Key Stats:
- Developer: Chatham Street Commercial
- Asset Class: Mixed-use
- Size:
- Office – 40,000 square feet
- Retail – 10,000 square feet
- Height: Three Stories
- Submarket: Downtown Cary
Rogers West and East
Over the last several years there has been a flurry of activity in Downtown Cary. We have seen several multifamily projects, including for sale and for rent, redevelopment or retail, a new library, and a new park currently under construction. One thing that has not been seen until now is speculative office space. The Rogers project changes that.
“Spec” Office
Speculative or “spec” development is any real estate development project that starts construction without a tenant or tenants in place. The opposite of “spec” is a built-to-suit project where the space is already leased to a tenant and the building is built specifically for them.
While other spec office projects have been built in recent years throughout the suburban submarkets of Cary, The Rogers building is the first spec office being built in the downtown core in recent memory. At 50,000 square feet and three-stories tall, The Rogers will be a prominent feature of Chatham Street for decades to come.
Rogers Restaurant and Alley
The Rogers Building is being built on the site of the former Rogers Restaurant. In place of the shuttered restaurant, the new mixed-use building will activate the street level with 10,000 square feet of retail space as well as an outdoor pedestrian plaza on the redesigned Rogers Alley. The alley will be pedestrian friendly, with removable bollards that can be used to exclude car traffic.
For more information, visit the project website: http://www.chathamstreetcommercial.com/rogers
