Renderings: Towers planned in downtown Durham

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.

• However, life science buildings — which typically require more in-person work than other offices — have been resilient.
• Downtown Raleigh is even trying to recruit more life science companies as part of an effort to bring more workers back downtown.