{"id":22395,"date":"2014-12-12T11:44:41","date_gmt":"2014-12-12T16:44:41","guid":{"rendered":"http:\/\/raleighpublicrecord.org\/?p=22395"},"modified":"2014-12-16T23:06:55","modified_gmt":"2014-12-17T04:06:55","slug":"north-hills-retirement-community-begins-vertical-construction","status":"publish","type":"post","link":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/news\/development-beat\/2014\/12\/12\/north-hills-retirement-community-begins-vertical-construction\/","title":{"rendered":"North Hills Retirement Community Begins Vertical Construction"},"content":{"rendered":"
Editor’s note: this post has been updated to reflect the accurate location of First Watch’s existing Raleigh location.<\/address>\n

Raleigh\u2019s first continuing care retirement rental community will soon be coming to North Hills, thanks to the early December issuance of building permits for the project, which is known as the Cardinal at North Hills.<\/p>\n

\"cardinal2\"<\/a><\/p>\n

Plans for the $40 million, 400,000+ square-foot facility were drawn up by Cline Design Associates, the North Carolina firm behind the award-winning design of the Salvation Army\u2019s Judy D. Zelnak Center For Hope on Capital Boulevard.<\/p>\n

\"The<\/a>

Karen Tam \/ Raleigh Public Record<\/p>

The new Salvation Army building on Capital Boulevard.<\/p><\/div>\n

The Cardinal will be unique from many other retirement communities in that it will offer its residents a month-to-month rental option instead of requiring a significant entrance fee or the purchase of an equity interest in the property.<\/p>\n

In addition to assisted living, memory and nursing care, the complex will also feature an indoor pool, a chapel, a library and a card room with a wet bar, but, tragically, no video arcade.<\/p>\n

These luxuries come at a cost, of course \u2014 rent starts at $4,500 a month for the one-bedroom, 800-square-foot \u201cSalisbury\u201d and goes all the way up to $8,954 for the Edenton, a 3-bedroom, 2,000-square-foot setup that also includes two walk-in closets. There are a total of 298 units.<\/p>\n

\"A<\/a>

Cline Design Associates<\/p>

A rendering of the Cardinal at North Hills<\/p><\/div>\n

Of course, for the price of the cheapest room, it\u2019s feasible one could elect to, for instance, stay at a nearby hotel instead. We recommend Embassy Suites Crabtree, mostly due to the presence of Raleigh the parrot in the lobby, but really, any hotel would probably be more exciting than even the poshest retirement community. Unless that community is in Florida<\/a>, apparently.<\/p>\n

\"This<\/a>

This post was not brought to you by Dominos.<\/p><\/div>\n

Two of the area\u2019s better chain restaurants \u2014 Chick fil-A and Dominos \u2014 are set to undergo some minor renovations this month. The Dominos at 2603 Glenwood, which delivered an excellent medium cheese pizza to this reporter last week, is scheduled for $34,000 worth of work, while the Chick-fil-A at Brier Creek will have $65,000 worth of alterations done. Everything really is more expensive at Brier Creek.<\/p>\n

Those seeking out a slightly more upscale dining experience will be pleased to learn that permits were issued recently for a second location of Spring Rolls, an Asian-fusion restaurant. The upscale eatery will be located off Wade Park Boulevard near the PNC Arena, a ten-minute drive from its existing North Hills location.<\/p>\n

\"The<\/a>

James Borden \/ Raleigh Public Record<\/p>

The North Hills location of Spring Rolls<\/p><\/div>\n

Although it\u2019s hard to compete with a place named after one of the world\u2019s most delicious appetizers, The First Watch daytime cafe is certainly doing its best to give Spring Rolls a run for its money in the category of best new restaurants permitted last week. With a menu that includes everything from the Chickichanga tortilla to Key West Crepeggs, it might not be a bad idea to start the day there and finish it at Spring Rolls.<\/p>\n

Coincidentally enough, th new First Watch location will also be its second in Raleigh. The breakfast cafe opened on Glenwood Avenue in North Raleigh\u00a0earlier this year; this one will be found at the Plantation Square shopping center on Capital Boulevard. The company has announced plans to open three other locations in the region.<\/p>\n

Like the luxurious amenities at the Cardinal, all these delicious foods \u2014 pizza, spring rolls, Chickichangas \u2014 come with a cost, albeit one that\u2019s more apt to expand your waistline than shrink your wallet. So it\u2019s fortunate that permits were issued recently for Raleigh Personal Training, which will be located off Spring Forest Road near Capital Boulevard.<\/p>\n

According to the permits, the fitness center will occupy 6,000 square feet of space. An old listing for the property pegs the monthly rent at $3,750. Which maybe explains why gym memberships are so expensive.<\/p>\n

Coming Soon<\/p>\n

While the Development Beat has served these past months as the city\u2019s least-reliable source for information on the planning commission, the Record\u2019s new city hall reporter, Chris Tepedino, has taken over coverage of the meetings.<\/p>\n

You can read it here<\/a>, and rejoice in the lack of weak jokes and forced Law & Order references.<\/p>\n

Really though, there wasn\u2019t much this week. They recommended approval for a parking deck. Woo-hoo.<\/p>\n

By The Numbers<\/p>\n

As much as we\u2019d like to, we haven\u2019t found someone to pass this section\u2019s coverage off to yet, so prepare yourself for a dull look into November\u2019s real estate and permit issuance numbers.<\/p>\n

Real estate agents and local contractors didn\u2019t have a lot to be thankful for last month, as the value of permits issued and property sold both declined from November of last year. November 2013 saw 644 real estate transactions with a total value of more than $500 million; this year\u2019s 724 transactions had a value of just $269 million.<\/p>\n

The biggest sale for the month was that of Manor Six Forks, an apartment complex off Six Forks Road near Atlantic Avenue. The property was purchased for $48.5 million by Illinois-based Sherman Residential.<\/p>\n

\"Manor<\/a>

Bing Maps<\/p>

Manor Six Forks<\/p><\/div>\n

Originally named Windsor Manor, the property has had a bit of a troubled history \u2014 after opening in 2010, the developers were hit with more than $6 million in lawsuits from contractors who were not paid in full. A mere two years later, it was acquired at a foreclosure auction by an investor, who then sold it to another company.<\/p>\n

\"A<\/a>

Bing Maps<\/p>

A small plot of land behind the Southeast Raleigh Childcare Complex sold for $2,100 last month<\/p><\/div>\n

The month\u2019s cheapest purchase was for a small plot of land behind the Southeast Raleigh Childcare Complex off Poole road, which sold for $2,100.<\/p>\n

The number and value of permits issued in November also saw a decline from last year \u2014 546 valued at $125 million in 2013, compared with 421 valued at $102 million in 2014.<\/p>\n

The biggest permit issued last month was one valued at $20 million, for The Gramercy apartments near Glenwood South. The smallest? $100 for a \u201cReduced Pressure Zone Device\u201d installation at \u201cJust One More Bite.\u201d For the curious, RPZD has something to with plumbing.<\/p>\n

\"A<\/a>

JDavis Architects<\/p>

A rendering of The Gramercy<\/p><\/div>\n

While the month-to-month numbers for November weren\u2019t great, the year-to-date figures are slightly more encouraging. 2014 has seen 5,758 permits issued with a total value of $1.4 billion; through November of 2013 there were 6,235 permits valued at $963 million.<\/p>\n

Real estate numbers are also on the rise \u2014 2014 has seen 9,225 transactions valued at $5.3 billion, vs. 8,258 transactions valued at $3.99\u00a0billion this time last year. It is likely these numbers will continue to grow well into 2015 and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Cardinal at North Hills, a continuing care retirement community, received building permits December 5, paving the way for a 298-unit complex that will allow its residents to rent, rather than own.<\/p>\n","protected":false},"author":24061,"featured_media":22386,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1599],"tags":[],"_links":{"self":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/22395"}],"collection":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/users\/24061"}],"replies":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/comments?post=22395"}],"version-history":[{"count":0,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/22395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media\/22386"}],"wp:attachment":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media?parent=22395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/categories?post=22395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/tags?post=22395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}