RESEARCH TRIANGLE PARK, NC [December 6, 2023] The Research Triangle Foundation of North Carolina, stewards of Research Triangle Park (RTP), today unveiled the official hotel plans for its vibrant, downtown destination, Hub RTP. An affiliate of real estate investment firm NexPoint Advisors, LP, recently completed the purchase of a prime site in the heart of the Hub RTP development, working with Dallas-based developer Alamo Manhattan to deliver a Marriott-branded Renaissance Hotel to the project.
The 250-room, full-service hotel is poised to become a cornerstone of activity for Research Triangle Park and the growing Triangle area, creating a hub of energy for businesses, travelers and the local community. Renaissance RTP will also offer more than 13,000 square feet of meeting space to accommodate a variety of gatherings. Located at 4175 Sancar Way off Davis Drive, hotel construction is slated to begin summer 2024.
“Finding the right hotel development partner is a crucial step toward shaping Hub RTP as a true downtown destination for the Park,” said Scott Levitan, President and CEO, Research Triangle Foundation of North Carolina. “After an extensive search and careful consideration, we are pleased to partner with NexPoint and Alamo Manhattan, who share our vision of creating a best-in-class lodging destination inspired by the trajectory of our evolving market.”
Renaissance is globally recognized as a premium brand within the Marriott Hotels portfolio with amenities focusing on personal touches and concierge services for guests. Alamo Manhattan is working closely with its designers to draw inspiration from the natural beauty of North Carolina. Renaissance RTP amenities will include a resort-style pool with patio seating, a coffee bar, a high-tech fitness center, and an outdoor patio with direct access to more than 20 miles of adjoining nature trails throughout RTP.
A full-service restaurant and bar at the lobby level of the property will seamlessly connect to Horseshoe at Hub RTP, the central gathering place featuring a trio of buildings offering office, restaurant and retail space wrapped around an outdoor courtyard. Horseshoe, which is being developed by Charlotte-based developer White Point Partners, is actively leasing tenants while construction is underway with plans to open fall 2024.
Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings, recently unveiled Via Labs at Hub RTP as the new name and brand of its life science development. In addition, pre-leasing for more than 400 thoughtfully-designed apartment homes from MAA Nixie is slated to begin summer 2024, marking the first time RTP will welcome residents since its inception in 1959.
At full build out, Hub RTP will be a 100-acre destination featuring up to one million square feet of office and lab space, 250 hotel rooms, 1,200 residential units, and 50K square feet of restaurants and retail all designed to bring people together to work, play and stay within RTP.
To learn more about Hub RTP and subscribe to email updates, visit https://hub.rtp.org.
About Alamo Manhattan
Headquartered in Texas, Alamo Manhattan is a veteran-owned company that was founded in 2010 to pursue new development opportunities in core urban markets. The company currently focuses on developing multifamily and hospitality projects in urban markets in Texas, the Southeast, and West Coast. Alamo Manhattan has completed, or has under construction, over $1.16 billion in development projects located in Dallas, San Antonio, Seattle, and Portland. The firm has a robust pipeline of future projects on sites that it either owns or controls, totaling approximately $1.15 billion. The company is continuously seeking and evaluating new sites for development. For more information, visit http://www.alamomanhattan.com.
About NexPoint
NexPoint is a multibillion-dollar alternative investment platform comprised of a group of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles. The firm provides differentiated access to real estate and other alternatives through public and private REITs, 1031 exchanges and other tax-advantaged real estate vehicles, closed-end funds, interval funds, and a business development company (BDC). Investment solutions draw on NexPoint’s core capabilities in real estate, capital markets, and credit. Within real estate, NexPoint has expertise across multiple property types, including multifamily, single-family rental, self-storage, hospitality, industrial, office/retail, timber, and life sciences. NexPoint is based in Dallas, Texas and is part of an integrated network of investment management and financial services businesses. For more information visit www.nexpoint.com.
About Hub RTP
Hub RTP is Research Triangle Park’s vibrant downtown. At full build out, the $1.5 billion mixed-use development will be a central, walkable urban district including up to one million square feet of office and life sciences lab space, 38,000 feet of experiential retail, 1,200 multifamily residential units, 250 hotel rooms, and more. Nature is central to the Hub RTP layout, with 16 acres of green, open space, including a stream restoration project, that connects more than 20 miles of trails in RTP. Located in the heart of the Triangle Region, Durham, Raleigh and Chapel Hill, the 100-acre project includes the existing Frontier RTP startup community and Boxyard RTP shipping container food hall and venue. To learn more about Hub RTP and current leasing opportunities, visit https://hub.rtp.org.
About Research Triangle Foundation of North Carolina
Since 1959, the Research Triangle Foundation of North Carolina (RTF) has served Research Triangle Park in its mission to facilitate collaboration among our region’s industries, universities, and workforce, and create economic impact for the residents of North Carolina by attracting the world’s most innovative companies and top-tier talent to North Carolina. Comprised of 7,000 acres, its boundaries are centrally located among Duke University, North Carolina Central University, North Carolina State University and the University of North Carolina at Chapel Hill. RTP is home to 55,000 employees and more than 375 companies and national labs, including Apple, BASF, Biogen, Cisco Systems, EPA, Fidelity Investments, IBM, LabCorp, Lenovo, Lilly, NetApp, NIEHS, RTI International and United Therapeutics. For more information, visit https://rtp.org.
Media Contact for RTF
Kelly Propst
VP of Marketing & Communications
propst@rtp.org