<\/p>\n

And just earlier this month, Trammel Crow topped out 400H<\/a>, a 365,000-square-foot mixed-use project at 400 Hillsborough St. in Raleigh that will include 150,000 square feet of office space.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brasfield & Gorrie is the building\u2019s general contractor.<\/p>\n","protected":false},"author":882,"featured_media":1004646729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,21747,1604],"tags":[49381,32799,38601,38600],"class_list":["post-1004646712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-office","category-raleigh-durham","tag-brasfield-gorrie-general-contractors","tag-cushman-wakefield","tag-dudapaine-architects","tag-kane-realty-corporation"],"acf":[],"yoast_head":"\nKane Realty Tops Out Raleigh Office Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Kane Realty Corp. has topped out One North Hills, a Class A office tower in the North Hills Main District Expansion project in Raleigh, N.C.\" \/>\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\/kane-realty-tops-out-raleigh-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kane Realty Tops Out Raleigh Office Tower\" \/>\n<meta property=\"og:description\" content=\"Kane Realty Corp. has topped out One North Hills, a Class A office tower in the North Hills Main District Expansion project in Raleigh, N.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kane-realty-tops-out-raleigh-office-tower\/\" \/>\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=\"2023-02-20T12:45:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-20T12:45:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/One-North-Hills-topping-out-celebration.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\\\/kane-realty-tops-out-raleigh-office-tower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kane-realty-tops-out-raleigh-office-tower\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Kane Realty Tops Out Raleigh Office Tower\",\"datePublished\":\"2023-02-20T12:45:07+00:00\",\"dateModified\":\"2023-02-20T12:45:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kane-realty-tops-out-raleigh-office-tower\\\/\"},\"wordCount\":308,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kane-realty-tops-out-raleigh-office-tower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/One-North-Hills-topping-out-celebration.jpg\",\"keywords\":[\"Brasfield & Gorrie General Contractors\",\"Cushman & Wakefield\",\"Duda\\\/Paine Architects\",\"Kane Realty Corporation\"],\"articleSection\":[\"Development\",\"News\",\"Office\",\"Raleigh-Durham\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kane-realty-tops-out-raleigh-office-tower\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kane-realty-tops-out-raleigh-office-tower\\\/\",\"name\":\"Kane Realty Tops Out Raleigh Office Tower - 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