News

  • Jul
    1

Lowe’s to bring 1,600 high paying jobs, new high-tech center to Charlotte

July 1, 2019

 – Governor Roy Cooper announced Thursday that Mooresville-based home improvement company Lowe’s will locate a major new technology center in Charlotte, creating more than 1,600 jobs.

“Lowe’s is expanding in a way that will take technology to new heights and this company knows its home state can provide the highly trained workforce it needs,” Gov. Cooper said in a written statement, released on Thursday.

lowes tech center_tower
The company announced in December 2018 it would add up to 2,000 technology associates to transform the company’s technology. Most of the new positions will be based at the new center in Charlotte, while others will join at existing Lowe’s locations where it has a strong technology team presence, including its Mooresville headquarters.

In conjunction with selecting North Carolina, Lowe’s intention is to locate its new global technology center in Charlotte’s South End. Set to open in late 2021, a 357,000-square-foot facility will be located in a new 23-story tower, branded with Lowe’s, in the bustling neighborhood immediately south of uptown Charlotte.

The developer, a joint venture between Childress Klein and RAM Realty Advisors, plans to break ground on the building, called Design Center Tower, in August 2019.

Today, Lowe’s employs nearly 11,000 associates in the Charlotte area and more than 28,000 associates across North Carolina.

In addition to its $153 million capital investment in the project, Lowe’s will add a variety of technology positions, including software and infrastructure engineers, data scientists, analysts, architects, User Experience (UX) and User Interface (UI) professionals, and technologists with Artificial Intelligence and machine learning engineering experience.

Lowe’s expects to fill the first 400 positions in the next year and plans to begin hiring for these positions immediately. Candidates can visit jobs.lowes.com/technology to learn about available positions and apply online.

While salaries will vary by role, the average wage for the new positions will be more than $117,000.

  • Jun
    27

Ram Realty Buys Raleigh Shopping Center

June 27, 2019

Investor Acquires Retail Center Near New Wegman’s Location

(Raleigh, NC – June 27, 2019) – Ram Realty, an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and multifamily properties in the Southeast, acquired four retail buildings from Davidson & Jones Construction Company in Raleigh, North Carolina.

Florida-based real estate firm has acquired a lifestyle center on Wake Forest Road near the first Wegmans Food Markets store planning to open in North Carolina. Photo: CoStar

Florida-based real estate firm has acquired a lifestyle center on Wake Forest Road near the first Wegmans Food Markets store planning to open in North Carolina. Photo: CoStar

The center is located near the first Wegmans Food Markets store to open in North Carolina. The supermarket is located in the Midtown East shopping center under construction just inside the Beltline.

The lifestyle retail center, located at 2904 Wake Forest Rd ., sold for $14,000,500, or about $212.09 per square foot. Two of the four buildings were built in 1996, one in 1997 and one in 2003, totaling 66,011 square feet, according to CoStar information.

A team of HFF brokers marketed the retail center on behalf of the seller.

  • Feb
    26

Construction Begins on Hawk, Unmatched Exclusive Residences Coming to South End

February 26, 2019

Hawk Building Rendering

(Charlotte, NC – February 27, 2019) – Ram Realty Advisors is pleased to announce the ground breaking of Hawk, a highly anticipated 13-story high-rise building with 71 multifamily units atop 6,200 square feet of retail. Hawk is located at the corner of Hawkins and Doggett Streets in Charlotte’s historic South End. Slated for occupancy in summer of 2020, Hawk boasts the highest-quality finishes available in rental residences. With only six apartments per floor in a building unlike anything Charlotte has seen, each residence feels more like a custom single-family home than an apartment.

 
“Ram’s vision is to bring a level of living to the epicenter of South End that doesn’t currently exist,” says Ram Realty Advisor’s Director of Development, Rachel Russell Krenz. “Hawk is a carefully planned community for distinguished residents who live private, aspiring lifestyles.”

 
Hawk’s residents will enjoy the social heartbeat of Charlotte while residing in opulent surroundings that feature sophisticated finishes and spectacular views of the Uptown skyline. Hawk’s lobby décor includes marble floors, brass mailboxes, designer lighting, walls clad in indigo silk, walnut wood veneer, honed black slate, and original art. The residences bring the most sought-after living experience in exquisite studios-, two- and three-bedroom layouts.

 
Each residence is hand crafted with a solid wood entry door opening to an all-embracing living space with wideplank flooring reminiscent of European oak and expansive warehouse-style windows that almost touch the tallest ceilings in the market. Kitchens include French-door refrigerators, gas ranges, custom walnut cabinetry, brass and black hardware, quartz countertops, and a large-format tile backsplash inspired by honed Calcutta marble. Detailed bathrooms will showcase glassed shower rooms with freestanding soaking tubs, separate toilet rooms, and rectified porcelain tile floors. Residents can also expect custom-designed wardrobes, private laundry rooms, and generously sized wood-ceiling balconies with ceiling fans.

 

Hawk Kitchen Rendering        Hawk Bathroom Rendering
“It’s been an honor to work on this unique project that utilizes an innovative precast concrete construction and as high a level of interior finishes as we have seen in the Carolinas,” says Senior Principal of Cline Design Associates Orlando Pizarro.

 
Ram maximized the value of the tight 0.36-acre site by increasing the density through height, designing a pedestrian bridge to the adjacent parking deck, and utilizing precast concrete for the structure. This innovative approach to development parallels the innovation of South End’s Design District. Ram is no stranger to the neighborhood, with over a decade of investing in the strategic development of South End. Ram’s North Carolina regional office is located in the Design Center of the Carolinas, directly adjacent to Hawk. Other Ram projects in South End include Hub South End- a mixed-use project that includes 265 apartments and over 22,000 square feet of new commercial retail, office and co-working space; and Three30Five- a multifamily community with 164 apartments and a 60,000 square feet to be built commercial component.

 
Residents will enjoy the bustling South End neighborhood filled with restaurants, shops, breweries, art, and entertainment. Hawk is less than one mile to Uptown and blocks from major employers like Dimensional Fund Advisors and Allstate Insurance. The premium location is furthered with the Lynx Light Rail East-West Station and rail trail one block away and a 15-minute drive to Charlotte Douglas International Airport. Ram’s attention to placemaking will complement the vibrant, growing neighborhood and offer a unique living option.

 
“Ram’s investment in South End continues to add to the neighborhood, and this project will provide a new kind of residential option right in the heart of a retail-rich and walkable area,” said Megan Liddle Gude, Director of Historic South End for Charlotte Center City Partners. “The density, design, walkability and mix of uses that shine in this project fulfill many of the goals set out in our community’s South End Vision Plan.”

 
The Hawk team includes general contractor Concorde Construction; architect/interior designer Cline Design Associates; civil engineer Bohler Engineering; mechanical, electrical, and plumbing engineer Jordan & Skala Engineering; structural engineer MMSA, Inc.; precast concrete manufacturer Metromont Corporation; and lender Synovus Bank d/b/a Florida Community Bank.

 
ABOUT RAM
Ram Realty Advisors acquires and develops retail, multifamily, and mixed-use properties in select high-growth markets throughout the Southeast. The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles. Since 1996, Ram has deployed in excess of $2.8 billion of capital. The Company’s assets are primarily operated by its management affiliate — 5/ten Management. Ram and its predecessor entities were founded in 1978. The Company is headquartered in Palm Beach Gardens, Florida, and has offices in Fort Lauderdale, Charlotte, Chapel Hill, and Nashville. To learn more, visit ramrealestate.com

 
###

 
MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

 
Jessica Sutherland
5/ten Management Ι Director of Marketing
jsutherland@510mgmt.com
office: 704-237-3367

  • Nov
    1

FL Luxury Apartments Command $103M

November 1, 2018

Ram Realty Advisors and Kolter Urban have sold The Alexander and Alexander Lofts, two high-end communities located in West Palm Beach

By Keith Loria via Multi-Housing News | Read Original Article here

AvalonBay has acquired Alexander Living, a two-building luxury community encompassing 290 units in West Palm Beach, Fla., from a joint venture between Ram Realty Advisors and Kolter Urban, for $103 million.

Newmark Knight Frank’s Vice Chairmen Avery Klann, Hampton Beebe and Director Jonathan Senn facilitated the sale.

“We are constantly looking for opportunities to reinvent existing buildings. Alexander Lofts met that criteria,” Casey Cummings, Ram Realty Advisors’ CEO, told Multi-Housing News.  “We also tend to pursue locations that are emerging rather than those that are established (and frequently overbuilt). This part of West Palm Beach was, and is, undergoing a renaissance. By virtue of our direct execution teams and internal discretionary capital, we can take calculated risks where others may not.”

For example, Alexander Living was the first new institutional quality apartment community to be developed in West Palm Beach after the financial crisis.

“Much of the new product in the Southeast tends to be commoditized or repetitive. This project had all of the bells and whistles that renters expect to find in a new community, plus it had character and authenticity,” Cummings said. “The community has a soul, largely as a result of the adaptive re-use at Alexander Lofts, the public art, the urban park, and the surrounding neighborhood. That said, it isn’t just buildings and amenities that make the difference, it’s the people. The residences, onsite management team, and our retail partner helped bring the buildings to life.”

 The Alexander, located at 333 Fern St., consists of 205 units and offers views of Palm Beach and the Intracoastal Waterway. The 20-story asset was turned into luxury apartments just last year.

Originally constructed in 1926 as headquarters for Southern Bell Telephone, Alexander Lofts, located at 326 Fern St., was redeveloped into luxury units in 2005.

Units in both buildings feature modern, open-concept floorplans with plank and tile flooring, soaring ceilings, large windows, balconies on select units, contemporary style baths and gourmet kitchens with stainless appliances. Both buildings are pet-friendly.

The properties’ shared amenities include a swimming pool and club room on the seventh floor, expansive 24-hour fitness center, executive business and conference center, personal video entry system and more.

“In addition, we have a gourmet raw vegan restaurant and juice bar, a lovely public park and are instantly recognized by the iconic Art in Public Places murals on the east side of both residences,” Jennifer Stull-Wise, Ram Realty Advisors’ managing director, asset management, told Multi-Housing News. “The location and views are truly our best irreplaceable amenity.”

PREMIER LOCATION

Alexander Lofts and The Alexander are situated in downtown West Palm Beach, in the heart of the Arts & Entertainment District, and within walking distance from transportation, shopping, dining and entertainment venues.

According to Stull-Wise, the city continues to grow, not just from a quantitative perspective, but more importantly from a quality of life perspective with public spaces and new transit systems such as Brightline.

“Alexander Living is located in the epicenter of all of the exciting changes taking place in West Palm Beach,” Stull-Wise said. “It’s truly becoming a cosmopolitan place to live and work.”

Ram Realty Advisors owned the properties for approximately six years and completed execution of the renovation and new development component a little over a year ago.

“We achieved stabilization late this summer,” Cummings said. “As much as we love the property and would have been pleased to own it longer-term, our funds typically target a 5+/- year holding period. We believe in the importance of following through on business plan execution.”

Last year, Ram Realty Advisors sold the Apartments of Stonehenge, a 452-unit, garden-style community in the North Raleigh submarket of Raleigh, N.C.

  • Sep
    7

Openings: Anzo brings Mediterranean bowls to Gardens’ Midtown plaza

September 7, 2018

New restaurant, Anzo, opens in Palm Beach Gardens

By LIZ BALMASEDA 
via The Palm Beach Post 
Friday, September 7, 2018
Read the original article here.

Heads up, newbies: There may not be enough room in your bowl at Anzo Mediterranean Kitchen for all the toppings offered at Palm Beach Gardens’ newest build-your-meal restaurant.

The casual, Middle Eastern-leaning restaurant offers no fewer than 15 toppings (13 of them free) to heap on your already hefty bowl ($9.45) or wrap ($8.95). To build your meal, you choose two base items (rice or quinoa and a choice of salad greens), add one of six protein items, three sauces, a roasted veg and a dressing. The menu has plenty of vegan and gluten-free offerings.

The counter-service spot, an outpost of Anzo on Clematis Street in downtown West Palm, opened at the Gardens’ Midtown plaza Aug. 30. It took over the sunlit corner space that once housed an interior décor store.

At lunch Thursday, a stream of customers quickly filled the place. I found quite the spread of fresh-made dishes on Anzo’s steam tables. My customized bowl did not disappoint: warm turmeric basmati rice, organic arugula, deliciously tender turkey meatballs, shawarma cauliflower, harissa carrot salad, marinated tomatoes, and purple cabbage slaw, sprinkled with crispy onions and za’atar croutons. On the side: hummus for dipping and coconut curry and lemon tahini sauces for drizzling.

It was a lot, I know. But it all worked and, really, you can order as much or as little as you’d like.

Expect some items to carry upcharges. Add $2.50 for slow-braised lamb or salmon skewers, $1.50 for an organic hardboiled egg or a half avocado. To drink, there’s a range of all-natural soda, fresh teas, lemonade and almond milk drinks. Various desserts, including baklava ($1.85), are offered as well.

Anzo’s opening comes about a year after the opening of Olive U Mediterranean Grill, a casual, build-your-bowl restaurant that has built a steady local fan base two and a half miles east on PGA Boulevard. Both home-grown concepts reflect a national wave of DIY-meal restaurants that has sparked diverse spots across Palm Beach County, from healthy bowls to pizza. Call it the Chipotle effect. In fact, there’s a Chipotle near Anzo at the Midtown plaza. There’s also a Blaze Pizza, where diners customize their personal pies.

But do not assume such concepts equate lackluster settings. If you’re expecting your average fast-food joint, you may be pleasantly surprised by Anzo’s stylish digs.


Anzo Mediterranean Kitchen

  • Located at: 4747 PGA Blvd. (at Midtown plaza), Palm Beach Gardens; 561-366-7753
  • Hours: Open daily from 11 a.m. to 9 p.m.
  • Aug
    22

New Sprouts Farmers Market in Durham opens TODAY, 8/22

August 22, 2018

By Faye Prosser via WRAL.com

IMG_1636

 — The new Sprouts Farmers Market grocery store in Durham is having their Grand Opening on Wednesday, August 22! There will be giveaways, samples, discounts and every customer will receive one free reusable bag with purchase.

This store will be the fourth Sprouts location in North Carolina and the second in the Triangle.

The new store is located at 105 W. NC Highway 54, Durham, NC at the intersection of Hwy. 54 and Fayetteville Road. This location is 30,000-square-feet and will employ approximately 140 people. The hours will be 7 am – 10 pm each day.

The Durham store will offer locally made products from North Carolina-based producers, including Carolina Kettle Chips, Big Spoon Roasters Nut Butters, Little Red Wagon Granola, Nello’s Pasta Sauce, Mountain Ridge Honey and Ran-Lew Dairy.

One of the fabulous things about Sprouts is that they have a commitment to “zero waste” and the new Durham store will donate unsold and edible groceries to Second Harvest Food Bank of Central and Eastern North Carolina through the grocer’s Food Rescue program. In 2017, Sprouts stores and distribution centers donated 23 million pounds of product, equivalent to 19 million meals. Food that is not fit for donation is provided to local cattle farms and composting facilities.

Grand Opening Details on August 22

Sprouts will host a ribbon-cutting ceremony that is open to the public just before the doors open at 7 a.m.

Grand opening day giveaways on August 22:

  • The first 200 shoppers will receive 20 percent off their initial total purchase. A line is expected to form at 6 a.m.
  • Delicious muffin and coffee samples will be served to everyone in line before the doors open.
  • Upon checkout, every 15th shopper will receive a coupon book featuring Sprouts savings.
  • Every customer will receive one free reusable bag with purchase.

Grand opening weekend deals:

  • Saturday, August 25 – The first 200 customers to make a purchase will receive a coupon booklet for five free deli items.
  • Sunday, August 26 – Upon checkout, every 15th customer will receive a coupon for $5 off a purchase of more than $15 to use on their next visit.

Ways to Save Money at Sprouts

There are a number of ways to save even more money at Sprouts including:

  • Wednesday to Wednesday Weekly sales: Their ads run Wednesday through Wednesday so every Wednesday, you can take advantage of the sales from 2 different ads! You will see very impressive produce prices in the ads every week.
  • Mobile coupons on their mobile app: You login or create a Sprouts account, clip the mobile coupons you may want to use and then scan the barcode on your smartphone during checkout.
  • Checkout Challenges: According to their website, “Checkout Challenges unlock special reward coupons. Each challenge requires you to earn a specific number of checkmarks to unlock your reward. This can be done in a single transaction or through multiple transactions. To activate a “Checkout Challenge” on the Sprouts Mobile App, click on the navigation menu and select “mySavings & Barcode.” Below your barcode, click on the “Checkout Challenges” badge. Select the challenge you would like to start by clicking on the “Activate” link. With the new Sprouts Mobile App your reward coupon is automatically clipped when you complete the challenge, ensuring you earn your reward in the same transaction. Simply, scan the “mySavings & Barcode” on your smartphone during checkout for instant savings. “
  • Deals of the Month flyer: Check out the Deals of the Month flyer in stores for even more discounts and sales.
  • Special Promotions: Sprouts regularly offers 72-Hour Sales, Vitamin Extravaganzas, Frozen Frenzies, Sprouts Brand Sales and more.
  • Vitamin Discount: Spend $100 on vitamins and supplements and get a 10% discount off of your total purchase.
  • Wine Discount: Save 10% when you buy any six bottles of wine.

See additional information on the ways you can save at Sprouts.com.

Additional Sprouts Locations In The Area

  • Raleigh: 9414 Falls of Neuse Road, Raleigh, NC, in the Olive Park shopping center
  • Fayetteville: 2810 Freedom Parkway Dr.
  • Both stores are open daily from 7 am – 10 pm.

About Sprouts Farmers Market

Sprouts offers fresh, natural and organic groceries in a “setting that feels like an old-fashioned farmers market” according to their website. Stores include produce, meat, seafood, deli, dairy, frozen, bulk bins, baked products, ready-to-eat meals, gourmet cheeses, gluten-free products, vitamins, health and beauty and more. Sprouts has excellent produce and meat buys every week and this new location will be a welcome addition to the grocery scene in Durham.

Headquartered in Phoenix, Ariz., Sprouts employs more than 28,000 team members and operates more than 300 stores in 17 states from coast to coast. Visit sprouts.com for more information.

 

Read the original article here.

  • Aug
    21

Sneak Peek: Inside the new Durham Sprouts grocery store before it opens

August 21, 2018

By   – Staff Writer, Triangle Business Journal

View original article here.

A new grocery store has blossomed in the shell of an old Harris Teeter.

Sprouts Farmers Market is slated to open Wednesday morning in Durham, putting its produce-centric store layout on display in a building at 105 West Highway 54.

The Phoenix-based company specializes in providing fresh organic and conventional fruits and veggies at bargain prices, intentionally situated in the center of the store. “Produce is the biggest traffic driver to our store,” says Sprouts representative Kalia Pang.

The layout will be no different at the new Durham location, which comes more than a year after Sprouts opened its first North Carolina store on Falls of Neuse Road in Raleigh.

The Durham Sprouts totals 30,000 square feet, about typical for Sprouts but smaller than traditional grocery stores.

The prices for produce in particular are how Sprouts tries to differentiate itself, Pang says, and that seems to hold true in Durham based on some of the early fruit and vegetable deals offered by the grocer. For example, Sprouts is advertising fresh, whole cantaloupe for 98 cents. At a nearby Harris Teeter, cantaloupe is advertised for $3.99. Peaches and nectarines can be bought for 98 cents a pound at Sprouts. At the same Harris Teeter, nectarines are on sale for 2.99 a pound for card-holding members, while peaches can be bought for $1.79 per pound.

Sprouts still boasts a bakery, deli, butcher and seafood counter, along with a host of other healthy and organic products throughout the store, but shoppers shouldn’t expect to find typical national brands.

Sprouts made its grand East Coast entrance in 2014 in Atlanta and has been ramping up its presence in places like North Carolina since then. The Durham location will be the third to open in the state this year, in addition to new stores in Charlotte and Fayetteville, Pang says.