A pair of developers are teaming up to transform a longtime retail plaza in Raleigh into one of the Triangle’s latest mixed-use destinations.
Northpond Partners of Chicago has announced a partnership with Raleigh-based LODEN Properties on repositioning the Gateway Plaza retail center into a new mixed-use project including new retailers, coworking space and entertainment.
The property is situated in the Woodcrest neighborhood of Raleigh at 2411 Crabtree Blvd. near the intersection with Capital Boulevard and about a mile south of the I-440 Beltline.
“There is no doubt that we are currently in very challenging times, but we feel that Gateway Plaza is positioned to outperform over the long term as a result of its location and unique tenant mix. This project represents a tremendous opportunity to expand our footprint in the Triangle while at the same time partnering once again with LODEN Properties.” says Sam Ankin, a managing principal at Northpond Partners. “Our team is very excited to be a part of the evolution of this asset as it fits in very well with the kinds of assets we invest in across the country.”
You can read more on partnership here