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201 Commonwealth Court ~ Cary
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Purchase of a 14,250-SF, two-story office building for renovation and releasing to multi-tenant office users. This was Lundy’s first project in Cary under the revised Cary development guidelines. |
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512 Brickhave Drive ~ Raleigh
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30,000-SF, two-story suburban office project developed adjacent to NCSU’s J.C. Raulston Arboretum. The project was anchored by Eyebeam, a digital printing and imaging company. The balance of teh space was leased to multiple office users. |
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516 Brickhave Drive ~ Raleigh
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Single-story, 17,000-SF flex building. This project was a purchase and renovation leased to several tenants with primarily office or retail use with some shipping needs. This project was owned for three years and generated a more than 30% return to investors. |
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1921 Falls Valley Drive ~ Raleigh
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A 15,000-SF build-to-suit development for Raleigh Pediatric Associates, which almost tripled its size upon moving into the new facility. This project involved land purchase, site plan approvals, architectural design, permitting, construction and completion all on a fixed budget and schedule. |
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2319 Laurelbrook Street ~ Raleigh
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This 20,000-SF industrial project was a purchase and lease-back to the anchor tenant. The building consists of air-conditioned manufacturing or production space and a separate warehouse area. |
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3200 Wake Forest Road ~ Raleigh
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This 17,000-SF multi-tenant office building was a purchase and renovation. Hodge & Kittrell, a local residential real estate company, occupies the first floor of the building. The purchasing partnership still owns the building, which is leased and managed by The Lundy Group. |
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12740 Spruce Tree Way ~ Raleigh
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This 8,200-SF building is a medical office condominium project in the Wakefield development. The project currently houses a dentist, orthodontist, and a chiropractor. It was developed in the earliest stages of the Wakefield community. |
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The Liggett Project ~ Durham
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This project involved the renovation of historical tobacco buildings and manufacturing warehouses in downtown Durham. There were seven buildings, some as old as 100, totaling almost 810,000 SF.The Lundy Group was hired by Liggett to assist in the design of the buildings for residential and commercial re-use. The project involved obtaining municipal approvals, permitting, historic tax credit approval on the federal and state level, exploring a public/private parking deck, and HUD financing. After completion of this work, the project was sold as a package. |
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NorthChase Executive Center Raleigh
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This project consisted of two office buildings totaling 180,000 SF built speculatively. They were fully leased within one year of opening. This was Jim Baker’s first project as a general partner in the Triangle. Jim sold his ownership to invest in WestChase Executive Center. |
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Timberlyne Shopping Center ~ Chapel Hill |
This project involved the purchase and renovation of 60,000 SF of existing retail plus the expansion to 102,000 total SF of neighborhood retail and restaurants. |
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Timberlyne Shopping Center Outparcels ~ Chapel Hill |
Lundy principles purchased five acres along with the purchase/expansion/renovation of the Timberlyne Shopping Center. Two were sold to develop the Timberlyne Cinemas; one was developed into the current veterinary practice; the remaining two were developed as multi-story office. |
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Town Centre Commons ~ Apex
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Lundy developed this mixed medical and office condominium, three-building project. One building was developed and sold to Beavers Family Dentistry. Another was sold to multiple office users. The third building is owned and occupied, in part, by Children’s Dentistry of Apex. These buildings were also developed as part of a larger park that shares roads, bioremediation, and other aspects with adjacent commercial users. |
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UNC Hospitals – Home Health Building Chapel Hill
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38,500-SF, two-story office building initially developed to house the Home Health Agency of Chapel Hill. This agency and the building were sold to UNC Hospitals a number of years after development. Lundy continues to manage this property for UNC Hospitals.
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UNC Wellness Center Chapel Hill
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The Wellness Center is a UNC Hospitals satellite facility located in Meadowmont Village. This 52,000-SF facility serves as a general fitness and wellness center for the community with a heated indoor pool, substantial fitness equipment, and an indoor running track. The Wellness Center with its associated medical and classroom facilities also acts as an outpatient and rehabilitation center for UNC Hospitals.
Lundy was brought in to provide physical property management with a dedicated maintenance engineer for this property. Lundy was able to prove it could manage this satellite building at a lower cost and with better response time than if the building was managed by the hospital’s maintenance staff. Medical facility management has been a growth area for Lundy. |
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WestChase Executive Center Raleigh
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Three office buildings totaling 310,000 SF that were developed speculatively between 1985 and 1988. All three buildings were fully leased within on year of opening. The project was owned by the establishing partnership until 1999 when it was sold. Thsi project featured cutting edge architecture and a parking deck for WestChase Three. |
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Vineyard Estates Charlottesville, VA
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The Lundy Group, Inc. was the initial developer of this residential project near Charlottesville, Virginia, which is in Albemarle County. Lundy is very pleased to have been a part of this exciting project and while we are no longer involved, we are proud to have gotten it off the ground by creating marketing materials including a DVD about the project as well as a book and other printed materials. Visit www.vineyardestatesonline.com for more information about this exciting residential project. |
