Properly, what if most of the stuff you desired had been proper the place you lived, in your house and outdoors your door — together with a real sense of household?
That’s the magic of Park Central Flats, KBS’ luxurious high-rise multifamily property with a view of Midtown Park and downtown Raleigh, North Carolina.
The latest residential collaboration between KBS and Kane Realty is a star in its personal proper: a mix of what many “Raleighites” would take into account completely curated retail — plus the luxury-and-chill character of an unbelievable constructing.
As Kane’s Stacey Buescher places it, “Park Central is such an unbelievably dynamic constructing, particularly from the retail facet.” When you think about how a lot “going native” defines the Raleigh life-style and coronary heart, you perceive exactly what she means.
Fellow Kane worker and Park Central Neighborhood Supervisor Tiffany Cyrus, a lifelong Raleigh resident, put it this manner, “Park Central is a full and vigorous constructing. We’ve an important group and blend of individuals right here, many from the realm who had no thought we had a lot happening downstairs — larger retail names and importantly, loads of native companies.”
For those who’re searching for the head of a well-rounded life-style in Raleigh, you’ll discover it at Park Central Flats. Positioned within the already nice what-more-could-you-want neighborhood of North Hills, many take into account Park Central the last word in residence residing.
The property encompasses 286 luxurious residential residence models and 34,226 sq. ft of ground-floor retail area. Plus, Park Central’s location places it on the heart of all that’s North Hills, a neighborhood with greater than 40 eating places and 80 retailers, banks, pharmacies, salons, a 24/7 grocery retailer, a health heart and a movie show. Notes Tiffany, “North Hills is simply so alive and has so many out of doors areas.”
After which there are the views from the property. Whether or not of Midtown Park or downtown Raleigh, the views from Park Central are a deal with. Park Central stares at Park and Market Streets. Diagonal from its base is a two-story Harris Teeter, the American grocery store chain headquartered beneath three hours away in Matthews, North Carolina.
Life couldn’t be extra scenic, handy or walkable.
For self-described “residence dweller at coronary heart” Liz Fuller, Park Central is “superb.” The total-time doctor’s assistant for Raleigh Orthopedic offered her North Hills home after falling in love with Park Central whereas trying to find neighborhood and connection throughout COVID-19. She says, “I’ve a stupendous one-bedroom residence that’s the right area, and I’ve a tremendous view from my balcony — which additionally means I don’t should pay for concert events!” Fuller, whose residence overlooks a greenway close to the Midtown Park amphitheater, simply re-signed for the utmost leasing interval.
She continues, “I couldn’t ask for a cleaner, nicer, better-maintained spot. The workers is unfailingly great. I like understanding the frequent facilities can be found, however the largest factor for me is the facilities within the residence itself and the way everybody right here is so good and nice. And I like having the ability to go downstairs and get espresso at Jubala — the place they at all times have my cup ready — or have a glass of wine at Vita Vite, the place I preserve attempting to speak them into giving me a tab. There are such a lot of eating places within the space the place I dwell, however all the things else, together with Goal, clothes shops and no matter, is only a brief stroll from the constructing. What’s obtainable right here is superb. You get to know folks. It’s comfy, and it’s secure. I can’t personal a home after this.”
The mid- and high-rise residences present enjoyable, luxurious type, consolation and comfort and sit atop an unbelievable mixture of retail retailers. Positioned within the coronary heart of the Midtown District in North Hills, Park Central’s surrounding extremely walkable neighborhood means tenants are steps away from over 150 eating places, retailers and leisure and minutes away from downtown Raleigh.
To know how the unbelievable space referred to as North Hills got here into being, it is advisable to return a number of many years to when Kane Realty started redeveloping it.
Stroll to EverythingMastermind developer and CEO of Kane Realty, John Kane, is credited with reworking North Hills right into a life-changing location for folks of all ages and backgrounds. Says Kane’s Tiffany Cyrus, “There’s a lot variety as a result of North Hills actually does usher in that skill for anybody and everybody to seek out one thing right here that they want and need.”
Kane himself summarized, “When Kane Realty started redeveloping North Hills practically 20 years in the past, we had a long-term imaginative and prescient for the property and the encircling space. Since then, North Hills has grown quickly, changing into one of the premier mixed-use developments in North Carolina — providing guests and residents alike the chance to dwell, play and work multi function place.”
It’s no shock that the North Hills redevelopment has acquired ongoing recognition, together with severalTriangle CREW awards and Metro journal’s Greatest Purchasing Middle award. As a 2020 Elite 1% ORATM Energy Rating property, Park Central Flats was recognized as having the most effective on-line reputations within the nation.
Park Central is the third and newest growth undertaking to be accomplished between Kane Realty and KBS. KBS started partnering with Kane on initiatives in North Hills a number of years after CEO John Kane set his sights on reinventing the submarket in 1999. Kane took what was initially a mall and accomplished a billion-dollar redevelopment of the realm that covers 165 acres, a district referred to as Raleigh’s Midtown.
The primary KBS growth three way partnership with Kane was Financial institution of America Tower, which was 72% leased at supply in January 2016 and 100% leased one 12 months after supply. Its second undertaking was collaborating with Kane on the event of Midtown Plaza, which was leased to 94% occupancy in March 2018 and offered in mid-2018.
Park Central was the businesses’ most up-to-date undertaking collectively. It’s a transparent win for 100% domestically sourced and curated retail. Accomplished in 2017, the asset was stabilized inside two years. At the moment it’s 100% commercially leased and about 94% residentially leased. KBS is intent on maintaining the property going robust.
As summarized by Allen Aldridge, KBS senior vice chairman of asset administration/acquisition, co-director of asset administration, in addition to Park Central Flats asset supervisor “Park Central will proceed to do properly due to its positioning in North Hills and the actual fact it’s proper off Midtown Park. Plus, we proceed to enhance the property. We’ve plans this upcoming 12 months to redo frequent areas once more and alter the look to make the property extra related and fashionable.”
Dwelling Luxe: The Property and Its Unbelievable AmenitiesFeaturing a recent architectural design and luxurious finishes, Park Central Flats is taken into account one of many highest-end multifamily communities in Raleigh, identified for its distinctive facilities.
KBS and Kane constructed the property to characteristic mid-rise and high-rise models at two totally different value factors. The 134 high-rise models supply 10-foot ceilings with 8-foot doorways and extra sq. footage, whereas the 152 mid-rise models supply related finishes and fixtures to the high-rise models — however at a extra reasonably priced value level.
As Property Supervisor Tiffany Cyrus shared, Park Central can virtually customise a renter’s expertise to what they need and wish. “It’s a very numerous neighborhood as a result of North Hills actually does usher in that skill for anybody and everybody to seek out one thing that they want and need,” mentioned Tiffany. “I feel our constructing does that as properly, with our two totally different constructions and totally different views and ground plans. There actually is a lot to supply folks right here at Park Central. If somebody is available in with an thought of what they need and we are able to get to the core of what they want, we often can place them on this constructing.”
In-unit facilities embrace walk-in closets, granite counter tops, chrome steel home equipment, full-sized washers/dryers, pre-wired high-speed information (telephone and cable included), ceramic tile backsplashes and walk-in showers. Choose models characteristic built-in bookcases, built-in and movable kitchen islands, floor-to-ceiling home windows, deep soaking tubs and shelved pantries.
The crew additionally offered luxurious frequent space facilities on the property which are not often discovered within the Raleigh market. Along with a clubroom that overlooks Midtown Park — and a second-floor terrace that invitations residents to collect for completely satisfied hour and to kick off the most recent live performance collection or different occasion — the event options an eighth-floor sky lounge with indoor/out of doors bar and sky deck with saltwater pool providing views of downtown Raleigh, three distinct resident-only out of doors courtyards with turf garden, TVs, grills and hearth pits. Different facilities embrace free Wi-Fi and eating areas, a health heart with cardio, CrossFit and power tools, a motorcycle heart with bike share program, sauna, professionally outfitted pet spa, work-from-home cubicles, a convention space and a billiards room, a connoisseur espresso station and extra — all located instantly above North Hills retailers and eating places.
Apart from providing versatile luxurious to its human residents, Park Central can also be identified for being one in all Raleigh’s most welcoming residence communities for pets. Says Tiffany, Park Central is “undoubtedly a pet-friendly neighborhood. We’ve a professionally outfitted pet spa and a bark park [the 9,500-square-foot North Hills Dog Park] is true across the nook. Our crew retains canine treats near our workplace so we are able to at all times feed the Park Central canines. For those who go to the Park Central Instagram account, you’ll discover folks submit footage of our canines and facilities on a regular basis.”
Raleigh Retail Perfection: A Native’s Dream Providing of RetailersPark Central’s 11 retail tenants comprise a stupendous mix of what Kane’s Stacey Buescher describes as “extraordinarily intentional leasing because it pertains to native markets.” They embrace a number of Raleigh-based companies, like kids’s clothes retailer and social gathering venue Alara + Zane, barber store Arrow Haircuts, Kilwins candies, fudge, and ice cream store, and 2022 Diamond Awards, The Better of Raleigh winners Completely happy + Hale, Midtown Yoga, Vita Vite and Raleigh’s Jubala Espresso. The steadiness of the retail area is leased by well-known chains like Orangetheory Health, premium indoor biking studio CycleBar, wellness heart iCRYO Cryotherapy and world-class major care supplier One Medical — the primary ever in North Hills to be a very boutique, concierge-type service (lately purchased by Amazon).
The heavenly odor of chocolate from Kilwins and the heady aroma of freshly roasted espresso from Jubala emit from each companies’ storefronts alongside the sting of Midtown Park, bookending neighboring retailers Alara + Zane and Vita Vite, attractive adults and youngsters who collect and play in and across the plaza.
Alara + Zane founder and proprietor, Sanaa Alyemeni, has a uniquely built-out area on Park Central’s major ground that faces and welcomes foot visitors from Midtown Park. Sanaa opened her retailer within the lifeless of COVID-19, which understandably introduced on challenges. Having weathered the pandemic and now thriving, she feels embraced by the Park Central and North Hills communities. Her rising enterprise contains a thoughtfully curated boutique of youngsters’s items and clothes retailer and a creatively designed play area — which has turn into a hotspot for memorable birthday events. “I like seeing regulars in addition to guests to the realm stroll into Alara + Zane,” she says.
Echoes artwork gallery and wine bar proprietor, Lindsay Rice, whose two-story Vita Vite additionally faces the Park, says, “It’s so nice that folks can go take a category at Midtown Yoga after which head over right here for a glass of wine. They sit on our balcony overlooking the Park and might catch the occasions on the amphitheater without cost whereas chatting with neighbors and mates.”
Lindsay likes how “It’s all very purposeful. I really feel like North Hills is the place you’ve gotten residences, retail — all the things works properly and aligns collectively. Park Central was a brand new constructing once we first moved in, and it’s undoubtedly grown and altered. It’s been thrilling to see how the entire space has expanded a lot in the kind of individuals who dwell, work and exit to eat and drink round right here.”
Lindsay continued, “Our title, Vita Vite, means ‘life and vine’ in Italian. It’s primarily based round the concept that the vine grows the grapes that make the wine that brings all people collectively across the desk with a way of neighborhood, which is what we’re all about right here at Vita Vite.”
The latest business tenant to signal, Jubala Espresso, is a valued addition. Shares Kane’s Buescher, “We had been thrilled to signal this beloved native espresso chain that selected Park Central for its third retailer in Raleigh.”
Jubala proprietor, Andrew Money, mentioned, “As somebody raised in Raleigh, I do know North Hills has been an important a part of Raleigh’s progress. Jubala is about capturing and activating the ‘entrance finish of the day’ expertise, that coffee-and-breakfast expertise for individuals who dwell shut by but in addition work shut by and wish to carry their households and benefit from the park that’s proper outdoors our door. North Hills is nice at making this occur.” Trying past his entrance door, Andrew observes, “It’s a stunning day, and I see one household having a picnic, one other’s kicking a soccer ball throughout the park — they usually’re all consuming espresso from Jubala. It’s beneath this panorama the place persons are working and residing and spending time with household that’s precisely what I envisioned our store offering to an already nice space. And I’d say we’ve grown 20% a month since we opened within the spring of 2021.”
Tyler Helikson, who owns the happiness-fueling well being meals restaurant Completely happy + Hale, couldn’t agree extra. “We’ve been open in North Hills for about 4 years,” says Tyler. “As we increase, my primary query is ‘How can we discover extra properties like Park Central in North Hills?’ Enterprise has solely gotten higher since we’ve been right here. There aren’t many properties like Park Central in North Hills. This location is our fourth and top-performing retailer, the right mixture of residential, workplace, recreation and health — the right intersection of that dwell, work and play expertise everyone seems to be craving. It lends properly to our providing and the neighborhood.”
Midtown Park: Attractive Hub and Busy VenueOne of one of the best perks of residing in Park Central is being subsequent door to Midtown Park. Often called the defining presence of Midtown Raleigh, Midtown Park is a implausible gathering spot and native venue for concert events and different occasions. The attractive inexperienced area is bordered by a strolling path and options loads of shade bushes. It’s surrounded by world-class purchasing, eating, leisure and all of the conveniences of Midtown Raleigh.
KBS lately upgraded the out of doors mixed-used plaza within the North Hills space by constructing an amphitheater and putting in weather-tolerant turf. The amphitheater provides greater than 450 occasions annually, together with the Midtown Farmers’ Market, Midtown Seashore Music Sequence, Kickin’ It Nation and a five-week Christmas celebration.
Midtown Park occasions introduced for 2023 already embrace 20 weeks of Wellness Wednesdays, three North Hills Youngsters occasions, ten weeks of Seashore Music Sequence and 4 weeks of North Hills Nights. Along with Midtown Park happenings, Raleighites can get pleasure from occasions round Midtown at two different close by venues. The Commons hosts the Midtown Farmers’ Market on Saturdays from mid-April to early November and a festive vacation tree lighting in November.
In North Hills, persons are invited to collect for a Summer time Sidewalk Sale in July and a Vacation Store & Stroll earlier than the tree lighting in The Commons. Every thing occurring within the space is supposed to construct neighborhood and create memorable experiences for residents and guests alike.
ConclusionAs one of many highest-end multifamily communities in Raleigh, North Carolina, Park Central provides residential tenants an opulent dwelling with frequent facilities that interact and convey folks collectively. Then with a delicate elevator experience to the principle ground of the constructing, they get pleasure from entry to an unbelievable mixture of retail. Simply past the constructing’s perimeter awaits an city high quality of life that’s powerful to beat.
For its business tenants, Park Central gives a likewise unbeatable location within the coronary heart of North Hills — and the chance to form and develop with a various, well-connected neighborhood.
By the tried-and-true partnership of KBS and Kane Realty, it’s a property that exemplifies luxurious residential residing with retail as an amenity.
Park Central tenant Kyle Murphy, who works as a danger analyst for a Raleigh-based financial institution, agrees the walkability of the realm elevates residing at Park Central. “The facilities are essential for luxurious residing, however it could all be for naught if issues weren’t so accessible and community-minded.” Having lived with all that Park Central provides, Kyle is fast to say, “It’s undoubtedly a life-style that’ll be laborious for me to stroll away from.” (No pun supposed.)
When something your coronary heart needs is within the constructing — or proper outdoors its doorways — why would you reside wherever else?
As Park Central Property Supervisor Tiffany Cyrus summarizes, “The facilities, ground plans, life outdoors the constructing — particularly in an even bigger metropolis, it may be laborious to seek out neighborhood. However right here at Park Central, there are individuals who bear in mind being new to the realm or new to the constructing. Individuals are likely to look out for the newcomers, and there’s a relentless bonding happening right here that even occurred throughout COVID-19.”
For additional proof, Tiffany encourages folks to go to Park Central’s social media. “You’ll see, for instance on Instagram, there’s a really giant presence from our neighborhood — and from North Hills as properly. It’s a really highly effective one in all folks and neighborhood and the sensation of actually belonging.”
Or prefer it says on the wall of the play space that welcomes guests to Alara + Zane, “We’re household.” One may argue that deep sense of neighborhood is the very dream John Kane had in thoughts 20-plus years in the past when he first envisioned North Hills: a mixed-use growth that may supply companies, folks and households a spot to thrive — collectively.
And at present, proper in the course of all of it, stands Park Central Flats, a constructing that shines like a star, maybe even just like the one Pinocchio wished upon.
To study extra about multifamily, workplace and different business actual property information, go to KBS.com/Insights.
