Projects & Construction:
I want to thank the photographers and local businesses, sharing updates on projects, who make this thread possible. Without you, these updates won't happen. I don't make any money from this and these updates are to share, with both locals and out-of-towners, what is happening in the city they love. Many people reading this are far-away and this allows them to see the projects. If you can, please support any local businesses or follow social pages sharing photographs and thank them.
Last week was the slowest construction/leasing news week that I've seen in the past 15 years! We still have a nice update for this week!
A perfect Sunday song... this popular '80s rock song is also considered CCM!
• Video Link
Salem Bottling Works:
Credit: Christopher Commercial
Credit: Christopher Commercial
Credit: Christopher Commercial
NIH Research Funding:
The National Institutes of Health has awarded Wake Forest University $28.2 million to accelerate the advancement of research discoveries that improve patient care. Interestingly, Wake Forest University had $436.5 million in NIH funding in 2023.
Interstate 74:
Notice the classic cars on the car hauler, at the start:
• Video Link
New Downtown Life Science Leases:
SABEU, a leader in injection molding and mold making since 1958, is the newest tenant in downtown Winston-Salem's IQ District. SABEU’s experience and DIN EN ISO 9001 and DIN EN ISO 13485 standards certification position it as an ideal partner for regenerative medicine. The SABEU cellQART® is a high quality cell culture insert for cultivation, with semipermeable membranes and a split chamber compartment that helps to keep the inserts in place. These state-of-the-art inserts benefit cell growth for in vivo testing, allowing free access to apply growth materials and substances from all sides.
Nissen Wagon Works Mixed-use:
This project is now leasing. I think they are still doing some work at the site? The metal buildings were renovated to be leased to new industrial/warehouse tenants and most of the historic structures were demolished.
The star smokestack from the 1800s is still standing!
Credit: Linville | Team Partners
Carolina University New Campus:
The university's enrollment surged from 826 to 1,068 students, with long-term plans to have 7,000 students on the new 117-acre campus and 70,000 online students. Next year's enrollment goal is 1,500 students. They also have very little debt, with a goal to be debt free and have reserves in the bank within a year-or-so. They are currently working to have a library and classrooms completed before January, followed by residence halls by next August. The school realized there aren't many 17-year-olds interested in studying ministry, so they modernized their course catalog, while staying affordable. The school now only offers new degrees leading to stable jobs and high-paying salaries starting at $100,000 or more, such as master’s degrees in data science and innovation, along with undergrad courses covering machine learning, artificial intelligence, esports, and cybersecurity. Data science is its fastest-growing program. Carolina University closed low-performing programs in music, history, and its English master’s degree and added engineering and business. Interestingly, Carolina University is training more pastors now than at any other time in their history. They are also seeing strong growth in international students and they have translated their master’s-level ministry degrees into Arabic, Spanish, and Portuguese. They have hundreds of students from Central and South American countries, with Hispanic enrollment approaching 25%, which is on track to meet the Department of Education’s Hispanic-Serving Institutions designation. You can read more in the link:
https://ministrywatch.com/the-rise-o...booted-itself/
Novant Health Critical Care Center:
Credit: D.S. Duggins Welding
Expansion at Sparq:
Coworks is reporting: "[Jessica] Aveyard hinted at plans for an additional resource room designed to support professional growth. “We are hoping to turn a former office space into a multi-purpose resource space that our members can use to grow their businesses in a more professional way. It will be a unique resource not currently offered in the local community.” This new addition is driven by feedback from mentors and members who have identified a gap in the resources available to entrepreneurs. Aveyard is excited about the potential impact of this new space on the entrepreneurial ecosystem in Winston-Salem."
Highland Avenue Park:
This project has officially started construction, complete with a groundbreaking. If you look closely, you'll see this is near the Metropolitan Mixed-use development, with the new apartment and retail building in the background.
Credit: ForsythCountyNC
A closer look:
Credit: ForsythCountyNC
Credit: ForsythCountyNC
Metropolitan Mixed-use:
The new apartment and retail building is topped-out and wrapped. It appears to have all of the windows installed?
You can see the new apartment with retail building, from Metropolitan Mixed-use, in the background:
Credit: ForsythCountyNC
Ziehl-Abegg North American Headquarters:
Completion is set for next month. The company is already moving-in and hiring more employees. Employment has grown by 50% and the company expects to employ 1,000 or more people in this new building. Features of the new building include a research and development center, conference and meeting rooms for engineers and greeting potential customers, and a room of the office space will have screens showing the company's products to visiting customers. The company is ready for future expansion and has a level site to add another 100,000-square-feet of space to the building, if/when needed in the near future.
Nucor Steel Mill:
Nucor will open their new steel mill in First Quarter 2025. The company has already hired 139 people and is still hiring.
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