Wake Forest selects developer for 353 South White St. Redevelopment

Following a competitive solicitation process and careful developer proposal evaluation, the Town of Wake Forest has selected Triangle Real Estate Company (TREC) from Cary, NC, as the developer for the 353 South White St. Redevelopment in downtown Wake Forest.

The Town received two development proposals in response to its solicitation for development partners released on February 21, 2022.

The Town will enter negotiations with TREC for a Memorandum of Understanding (MOU). Once the MOU is executed, the Town and TREC will begin negotiations on the development agreement for the site.

The project is expected to include ground floor retail, approximately 110 apartment units, and a Town-owned parking deck.

The Town purchased the former SunTrust branch, 353 S. White St., with the goal of creating a catalytic mixed-use development. For more information, including a complete project overview and key milestones, visit https://bit.ly/TOWF-353SWhiteSt.