Renovations planned for mixed-use office park in the Triangle

March 25, 2018 by  

Alidade Capital, which bought one of the oldest mixed-used projects in the Research Triangle Park, recently announced it intends to make major renovations to the complex. It will revamp two of the five buildings in the complex completely, making changes outside and in.

New lobbies featuring abstract art are in the plans, as is a so-called “social hub” with a glass window providing a view of trees in the park, as well as comfortable lounge furniture that invites people to stop and visit for a few moments. Upgrades to the interior will include conferences centers, flexible meeting rooms and spaces, and new cafes. Private showers and gyms are planned, and the exteriors of both buildings will get facelifts, including new color schemes, entries, and glass lines.

The park opened in 1984 with a building comprising 114,876 square feet, making it one of the oldest complexes in the area. The other building that will be renovated, which is located at 2000 Regency Parkway, opened in 1987.

Michigan-based Alidade has a number of investments in the park and in Raleigh proper, where it bought Glenwood Plaza in 2017. In 2016, Alidade bought Morrisville’s Gateway Centre, and Durham’s Triangle Business Center.

Improvements like this are sometimes motivating factors in attracting new tenants to a building, so developers could consider working with a brochure printing company to create illustrated pamphlets about the projects, highlighting the new amenities to potential tenants.