RESEARCH TRIANGLE PARK – The building of a new retail, life science, residential and business complex at Hub RTP continues to move forward with the news Tuesday that a $50 million mix of space will be called Horseshoe at Hub RTP.
Being developed by White Point, the 125,000 square foot complex will include:
- Some 25,000 square feet of what the developer calls “experiential and diverse retail space”
- A large plaza
- Some 100,000 square feet of office space
White Point says the name Horshoe “pays homage to the layout of the development, with the buildings’ focus on the central plaza, as well as a magnet’s shape to represent RTP’s reputation as a “brain magnet.”
The Research Triangle Foundation, which runs the Park and is driving the 100-acre Hub RTP project that someday is set to include more than 2 million square feet of office and retail space as well as residential living.
Last month, Hub RTP and developer Longfellow Real Estate Partners announced the development’s first office tower.
The Boxyard – a collection of dining and entertainment – also is being built at the Hub.
Two of the largest commercial real estate firms in the region are also involved. CBRE will handle leasing the food and beverage and retail space. JLL will oversee office space leasing.
“We intend to deliver a unique, mixed-use development as we have successfully done in some of the leading live-work-play neighborhoods of the Carolinas,” said Eric Johnson, cofounder of White Point.
Horseshoe site work is expected to be completed in the second quarter of next year and to be completed in the third quarter of 2023.