WeWork coming to Durham's One City Center

Where Businesses Thrive

Big news, folks!  The mega New York-based co-working company, WeWork, is coming to Downtown Durham at One City Center!  WeWork will be taking up the fourth and fifth floors with over 58,000 square feet of space. 

"We are excited to expand our presence in North Carolina with our first Durham location, WeWork 110 Corcoran St.,” WeWork’s General Manager for the Southeast Bobby Condon said in a statement. “Durham is truly a unique, innovative city in the heart of North Carolina, and 110 Corcoran St. reflects our commitment to the community and its creators who are looking for a new way to work.”

WeWork will now be the largest office-space tenant at the One City Center.  Duke University, which was the first tenant the project announced, has an agreement to lease 55,000 square feet in the building.

For more info, read the article in the Herald Sun here: http://www.heraldsun.com/news/business/article193135119.html

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One City Center Launches Striking New Website

FOR IMMEDIATE RELEASE

New Site Offers a Sneak Peak into the Unprecedented New Durham Development

DURHAM, NC – July, 2016– One City Center launches a fresh website today that gives prospective home buyers, office tenants, retailers and the City of Durham an in-depth look into the new landmark property. Slated for completion in the spring of 2018, One City Center will provide the core with an iconic symbol of growth and ex- citing transformation for Downtown Durham’s vitality and energy. The website, like the building, is reflective of the personality of Durham from its visual photographs and video content, to its comprehensive neighborhood maps. One City Center is the result of a unique partnership between the acclaimed developers Austin Lawrence Partners (ALP), CO & NC-based, and Virginia-based REIT Armada Hoffler Properties.

Through stunning photography, videos, renderings, floor plans and maps, the new website brings to life what makes One City Center an important addition to the skyline of the Bull City. Prospective buyers, tenants and the community can now explore the stunning residential properties, expansive office spaces and prime retail spaces. Sales for the residential units have been extraordinarily strong and the launch of the new website opens One City Center to an even larger audience.

“We are excited to share the progress and excitement of One City Center on the website,” says Jane Hills, Partner, ALP. “We cannot thank the City of Durham enough for all of their support and we are absolutely thrilled to be such an integral part of the downtown core. We would also like to thank Armada Hoffler for their valued partner- ship in bringing this project to life!”

The website (www.onecitycenter.com) will continue to evolve until the opening with updates on retailers, office tenants and other project news.

ABOUT AUSTIN LAWRENCE PARTNERS:

ALP has been creating homes, offices, shops and all other sorts of beautiful places for over 32 years. They have earned a strong reputation around the country for their work, which currently totals over three million square feet of developments and more than 2,000 multi-family units. Their strategy for each has been to soak up the environment, and let the work reflect a place’s history and heart. The results have won awards and, more than that, won the approval of Preservation Societies, City Councils and, of course, families and neighborhoods nationwide. ALP has offices in Aspen, CO and Durham, NC and ongoing projects in Durham, NC and Coeur d’Alene, ID.

ABOUT ARMADA HOFFLER PROPERTIES:

Armada Hoffler Properties is a full-service real estate company with extensive experience developing, building, acquiring and managing high-quality, institutional-grade office, retail and multifamily properties throughout the Mid-Atlantic and Southeastern United States. Founded in 1979 by Daniel A. Hoffler, the Company has evolved into a vertically-integrated, self-managed real estate investment trust (REIT) and is listed on the New York Stock Exchange as “AHH”. Armada Hoffler Properties has a multi-decade track record of successfully partnering with other developers, property owners and tenants with the flexibility to structure joint ventures that leverage the Company’s capabilities and those of its partners. 

Armada Hoffler, Austin Lawrence Partners to Co-Develop ONE CITY CENTER

REBusinessOnline.com posted an article on our recent co-develop joint venture with Armada Hoffler Properties, Inc.

"Armada Hoffler Properties, Inc. has entered into a joint venture development agreement with Austin Lawrence Partners to develop and own One City Center, an $86 million, 27-story mixed-use project in downtown Durham. The development will feature 130,000 square feet of office space, 22,000 square feet of street-level retail space, 139 residential units and a two-level underground parking garage." 

Read the entire article here: http://rebusinessonline.com/armada-hoffler-austin-lawrence-to-co-develop-86m-mixed-use-tower-in-durham/

We're exited to have Armada Hoffler onboard to help develop the office and retail portions of the ONE CITY CENTER in Downtown Durham! 

One City Center Durham NC

Real Deals: Slew of projects promise to reshape core of downtown Durham

Reshaping Downtown Durham

Great article about the ONE CITY CENTER and Downtown Durham's renaissance from The News & Observer: 

"For all the attention the ongoing revitalization of downtown Raleigh has drawn in recent years, it’s hard not to think that it will soon be overshadowed by the activity sweeping downtown Durham."

"As for the 27-story tower, which is to be built on the former Woolworth’s site, that will include 25,000 square feet of retail, 130,000 square feet of office, 31 condos and 109 apartments. Duke University has already agreed to lease 55,000 square feet of office space in the tower."
Read more: 

Read more here: http://www.newsobserver.com/news/business/real-estate-news/article10253540.html

 "Last week, Austin Lawrence Partners began initial site work on what will be the tallest building in Durham – a 27-story tower at the corner of Corcoran and Main streets that will be a mix of offices, retail shops, apartments and condominiums."  

"Last week, Austin Lawrence Partners began initial site work on what will be the tallest building in Durham – a 27-story tower at the corner of Corcoran and Main streets that will be a mix of offices, retail shops, apartments and condominiums."