Cary, NC — On Thursday, June 4, 2015, at the monthly Heart of Cary Association meeting, Jordan Gussenhoven of Chatham Street Commercial shared information with members about Midtown Square, a new redevelopment coming to Downtown Cary in the next year.
Midtown Square – Coming 2016
The new Midtown Square will rest on the northeast corner of Walker and Chatham Streets in Downtown Cary. The project will consist of both a redevelopment of 215 E. Chatham Street and a renovation of the existing midtown shopping center that is currently on the site.
Mixed-Use Office & Retail Space
The Midtown Square Office Building redevelopment will feature a total of 22,604 rentable square feet, with 2,876 of the space being retail, 19,728 being office and 2,899 being a third floor loft, which will be a unique design with exposed wood trusses and direct elevator access.
The office building will be a full service building with water, electrical and janitorial services included in the rental rate. It will also have Class A construction and finishes.
A large, open patio area will connect the Midtown Shopping Center with the office building. Gussenhoven is targeting ground floor retailers that will “activate the patio,” like a coffee shop. Different businesses will share the patio, hopefully “giving life to Chatham Street.”
Bond Brothers Brewery
A warehouse that currently rests on the site will turn into a brewery called Bond Brothers Beer Co. This space will be a 4,300 square foot brewery with a 2,400 square foot taproom and a 2,500 square foot beer garden. “We think this will be a great anchor for the project; a great gathering space for Downtown,” Gussenhoven said.
Midtown Square is currently looking for tenants. According to Gussenhoven, 30% of the office building is already committed to, and people will start signing leases this month. “There’s been a lot of interest in downtown and a lot of interest in the project,” he said.
A Neat Fact About the Midtown Logo
In North Carolina, the numbers on locomotives reflect the years in which various NC towns were incorporated. Two locomotives are coming on-line later this year, one of which will be named 1871 for the Town of Cary. The Midtown Square logo is an illustration of the Cary train.
- June 2015 – Obtain building permit for Bond Brothers Beer Co.
- Summer 2015 – Obtain site plan approval & building permit for Office Building
- Summer 2015 – Obtain minor alteration approval & building permit for Commercial Building
- Early 2016 – Commercial Building opens
- Spring 2016 – Bond Brothers Brewery opens
- Late 2016 – Office Building opens
Story by Jessica Patrick. Information and photos courtesy of Jordan Gussenhoven.