🏢 Top Five 26.16
👋Welcome to the Top Five, a weekly newsletter by Jed Byrne that demystifies Raleigh development. If a friend sent you this email, you can subscribe below!
Good morning!
Home Equity
I’m becoming less convinced that building wealth through appreciating home equity is beneficial as I used to think. I also think we have a lot of policies used to support that goal that also aren’t helpful and cause some unintended outcomes. I wrote all about it on LinkedIn. Can you review and let me know what I’m missing?
Lowered Barriers
If you’ve been getting this newsletter for any amount of time, you know how much I love the idea of reducing barriers to entry for Commercial Real Estate. I saw a great LOCAL example last weekend at Shelley Lake. Total cost? One sign. (Yes, I know there are other hidden/administrative costs)
Shelley Lake is now part of the Park Food Vendor program. While food trucks are allowed at other locations, the Shelley Lake location allows businesses to set up a food cart at the entry (near Sertoma Art Center) to the greenway.
I think this is a FANTASTIC IDEA! It’s an excterlely low cost and tactical way to bring value to residents and local businesses.
Book Update
As of yesterday, all Kickstarter rewards have been shipped! That phase of the project is now complete and it’s on to general marketing and sales of the books.
Thank you for your support of the project over the last 18 months!
Best Regards,
Jed Byrne
Advisor & Broker
Oak City CRE, LLC
On to the Top Five! ⤵️
1) Paused Development: Dalian Development has cleared their site on Hillsborough Street, but there seems to be no plan to start construction yet.
2) WakeMed Underground: There is a rock room under WakeMed Hospital. Part of the hospital was built on top of a large boulder. This part of the foundation now sits in a private rock room.
3) GoTriangle Funding: GoTriangle received $2M in federal funding for the Triangle Mobility Hub.
4) Crooked Hammock: The Crooked Hammock brewery is opening at Glenlake in West Raleigh later this month.
5) Seaboard Station: The latest phase of development at Seaboard Station has begun with redevelopment of the retail space at 802 Semart Drive.
