 |
| Hailey Ghalib |
The development will offer 2.5 million square feet of
retail, office, restaurant, hotel and multifamily.
 |
| Abbitt Goodwin |
Fenton will be located along Cary Town Boulevard at I-40,
Town of Cary, Wake County, North Carolina, adjacent to the Wake Med Soccer
Park.
The
highly-amenitized development is proximate to the regional job engine, the
Research Triangle Park, as well as many of the area’s best residential
neighborhoods and public and private schools.
“Fenton will create a unique, compel “We are thrilled to
have been chosen as the home for Fenton and can’t wait for all the jobs and
opportunities it will bring to our community for decades to come,” said Mayor
of Cary Harold Weinbrecht.
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| Harold Weinbrecht Mayor, Cary, NC |
Crawford Brothers Steakhouse, a new concept from fivetime James Beard Award semifinalist Scott Crawford, Superica Tex-Mex by nationallyrenowned restaurateur Ford Fry and Honeysuckle Gelato.
“On behalf of the Columbia Development team, we would like
to extend our deepest gratitude to the State of North Carolina, the State
Property Office, the Town of Cary, Wegmans, and entitlement team of Parker Poe
Adams & Bernstein, McAdams, Drake Commercial Properties and Wakefield
Beasley & Associates for their tireless efforts in assisting us to bring
this project to fruition," said Abbitt Goodwin, principal with
Columbia Development.
"We are humbled and grateful to have attracted world class partners in Hines and USAA Real Estate to take the next steps in creating a region-shaping project for generations to enjoy,”
 |
| Edmund Donaldson |
Edmund Donaldson, executive managing director for USAA Real Estate also commented: “This transaction reinforces USAA Real Estate’s build-to-core strategy of investing in Class A, mixed-use projects in high-demand areas.”
HFF, one of the largest and most successful commercial real
estate capital intermediaries, was engaged by Hines and Columbia Development to
raise capital for the project, which is expected to break ground in the summer
of 2019 with an opening in the fall of 2021.
CONTACT:
George Lancaster,
Hines
713/966-7676
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