All posts tagged: Grubb Properties

Let’s talk about the redevelopment of the CVS building on Franklin Street

On Feb. 20, the Chapel Hill Town Council heard the first plans for the CVS building on Franklin Street from Cary-based Grubb Properties. The developer wants to completely revamp the look and feel of the building, located at 136 E. Franklin St. and 137 E. Rosemary St., that used to be known as the Bank of America Center. According to Grubb Properties’ marketing materials, it wants to put in a new façade, a new lobby in 136 Rosemary St., 16 new restrooms, new roof, new LED lighting, and it says, demolition of all interior walls. The developer also owns the parking deck at 125 E. Rosemary St., which it wants to demolish and replace with a new parking deck. Additionally, Grubb Properties wants to demolish the existing Wallace parking deck on Rosemary Street and replace it with 200,000 square feet of office and “wet lab space,” according to the N&O. Grubb had bought these properties last April for $23.5 million. The redevelopment plan also calls for new “public green spaces,” behind the Chapel Hill Post …