It’s been almost a year since construction crews started dismantling the historic structures at the corner of Main and Corcoran streets in downtown Durham to make way for the proposed 27-story One City Center tower, a building that’s slated to transform the Durham skyline.
And while securing the equity and construction financing for the more than $80 million project took longer than he anticipated, developer Greg Hills says they are officially on track to start staging equipment and machinery and start construction on Feb. 15.
“It’s been a very complicated project, … and at times like herding cats,” says Hills, founder and managing partner of Austin Lawrence Partners of Aspen, Colorado, the lead development firm for the building project. “As things would crop up with construction, the lenders or legal issues, it just became very complicated to make sure we did everything right from the start.”
The building project has about a 27-month construction timeline and is now on track to open the street-level retail spaces and the office floors by late 2017. The whole building project is slated to be finished in first quarter 2018.