Renderings: Towers planned in downtown Durham
A Chicago developer has released its first designs for a multi-tower development in downtown Durham that would transform a shopping center into a life sciences campus.
Driving the news: Sterling Bay wants to build a 13-story residential building and an 11-story lab building at 606 Fayetteville St., as part of the first phase of a project it's calling Heritage Square.
Why it matters: The project, which could begin construction next year, would be one of the largest commercial developments to be built near the Hayti neighborhood — a historically Black community that was disrupted by the construction of the Durham Freeway in the 1960s.
Details: It would be built on top of the Heritage Square shopping center, which is currently home to Food World and Pelican's SnoBalls.
- Sterling Bay bought Heritage Square last year for $65 million, according to Durham County records.
- The first towers would be just one phase of a decade-long plan to build on the property.
- In addition to the lab and residential buildings, the first phase includes retail and restaurant space.
- Sterling Bay is partnering with the investment firm Harrison Street and the Acram Group, former owner of the Citrix building in Raleigh, for the project.
Between the lines: If construction does start soon, it would be one of just a few office developments being built in the Triangle, which has seen vacancy rates increase due to remote work.
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