Expanding what is humanly possible while flirting with danger and living life on the edge (literally) is Bandaloop, a 31-year-old woman-founded dance group that uses climbing technology to defy gravity and challenge what is possible. Bounding into Raleigh from their Cali home base, the internationally recognized troupe made symbolic leaps and bounds to fete real estate development firm The Fallon Company’s grand opening of the 301 Hillsborough tower at Raleigh Crossing, aka a dynamic addition to DTR’s skyline serving up 19 stories of striking design via its angular glass facade—NTM 280,000 square feet of office space (currently leasing floors to Pendo) with 12,000 square feet of ground floor retail—to the budding Capital District.
“They say what we do is death-defying. I’d say it’s life-affirming.”
—Amelia Rudolph, founder, Bandaloop
“This building is the reason we are here,” says Bandaloop Artistic Director Melecio Estrella. “It’s an honor to work with The Fallon Company, especially with someone like Joe Fallon who understands the power of public art and dance, and works with artists to champion public art. Bandaloop has danced on 330 sites worldwide, and these glass buildings with such height are one of our prime stages because of the reflection and how they become almost part of the sky.” Clearly the sky is not the limit. bandaloop.org
WEB EXCLUSIVE It’s not clear what 2021 will look like for commercial real estate. Many companies continue to work from home without a timeline on returning to the office. In a JLL Raleigh-Durham report released at the end of 2020, vacancies were continuing to inch up. It was also reported that rental rates were holding steady with landlords offering concessions instead of lowering rents to keep property values stable. That said, construction didn’t stop in 2020—setting the stage for delivery of big developments across Wake County.
By April 2021, Kane Realty Corp.’s second phase of Smoky Hollow will be complete. The Line Downtown Apartments is open, and the office building, 421 Harrington, will open later this month. The Hollow, the street-level restaurant and retail concept lining the cobblestone streets will open in April.
The Hollow
Tower Two at Bloc(83), the sister tower to One Glenwood, will open this year. The 300,000-square-foot building includes office space, retail and a parking garage.
Tower Two at Bloc(83)
The first phase of Raleigh Crossing, a two-tower project at 301 Hillsborough St., which will house the headquarters for local software company Pendo, will open at the end of 2021 with 300 apartments, 280,000 square feet of office space and 18,000 square feet of retail to boot.
Main Lobby and 301 Hillsborough Retail
Palisades III office building on Trinity Road near the NC State Fairgrounds is scheduled to open this year. Tenant amenities include a fitness center, lounge, plaza and sky terrace.
Palisades III
Grove 98, known more as the Wegman’s shopping center in Wake Forest, will open in May. The 70-acre mixed-use development will feature apartments, restaurants and retail.
