5-story development is the first building to be erected at RTP’s new downtown project
RESEARCH TRIANGLE PARK, NC (May 15, 2023) – White Point and Research Triangle Foundation announces the topping of Horseshoe, hitting another stride for the anticipated Hub RTP downtown. This milestone marks the symbolic completion of the structural phase of the $70M office-over-retail cluster of buildings, set to open Summer of 2024.
Horseshoe enters its new locale as Hub RTP’s gathering point, where the next generation of entrepreneurs, industry leaders, and members of the Triangle Region can socialize and be enriched by the promise of Research Triangle Park (RTP), where living history where people and ideas converge. With Hub RTP, the Park enters a new chapter of social vibrancy and progress.
As the main attraction, Horseshoe will be activated to provide amenities and experiences aimed to attract talent for RTP’s 400+ companies and promoting a collaborative, inspiring environment. The 158,000-square-foot trio of buildings wraps around an outdoor plaza with a splashpad, overlooking 16 acres of greenspace, and is connected to streamside boardwalks and the central convergence of RTP’s existing 20+ mile trail system. Plans for a performance venue, programming, and public art are underway.
Horseshoe’s brand identity is two-fold, taking inspiration from the shape of the buildings and leaning into the symbol of attraction and magnets. As the entryway to Hub RTP, it takes shape as the focal point that orients the community in coming together.
In October 2022, Horseshoe broke ground with a groundbreaking ceremony with stakeholders and partners of the Research Triangle Foundation, stewards of RTP.
JLL is the leasing agent for the office component while CBRE is the leasing agent for the retail component.
At full build-out, Hub RTP boasts one million square feet of custom office and lab space, 50,000 square feet of retail, 1,200 residential apartments, 250 hotel rooms, and more. Hub RTP is the first mixed-use development and downtown core for America’s largest research park.
About Hub RTP
Hub RTP is Research Triangle Park’s vibrant downtown. At full build-out, the $2B mixed-use development will be a central, walkable urban district including up to one million square feet of office and life sciences, 1,200 multifamily residential units, 250 hotel rooms, and more. Located at the heart of the Triangle Region (Durham, Raleigh, and Chapel Hill), the 100-acre project includes the existing Frontier RTP startup community and the shipping container food hall and venue, Boxyard RTP. For more information, visit hub.rtp.org.
About White Point
White Point is a private real estate investment firm that utilizes local market knowledge, an extensive network, and an entrepreneurial approach to pinpoint unique investment opportunities. The Charlotte, NC-based firm specializes in the acquisition and development of office, retail, mixed-use and multifamily properties across the Southeast. Since 2014, the team has developed or acquired over $900 million of real estate assets. For more information, visit whitepointpartners.com.
About Research Triangle Foundation
Since 1959, the Research Triangle Foundation of North Carolina has served Research Triangle Park (RTP) in its mission to facilitate collaboration among the region’s industries, academic institutions, and workforce to create economic impact for North Carolina. Situated centrally among Durham, Raleigh, and Chapel Hill, RTP makes up of 7,000 acres, 60,000 employees, and over 400 companies and national labs. For more information, visit rtp.org.
Media Contact for White Point:
Nicole Copsis for Plaid Penguin
Media Contact for RTF:
Research Triangle Foundation of NC
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