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The City of Winston-Salem and Forsyth County have each agreed to provide $3 million in support of the redevelopment, through a combination of public infrastructure and economic assistance reimbursements. You Might Also Consider. The architects were retained to complete the core and shell design, leaving open spaces with the industrial character for future tenants. Bailey Power Plant's resurrection is only the first step in the redevelopment of the Bailey Power Plant property.

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Ultimately, this project will be the connection point for the broader community to experience the impact of the Innovation Quarter by providing retail, entertainment and culinary opportunities seven days a week. Regional real estate vision, lasting impact earn Robin Team TBJ Legacy AwardFind Out More. "This new addition to the innovation community in Winston-Salem is the latest outgrowth of the dynamic partnership we have with the city, the county and Wake Forest Baptist Medical Center, and we are proud to be a part of what this project will mean for the community. With the help from the community and Wake Forest University, the building and its surrounding area has gotten a second lease on life. In March of this year, about two thirds of the power plant was purchased by Wexford Science & Technology for a $40 million project. Additional ±15, 058 SF of dividable shell space with significant TI package. A magnet for ideas, for business, for collaboration and for nightlife. Find it at 900 Old Salem Rd, Winston-Salem, NC. Collaborating directly with architects and city planners to meet local codes and regulations, we dug deep into the foundations of the park – and it's heritage. Furnished Office Spaces Available in Bailey Power Plant.

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Bailey Power Plant offers a unique mixed-use environment at the epicenter of downtown Winston-Salem's Innovation Quarter. The core and shell design honor the buildings historical industrial past by retaining original elements such as distressed concrete structures. 1 million square feet – all of which are LEED Certified. Enjoy expansive outdoor gathering spaces, communal break areas, conference rooms and innovative building design (including some historical pieces from the building's past as a working coal-fired power plant). Located in the epicenter of downtown Winston-Salem's Innovation Quarter, the second phase of Bailey Power Plant is being developed by Front Street Capital. Innovation Suites at Turbine Hall. • Office spaces range from 2, 000SF to 15, 000 SF.

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Opportunities seven days a week. 97 percent of the existing building – excluding non-structural roofing material & window assemblies and any structurally unsound/hazardous materials – was reused, earning six LEED points for exemplary performance. Front Street Sells Newly Built Winston-Salem Distribution Center for $64 MillionFind Out More. Wake Forest Innovation Quarter has announced the sale of portions of Bailey Power Plant in Winston-Salem to Wexford Science+Technology, a BioMed Realty company. Vibrant outdoor common spaces. I found the ruggedness of the building to be a great place to visit downtown and it is situated next to Baily Park. They left the old paint, peeling from the brick walls in places, to emphasize the contrast with new construction. The sale is expected to help redevelop the buildings into nearly 100, 000 square feet of office and retail space. Tenant upfit spaces vary, but most have a combination of open plan and enclosed offices.

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Looking to the Future. As a built asset that the community was interested in for years, there were visioning sessions held by multiple groups to envision a future life for the Bailey Power Plant. There was a large inner courtyard next to the eateries for kids to play as well as tables outside to enjoy the open air. Before development, the five-story structure was emptied of its original contents, such as giant steam-generating turbines, exposing its skeleton marked by cathedral-high windows and a maze of trusses. By that point, most of the machinery had been removed, including turbines, boilers, and furnaces. For the most part, the building was in solid condition when Frye first studied it a dozen years after it was vacated. Expansive outdoors spaces, engaging building design, and connectivity to the surrounding live-work-play community create an unparalleled opportunity for retail, entertainment and office space.

Trestles into walkways connected the various buildings. The story behind the renovation of this historic building is compelling, as is the level of detail and commitment to bring this project from concept to fruition. Winkler Bakery is home to the original Moravian cookie and they still use a wood-fired oven just like 200 years ago. Also challenging was accessing ACMs from the boilers.

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