Hines, through its Hines Global Income Trust, bought Waverly Place for $88.5 million from Dallas-based Northwood Retail, which acquired the retail center in 2014 for more than $52 million. Hines is one of the developers behind the recently opened Fenton development. 

Downtown Cary, already home to a cidery and multiple breweries, is getting a champagne bar. RBF Champagne Bar is set to open at 210 E. Chatham St. this fall. The new concept across the street from Bond Brothers Beer Company will be located on the bottom floor of the restored Williams House, under Bull City Ciderworks and a&bé Bridal Shop.  

In Q1, Cary issued permits for five new non-residential projects for a total of 14,396 square feet. This included permits for restrooms and structures at Carpenter Fire Station Road Park and McCrimmon Parkway Park.

This quarter, 109 non-residential alterations and additions permits were issued. The highlighted projects were: 

• The Umstead Hotel & Spa – Spa Renovation, 100 Woodland Pond Drive: Permit issued for the renovation of the two-story spa and to expand the exterior pool deck.
• Former Belk Change of Use, 1105 Walnut St.: Permit issued to change the former Belk building to a storage use and to repair the east face of the building. 
• Fenton, 301 Fenton Drive: Seven permits were issued for new tenant up-fits, multifamily exterior amenities spaces, and leasing office.

During Q1, 34 cases were in the rezoning process with three cases approved:

• 21-REZ-08, The Terraces at West Cary, 3753, 3761, and 0 N.C. 55: Rezones 11.87 acres from Office and Institutional, Office/Research and Development, and Residential 40 to Transitional Residential-Conditional Use to allow for a maximum 55-unit townhome neighborhood development. 
• 21-REZ-14, 9518 and 9520 Chapel Hill Road: Rezones 5.85 acres from Residential 40 to Transitional Residential-Conditional Use to allow for a maximum 32-unit townhome neighborhood development.
• 22-REZ-07, 0 Green Level Church Road: Rezones 30.88 acres to Industrial-Conditional Use to prohibit certain uses and allow for 237,600 square feet of building area.

In Q1, Cary approved 32 development plans. The notable plans approved this quarter were:

• Alston Landing, 11427 Green Level Church Road: Development plan for 89 townhomes south of Alston Ridge Elementary. 
• Preston Ridge, 330 Towerview Court: Development plan for 423 apartments, 109 townhomes, and associated amenities on the former radio tower site at the corner of Cary Parkway and James Jackson Avenue.
• Preston Walk Parcel 6 Medical Office Building, 1001 Darrington Drive: Development plan for a new 7,544-square-foot medical office building at the corner of Darrington Drive and James Jackson Avenue.