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Old June 28th, 2007, 10:30 PM   #81
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from the WSJ:

Thursday, June 28, 2007

Family Services breaks ground on new headquarters

Family Services, Inc. broke ground today on its new headquarters.

The building at 1200 S. Broad St. is the first new construction project in Forsyth County to be certified "green" by the U.S. Green Building Council.

The 15,100 square-foot is being built on a 4-acre site in the Gateway, a mixed-use development near Old Salem and the N.C. School of the Arts.

It will serve as the agency's primary site for programs including counseling, victim services, adoption, CONTACT Hopelines and Ways to Work, as well as the administrative center. It is expected to open in the spring.
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Old July 10th, 2007, 04:05 PM   #82
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New rendering released for Winston-Salem downtown ballpark. Look like Camden Yards

here is Camden Yards



Winston's Ballpark



Classic stadium! It looks more like Camden Yards than Durham's Ballpark. Its almost identical on the outside, just smaller.


I imagine since there are only about 5,000 seats much of the seating would be on the upper deck like the park in Zebulon based on the height of Winston's proposed ballpark. That way spectators would get a clear view of Winston-Salem's skyline.
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Old July 10th, 2007, 05:23 PM   #83
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I LOVE the rendering of W-S's new ballpark!!! I like the design of the stadium, as well as the surrounding development
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Old July 10th, 2007, 05:48 PM   #84
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Quote:
Originally Posted by Raleigh-NC View Post
I LOVE the rendering of W-S's new ballpark!!! I like the design of the stadium, as well as the surrounding development
its cool. Its a mini-Camden Yards, kinda cute.
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Old July 10th, 2007, 11:51 PM   #85
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i just hope he upper deck seats are high enough to get a nice view of the skyline. that site sits really low.
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Old July 11th, 2007, 01:00 AM   #86
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Quote:
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i just hope he upper deck seats are high enough to get a nice view of the skyline. that site sits really low.
Im sure they will. A big reason they are building the stadium high has to do with visibilty of the city. the other reason is that it makes it seem more like a big league park.

You cant cut the trees down but you can build the stadium taller there is more than one way to skin a cat. It should look very impressive from Business 40.
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Old July 18th, 2007, 04:01 PM   #87
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Group suggests city provide night trolley
Weekend route could be boon to downtown


By Jim Sparks
JOURNAL REPORTER

People hanging out in downtown Winston-Salem on weekend nights could soon have a new way to get around: trolley service.

The DASH, a group of young professionals that promotes activities downtown, has asked the Winston-Salem Transit Authority to determine how much it would cost to run the trolleys for about five hours on Friday and Saturday nights.

The route would go between Broad and Trade Streets by way of Fourth Street, said Greg Turner, an assistant city manager in charge of public works.

“They want to know how much it will cost so they can evaluate their funding options,” Turner said. “Once they know that they could talk to us or they could talk to sources in the private sector.”

Susan Maier and her brother, Thomas Maier, are leading the DASH’s push to get trolleys rolling along Fourth Street on weekend nights.

The DASH formed in January 2005 in response to complaints by many younger adults that there is very little to do here. Its name refers to the hyphen between Winston and Salem.

Susan Maier says she believes that the idea will work because more people are visiting and living downtown.

http://www.journalnow.com/servlet/Sa...=1037645509099
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Winston-Salem among top 25 metros in Forbes listing

The Business Journal of the Greater Triad Area - July 12, 2007

Winston-Salem ranked 24th in Forbes magazine's online rankings of "Best Metro Areas for Business and Careers." The Greensboro metro was 61st in the list.

The rankings were done in association with Forbes' listing of the best states for business, where North Carolina placed third, behind Virginia and Utah. In all, Forbes ranked 200 metro areas.


Factors listed in North Carolina's favor included the state's second-lowest cost of labor, at 18 percent below the national average.

Forbes said statewide incomes are expected to increase by 3.8 percent per year over the next five years, the second-fastest projected rate in the nation.

Winston-Salem ranked seventh among all metros in cost of doing business, which helped offset rankings of 121 and 110, respectively, in the categories of job growth and educational attainment.

Other North Carolina metros included in the rankings were Raleigh, which was first; Durham (7th); Charlotte (21st); Asheville (23rd); Wilmington (38th); Fayetteville (105th); and Hickory (167th).
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Saturday, July 14, 2007

Restaurant chain to move operations to Winston-Salem

JOURNAL STAFF AND WIRE REPORT

Red Hot & Blue Restaurants Inc. said yesterday that it will move its administrative functions and franchise support to Winston-Salem from Arlington, Va., in the fall.

The chain has 33 restaurants that feature barbecue and showcase blues music and memorabilia.

The company was acquired in December by Dancing Pigs LLC, a company controlled by Randy McCann and John Walker.

Walker, the company’s chief executive, said that the move will allow the chain to be closer to its current franchise base and to new markets that it expects to open to franchisees.

He also said that the move puts the company “squarely in the middle of the barbecue belt.”

The long-term business climate in Winston-Salem and North Carolina was also attractive to Red Hot & Blue given the company’s growth plans, the company said.
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2nd Annual Chris Paul's Winston-Salem Weekend
September 14-16, 2007

For more information about Chris Paul's Winston-Salem Weekend please email CPWSW@octagon.com.

Thank you to everyone who contributed to the success of the inaugural Chris Paul's Winston-Salem Weekend! The CP3 Foundation raised more than $150,000 to establish a scholarship at Wake Forest University.

In 2007, the primarily beneficiary of the CP3 Foundation’s fundraising efforts will be Habitat for Humanity of Forsyth County.


Schedule of Events:

Friday, September 14

Youth Day of Service
Ninth and Tenth graders from participating schools will have the opportunity to work on one of four service projects including a Habitat for Humanity wall build and a Feed the Children food distribution event.

Gala
This festive evening at the Benton Convention Center will encompass dinner, dancing, an open bar, a silent auction, and remarks by a celebrity emcee. Tables of ten are available for purchase by emailing CPWSW@octagon.com.


Saturday, September 15

Celebrity Bowling Tournament

In 2006, Chris, along with celebrities including LeBron James, Carmelo Anthony, Dwyane Wade and Dwight Howard, guests and sponsors, engaged in a fun, yet competitive, evening of bowling. Bowling teams are available for purchase by emailing CPWSW@octagon.com.


Sunday, September 16

Community Church Service and After Church Social

Chris will again host an interdenominational Christian worship service at the Benton Convention Center featuring the Wake Forest University Gospel Choir and the Choir from Dreamland Park Baptist Church, followed by a traditional Church Social featuring down-home Southern food and socializing. In 2007, the Church Social will be open to the public. Suggested donation: $10.

About the CP3 Foundation

As an NBA rookie, Chris Paul made the decision to remain a visible and active part of the Greater Winston-Salem, North Carolina community. He is committed to using his stature and profile to give back to the community that supported him, and to the high school and university that launched his basketball career. During the summer of 2005, Chris initiated a philanthropic campaign designed to highlight his dedication to the Winston-Salem community that nurtured him from his days as a stand-out high school student athlete to a national star at Wake Forest. These efforts included the refurbishment of basketball courts at the Rupert Bell Recreation Center in East Winston-Salem in 2005.

His committment to giving back to his community also led to the 1st Annual Chris Paul's Winston-Salem Weekend. The CP3 Foundation is a donor-advised fund administered by The Winston-Salem Foundation.
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Monday, July 16, 2007

City will move teen concert series to fairgrounds

JOURNAL STAFF REPORT

The Drop, a popular downtown concert for teenagers, is moving to the Dixie Classic Fairgrounds, Mayor Allen Joines said today.

City officials met this morning about The Drop and are meeting again this afternoon to sort out the details of the move.

The change comes after a 13-year-old girl was shot in the jaw after leaving the concert Friday. Crowds have steadily increased since the first concert on June 1 and in recent weeks many teens have been turned away because the current site, Corpening Plaza, is too small.

The Drop was started as a way to give teenagers something to do because hundreds were already heading downtown on Fridays for the Fourth Street Jazz series.
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Old July 18th, 2007, 05:01 PM   #88
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I like the way you present the news Easy to read and informative. Congratulations for getting the "Red, Hot & Blue" chain; I love their food!!! More important, congratulations on your The Best Places For Business And Careers ranking. Here is the list for the entire state of North Carolina - at least the areas Forbes considered.
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Old July 19th, 2007, 10:26 PM   #89
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thanks. im glad somebody is reading it.

Thursday, July 19, 2007

If you build it, will they come and park?
Some fans, neighbors worried by latest plan


By Bertrand M. Guti?rrez
JOURNAL REPORTER

For some people, baseball games at Winston-Salem’s planned downtown ballpark would come with a one-mile, round-trip walk from car door to stadium gate under the project’s latest parking plan.

The city is requiring the ballpark’s developers to provide 1,283 parking spaces for the 5,500-seat stadium.

Joe Bellissimo, the project director for Brookstown Development Partners LLC, said yesterday that 850 spaces would be next to the stadium, similar to the distance between parking lots at Groves Stadium and the entrance to Ernie Shore Field, where the Winston-Salem Warthogs now play home games.

But a third of the 1,283 spaces - 433 - would be found in a piecemeal collection of downtown parking lots, some as far east as Spruce Street and many in the Holly Avenue neighborhood. More than 700 potential off-site parking spaces have been targeted downtown, and about half of them sit along Holly Avenue, according to a list of parking lots submitted to the city by the developers.

“I am very alarmed,” said Judy Pappas, the president of the Holly Avenue Neighborhood Association. “We were told that we wouldn’t be impacted by parking because it’s too far from the ballpark.… I don’t want our neighborhood to be turned into the city’s parking lot.”

The off-site parking lots that would be used have not been decided on because agreements must be negotiated with the lot owners, Bellissimo said.

Parking plans must be submitted before Aug. 6, when the Winston-Salem City Council is scheduled to vote on a rezoning request that would allow the developer to break ground on the stadium. After the ballpark is finished, the city is anticipating spending $16 million for parking decks near the stadium.


For some people, baseball games at Winston-Salem’s planned downtown ballpark would come with a one-mile, round-trip walk from car door to stadium gate under the project’s latest parking plan.

The city is requiring the ballpark’s developers to provide 1,283 parking spaces for the 5,500-seat stadium.

Joe Bellissimo, the project director for Brookstown Development Partners LLC, said yesterday that 850 spaces would be next to the stadium, similar to the distance between parking lots at Groves Stadium and the entrance to Ernie Shore Field, where the Winston-Salem Warthogs now play home games.

But a third of the 1,283 spaces - 433 - would be found in a piecemeal collection of downtown parking lots, some as far east as Spruce Street and many in the Holly Avenue neighborhood. More than 700 potential off-site parking spaces have been targeted downtown, and about half of them sit along Holly Avenue, according to a list of parking lots submitted to the city by the developers.

“I am very alarmed,” said Judy Pappas, the president of the Holly Avenue Neighborhood Association. “We were told that we wouldn’t be impacted by parking because it’s too far from the ballpark.… I don’t want our neighborhood to be turned into the city’s parking lot.”

The off-site parking lots that would be used have not been decided on because agreements must be negotiated with the lot owners, Bellissimo said.

Parking plans must be submitted before Aug. 6, when the Winston-Salem City Council is scheduled to vote on a rezoning request that would allow the developer to break ground on the stadium. After the ballpark is finished, the city is anticipating spending $16 million for parking decks near the stadium.



http://journalnow.com/servlet/Satell...54033&path=&s=
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Green efforts earn 'Cool'designation for Winston

By Todd Luck
The Chronicle



The Foothills Group of the N.C. Sierra Club named Winston-Salem a "Cool City" recently for making a commitment to fight global warming through local conservation.

Winston-Salem is the 16th city in the state to be declared a Cool City by the Sierra Club. Mayors of Cool Cities have signed the U.S. Mayors Climate Change Agreement, a pledge to work to reduce carbon dioxide pollution. Scientists say that carbon dioxide pollution causes global warming, an increase of the Earth's temperature that could have devastating effects.

The seriousness of global warming - which scientists say could cause deadly hurricanes, earthquakes, floods and the extinction of many forms of wildlife and vegetation - has caught the world's attention. More than 170 nations have signed the Kyoto Protocol Global Warming Treaty, which also calls for a carbon dioxide pollution reduction. The United States has not signed that treaty, despite cries to do so from environmental groups.

The mayor's agreement was started in 2005 by Seattle Mayor Greg Nickels to get action on global warming at a local level. So far more than 500 mayors have signed the agreement. Winston-Salem Mayor Allen Joines signed the agreement in March and the City Council passed a resolution in May to perform a greenhouse gas emissions inventory. Carbon dioxide is one several greenhouse gases, which, if unchecked, are believed to be the main culprit in the warming of the Earth's surface.

The mayor was presented with a plaque of appreciation from the local Sierra Club. Joining Joines at Grace Court Park, were City Council Members Vivian Burke, Joycelyn Johnson, Molly Leight and Dan Besse.

Besse, who is also a candidate for N.C. Lt. Governor, said the city's energy supply and transportation system are its two big sources of carbon emissions. The city is looking for ways to cut emissions down and save energy, which will not only be good for the environment but also save the taxpayers money, Besse said.

The city took a small step in that direction last year with the purchase of of several Honda Civic hybrid sedans. The cars were bought after Council Members requested that city vehicles be more functional and economical.

N.C. Sierra Club Organizer Tom Jensen said that Winston-Salem is a trendsetter with its city vehicles.

"I always tell them Winston-Salem is the model for creating a fuel efficient fleet across the state," said Jensen.

The city is also looking for ways to make its heating and lighting systems more efficient. Besse said even the city's stoplights are designed to save energy and money, with energy efficient light-emitting diode (LED) technology replacing traditional stoplight bulbs.

Foothills Cool Cities coordinator Elyse Jung said she was pleased that the mayor and City Council are dealing with such serious environmental issues.

"As you all know, this is a huge problem for us and most scientists agree we don't have much time to work on this," said Jung.

Joines said that with the lack of action on the federal government's part, local governments are stepping up to address the issue of global warming.

"I think certainly it will save the city money as we save power and deal with significant environmental challenges," said Joines.

Other Cool Cities in North Carolina include Chapel Hill, Durham, Boone, Asheville and Carrboro.

For more information and list of Cool Cities visit www.coolcities.us.
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Wednesday, July 18, 2007

Part of Sixth Street will convert to two-way on Sunday

JOURNAL STAFF REPORT

The three blocks of Sixth Street between Cherry and Main streets will be closed at 9 a.m. Sunday while a city crew repaints traffic lanes and installs signs to convert this section to two-way traffic. The work is scheduled to be completed and the street reopened by 3 p.m. The job will be postponed if it rains.

The block of Sixth Street between Marshall and Cherry streets will remain one-way until another lane can be added. For more information, call the Winston-Salem Transportation Department at 727-2708.

http://www.journalnow.com/servlet/Sa...J_BasicArticle
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Saturday, July 14, 2007

IT software supplier sets up office downtown
Solutience broke off from BMW in S.C., hopes to expand and hire more workers



By M. Paul Jackson
JOURNAL REPORTER

The view from Richard Fowler’s office in downtown Winston-Salem was overcast and rainy yesterday. But Fowler said he didn’t mind.

To Fowler, the chief executive of Solutience Inc., the view illustrates the American dream and the growth of his company.

“If I still lived in England, I don’t think this opportunity would’ve come my way,” he said.

Solutience is a small information-technology company based in South Carolina. It opened an office at the Winston Tower at 301 N. Main St. last month.

The company provides consulting and support services for the manufacturing industry, including automobile manufacturers, biotechnology laboratories and drug companies.

Business-management software is a multibillion-dollar industry, and companies that can provide support for businesses that use that software could see big financial gains, said Charles Iacovou, an assistant professor of information technology at Wake Forest University.

The business software has “really has become almost the basic platform for companies,” Iacovou said. “A whole industry has grown around providing secondary services” for those companies.

Solutience was a subsidiary of BMW Group but broke away from that business in a management buyout in 2003.

Solutience decided to open an office in Winston-Salem to be close to the region’s developing technology industry, Fowler said.

“Winston-Salem is also one of those places that you can see that the city is trying to do a redevelopment,” he said. “We like to become involved in the redevelopment of cities like this.”

■ M. Paul Jackson can be reached at 727-7473

http://www.journalnow.com/servlet/Sa...=1037645507705
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Old July 19th, 2007, 10:58 PM   #90
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You bet I read your W-S news One of the things I like about your city is that y'all are very silent with your progress and that is to W-S's credit. Keep up the good work, regardless of the number of replies you get.
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Old July 23rd, 2007, 08:10 PM   #91
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Civic Plaza plans coming together

The White Furniture plant renovation in Mebane won't be the only Triad project Niemann will be involved with. On the other side of the region, he's the preferred developer for the Civic Plaza project in downtown Winston-Salem, considered by many center-city enthusiasts to be crucial to downtown's development. As the "preferred developer," Niemann is working on the plan for the project and has first rights to the property.

Civic Plaza, at one time called the "Superblock," consists of space generally bounded by Third, Fourth, Trade and Liberty streets. The development will be adjacent to the under-construction One Park Vista, which will have 33 high-end condominiums and commercial space on the first floor.

The project's overall complexity has caused it take longer than originally planned to get out of the ground, Niemann said, with new projects in downtown changing the market's needs. Also, questions about demolition or renovation of existing buildings on the property, which is owned by multiple users including Forsyth County, the Downtown Winston-Salem Partnership Foundation and Piedmont Federal, have lingered.

Niemann said the current plan for Civic Plaza calls for a large park and a high-rise of between 20 and 22 stories that would include apartments, retail and office space.

"We don't have an exact number of apartments (figured out) yet," he said. "But more than likely it will be apartments priced at market rate with various sizes."

At the nearby Nissen building, by comparison, rents range from $700 for studio units to $1,165 a month for two-bedroom, two-bath units, according to the property's Web site.

Getting city, county help

The Pepper building, at the southwest corner of Fourth and Liberty streets, and the former county courthouse, which sits along Fourth Street between Liberty and Main streets, would both be preserved under the current plan, which Niemann said he's excited about.

"We've always had some angst about tearing those down," he said. "The fact that the community and the downtown partnership are thinking that (preservation is the best option) is music to my ears."

Niemann said that the Pepper building would still be part of the purchase of property that his company would make as part of the Civic Plaza project, and the renovation of it could include a retailer on the lower level and "more than likely, apartments" on the upper floors.

Civic Plaza has been a key component of the downtown Winston-Salem redevelopment plan for years, and with its location, Downtown Winston-Salem Partnership President Jason Thiel said it can serve as a connector between development that has taken place along Fourth Street, including the renovation of the Nissen building into apartments and new restaurants such as Mellow Mushroom, and the development along Trade Street and into the arts district that includes several galleries, restaurants and bars.


"This is the cornerstone of the (downtown Winston-Salem) plan," Thiel said of Civic Plaza.

Niemann said because of the scope of the project, which could have a value of more than $100 million when fully built out, he will discuss partnerships with the city and county for infrastructure, such as a parking deck, that would help defray his costs.

"Because of the Civic Plaza being public space and the cost of a parking facility ... I think it justifies the public/private partnership, given the economic impact."

Niemann said he hopes to begin those discussions as early as this summer, and that construction on Civic Plaza could begin as soon as next spring or summer.

Reach Matt Harrington at (336) 725-1163 or mharrington@bizjournals

http://triad.bizjournals.com/triad/s...y2.html?page=2
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Award-winning dinosaur live show coming to Winston-Salem

11:37 AM EDT Monday, July 23, 2007
by Matt Harrington

Winston-Salem's Lawrence Joel Veterans Memorial Coliseum will be one of 20 North American tour stops -- and the only one in North Carolina -- for an award-winning live dinosaur show based on the BBC series "Walking with Dinosaurs."

City officials as well as Bruce Mactaggart, head of Immersion Entertainment, which is the producer of the live show, announced Winston-Salem's inclusion this morning at the coliseum.


The show, which had its North American premiere in the Seattle area July 11-15, will play seven shows in Winston-Salem from Oct. 10-14. In Seattle, the show sold more than $2.3 million in tickets and was seen by more than 52,000 people.

"Walking with Dinosaurs: The Live Experience," features 15 dinosaurs created with state-of-the-art technology as well as theater-style craftsmanship. The tallest dinosaur, the Brachiosaurus, stands 53 feet tall, which will put it just two feet below from the video board at the coliseum, Mactaggart said.

"This is not an exhibit," he told an audience of elected officials, media and other community guests. "This is an entire theatrical experience."

The show's score was performed by an 80-piece orchestra in Sydney, Australia, where the live show made its international premiere.

"Every now and then, an event comes along that is truly unique," said Bucky Dame, director of the coliseum complex. "This really has a 'wow' factor."

Tickets will cost between $27.50 and $68 for the two-hour shows, and there is a family night special for the first performance, which features an $8 discount on the first 3,000 upper-level seats sold. Tickets go on sale July 28.

Mactaggart said he has invested six years and $20 million into production of the show. The BBC show won several awards, including three Emmys, and was watched by more than 700 million people.

"We are thrilled to be part of this event traveling around the United States," said Winston-Salem Mayor Allen Joines. "We're in very distinguished company in terms of the cities it will be coming to."
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More downtown streets to become 2-ways


these are scheduled to be converted in 2009

http://journalnow.com/servlet/Satell...99325&path=&s=

Last edited by TwinCity; July 23rd, 2007 at 08:17 PM.
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Old July 23rd, 2007, 09:08 PM   #92
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Thanks for the updates, TwinCity. I am glad to hear that the Civic Plaza high-rise went back to 20+ floors. If I recall, it started like that, but they reduced the height to 16 floors afterwards. Either way it is going to be a nice project, but I prefer the 20+ story version, so I am glad to hear the good news. Also, I am happy to hear about the street conversion. I always feel limited with one-way streets.
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Old July 23rd, 2007, 09:23 PM   #93
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yes i hope its official. some members on another forum say that we should see the new renderings pretty soon.
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Old July 23rd, 2007, 09:28 PM   #94
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Congratulations on getting the dinosaur show. We were one of the lucky 20 cities selected too.
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Old July 23rd, 2007, 10:29 PM   #95
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Fox8 posted an excellent video of their special report on downtown residential. its pretty much a summary of the majority of projects that are built, planned, proposed, and under construction.

http://www.myfoxwghp.com/myfox/pages...Y&pageId=3.2.1
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W-S office market continues to tighten

The Business Journal of the Greater Triad Area - 2:59 PM EDT Monday, July 23, 2007

The Winston-Salem office market continues to tighten and currently has a 16.4 percent vacancy rate, its lowest since January 2001, according to data released Monday by local appraiser Michael Clapp.

Clapp's semi-annual market report showed average asking rates also are creeping up, to $16.68 in this survey, up from $16.56 in January and $16.37 a year ago.


The vacancy rate, which is taken from 53 properties surveyed, improved from 18.2 percent, where it was both in January and last July.

The improvements took place in the downtown and north Winston-Salem submarkets. Vacancy rates in the west submarket, which includes the popular Stratford Road corridor, were slightly higher, at 13.4 percent, up from 12.2 percent in January and 10.8 percent a year ago.

High-end, or "Class A" office space, is as full as it has been in two and a half years, Clapp said, with a 13.7 percent vacancy rate. The Class B market is also improving.

While the report showed good news, Clapp cautioned that, according to survey results, "rent concessions are commonplace in both (Class A and Class B), so it is quite likely actual rents are lower than asking rents."

http://triad.bizjournals.com/triad/s...ml?jst=b_ln_hl
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Winston-Salem Taking Steps to Go Green

http://www.myfoxwghp.com/myfox/pages...Y&pageId=3.2.1
video

Last Edited: Monday, 23 Jul 2007, 12:53 PM EDT
Created: Monday, 23 Jul 2007, 12:53 PM EDT

The city of Winston-Salem has joined a growing number of U.S. cities that have made conserving energy a priority. From recycling methane gas waste for other purposes to inserting hybrid and gas-sipping cars into the city's fleet, Winston-Salem has taken serious steps to cutting down on its carbon footprint. Even an adopt-a-flowerbed program has been instituted.
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Old July 23rd, 2007, 10:43 PM   #96
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Both pieces of news are excellent. Lower vacancy rates will help new proposals. If I recall correctly, the renovations in the Winston Tower supplieded more office space to the downtown market and that wasn't easy to overcome. More "green" initiatives are also a step to the right direction
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Old July 25th, 2007, 07:52 AM   #97
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Twin City,

Thanks for all the updates. I never realized their were so many different types of housing being built in downtown. I work downtown but didn't pay much attention I guess. I really hope they build a 20 plus story building as part of the civic plaza.

I am happy they are going to preserve alot of the historic buildings as well. That is one of the many reasons I love living in Winston Salem. The old combined with the new just gives it a whole different feel than some cities I have been too.
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Old July 25th, 2007, 02:59 PM   #98
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I totally agree with you, W-S has a very different feel to it, a nice blend of historic and modern structures. I watched the video about the residential options and truly impressed me. Unfortunately, and I cannot explain that, Triad cities are very silent about their progress. There is so much going on, but nowhere near the noise other places make I am looking forward to my next visit, which shouldn't be too long from now.
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Old July 25th, 2007, 07:12 PM   #99
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I hope Civic Plaza goes through; the renderings looked really nice.

Speaking of office vacancies, how much total office space exists in downtown Winston-Salem?
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Old July 25th, 2007, 09:52 PM   #100
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I have no idea krazeeboi. i went to the DWSP website and it didnt provide any info.

smallville, i think a lot of people dont realize it either...lol. but yeah, civic plaza could be something really eye-catching if both the courthouse and pepper building are preserved along with a 20+ tower. this is the first time since 2004 where the courthouse was brought up as a potenial part of the development. at one time there was a rumor that it would be demolished for future building.

raleighnc, speaking of vacancy rates, todays article is a bit scary. nothing is really official or guaranteed, but still you cant help but worry that GMAC could cut operations in downtown.

Wednesday, July 25, 2007

GMAC Insurance reviews operation in Winston-Salem

JOURNAL STAFF AND WIRE REPORT

GMAC Insurance said yesterday that it is evaluating all of its Winston-Salem operation as speculation increases about potential job cuts here.

GMAC has about 1,170 employees locally, according to Nigel Alston, the director of employee and community relations for the division.

Asked to comment on speculation that there might be changes in store for the company’s local data and human-resources operations, Alston said: “There have been meetings with employees to explain the changes we’re going through as we’re organizing for growth and more profit. We’re taking a look at all the business functions, not just in technology.”

The division’s parent company, GMAC Financial Services, was bought in November by a consortium of investors led by Cerberus FIM Investors LLC, a private-investment company based in New York; Citigroup Inc.; Aozora Bank Ltd.; and The PNC Financial Services Group Inc.

“It’s nothing that is necessarily imminent, but I don’t have a particular timeline,” Alston said. “We would be changing whether we had new ownership just because of the times.”

GMAC Insurance is not alone among major area employers pursuing cost savings through outsourcing and offshoring information-technology services. A short list includes Aon Corp., BB&T Corp., Dell Inc., Hanesbrands Inc., and Wachovia Corp.

Employment officials said that thousands of jobs could be at stake, either locally or within companies’ domestic operations.
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