{"id":73058,"date":"2016-03-14T06:00:40","date_gmt":"2016-03-14T10:00:40","guid":{"rendered":"http:\/\/raleighpublicrecord.org\/?p=73058"},"modified":"2016-03-13T15:20:46","modified_gmt":"2016-03-13T19:20:46","slug":"development-beat-new-building-report-8","status":"publish","type":"post","link":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/news\/development-beat\/2016\/03\/14\/development-beat-new-building-report-8\/","title":{"rendered":"Development Beat: New Building Report"},"content":{"rendered":"

Brought to you by Rufty-Peedin Design Build<\/strong><\/em><\/p>\n

Monday, March 14, 2016<\/strong><\/p>\n

Last May, we reported on <\/a>the construction of the first of two flex office buildings on Generosity Court in Southeast Raleigh: Generosity I.<\/p>\n

Even though we followed up on this project only a few months ago<\/a>, after some\u00a0tenants had moved into the space, I probably wouldn’t have remembered the project if it wasn’t for the cutesy names of the streets\u00a0surrounding Generosity Court: Sincerity Street and Virtuous Street. Not to get sidetracked, but a part of me really wishes they’d gone with Virtuous Way instead of having two “Streets” and one “Court;” it just flows better.<\/p>\n

\"An<\/a>

Trademark Properties<\/p>

An aerial map of the site<\/p><\/div>\n

Surprisingly,\u00a0there were no\u00a0hackneyed jokes about these street names when we covered this project in the past, although I did get a bit cutesy myself when I wrote “The first full week of May turned out to be a pleasant one for new building permits \u2014 an office building is going up on Generosity Court, and a residential mixed-use will be built on Friendly Drive.”<\/em><\/p>\n

Now that we’re all caught up: permits were issued March 10 for a new building shell at 3835 Generosity Court for Generosity II.\u00a0The address for Generosity I is 3834 Generosity Court.<\/p>\n

According to a brochure from local real estate broker Trademark Properties, all 7,500 square feet of available space in Generosity I is now fully leased, and the much larger Generosity II \u2014 every time I write these names out, they sound like space probes \u2014 will have 17,1000 square feet of space available.<\/p>\n

\"Site<\/a>

Trademark Properties<\/p>

Site plans for Generosity I & II<\/p><\/div>\n

I’m no expert on commercial real estate, but having a building\u00a0fully leased less than a year after it was built seems pretty impressive. While\u00a0Generosity I is hardly the most inspiring building I’ve ever seen design-wise,\u00a0the various amenities offered must more than make up for this.<\/p>\n

According to the brochure from Trademark, these amenities include: Available Dock and drive in doors \u2022 Available Fiber optic service \u2022 14′ to 16′ clear height\u00a0\u2022 Convenient access to I-40\u00a0\u2022 High growth industrial and retail area. And it’s only $12.50\/GSF!<\/p>\n

I always thought it would be cool to rent an office space like this and live there like it was a condo building. Very peaceful at night! Except when the cleaning crew comes by. And it’s probably a zoning or a code violation or something. Also, you’d be paying almost $2 grand*\/month to live in an 1,800 square-foot industrial office space.<\/p>\n

\"Home<\/a>

Trademark Properties<\/p>

Home Sweet Home!<\/p><\/div>\n

As with all the work on Generosity I, the general contractor for Generosity II is T. Allen Pipkin Jr. The cost listed on the permits indicates this one-story, 16,711 square-foot structure will get built for $785,000.<\/p>\n

*Assuming that, like most commercial office space, the GSF rate is per annum, not per month.<\/p>\n

It’s hardly worth mentioning, but there was one other nonresidential sort-of new-building permit issued last week for an “outdoor timber structure and patio.” It’s described elsewhere as an “Amenity Pergola.” It’s one of those useless structures that looks like a pavilion but doesn’t actually have a solid roof and offers no protection from the elements.<\/p>\n

\"Useless.jpg\"<\/a>

Western Builders<\/p>

Useless.jpg<\/p><\/div>\n

It looks like it’s being built as part of the Chavis Subdivision out at 7650 Ray Road. The\u00a0site plan for the subdivision lists the Royal Oaks Building Group \u2014 also the contractor of record for the pergola \u2014\u00a0although the property appears to be technically owned by a Royal Oaks affiliated LLC.<\/p>\n

So far, it appears that twelve homes have been built in this subdivision, along with a “masonry entrance feature” and a temporary sales trailer. Site plans for the subdivision indicate plans for 82 single-family homes in the development.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

In today’s new building report, we explore permits for Generosity II, a Southeast Raleigh flex office building located near the Pepsi Bottling Plant. <\/p>\n","protected":false},"author":24061,"featured_media":73103,"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\/73058"}],"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=73058"}],"version-history":[{"count":0,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/73058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media\/73103"}],"wp:attachment":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media?parent=73058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/categories?post=73058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/tags?post=73058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}