Dominion Realty Partners

NEWS

The development and redevelopment of urban and suburban infill locations with a mix of property types.

DRP Breaks Ground on Southwest Charlotte’s Newest Apartment Community

We’re proud to announce they have closed the debt and equity for their latest multi-family development, The Exchange Apartments. Construction is expected to commence this month on the project which will add 252 apartment and townhome luxury residential units to the Exchange Business Park located on 15.8 acres directly off I-77 and Tyvola Road.

mar 31, 2023


DRP and Peterson to Co-Develop Holly Springs Newest Mixed-use Community, Peterson Station at Sunset Lake

The project will add 316 apartments luxury residential units to Holly
Springs on the corner of Sunset Lake Road and Stephenson Road. Along with the apartments, the project will include 43,000 square feet of ground floor retail that will be owned and
managed by Peterson Properties, LLC.

nov 8, 2022


Raleigh needs to build 45,000 apartments by 2035: Report

As apartment construction continues at a record pace across the Triangle, a new study shows the record numbers of new builds would be needed annually for more than ten years to meet expected demand for units.

AUG 8, 2022


Dominion Realty Partners starts construction on multifamily project in southwest Charlotte

Raleigh-based Dominion Realty Partners has begun construction on LakePoint Apartments, at 2200 Cascade Pointe Blvd., which will include 299 apartments and 59 townhomes.

JUL 19, 2022


$100M Morrisville development takes shape with apartments, office space

A local developer is starting construction on a large Morrisville development that includes residential and commercial space.

jun 10, 2022


Raleigh bank targets ‘brand exposure’ with new downtown HQ

Dogwood State Bank will join big names in downtown Raleigh’s skyline, a move that’s likely to enhance the Raleigh bank’s growth streak.

Mar 15, 2022


2-tower development in downtown Raleigh will be HQ for local bank. Here’s when construction starts.

Construction is scheduled to begin in the coming months on a multi-tower development in downtown Raleigh that will be the new headquarters for a local bank.

Mar 14, 2022


Realty group plans to build two 20-story towers in downtown Raleigh

Dominion Realty Partners announced Friday they have closed on land to build a mixed-use tower in downtown Raleigh.

Mar 12, 2022


Dominion Realty Partners Breaks Ground on Dogwood State Bank Mixed-Use Tower in Downtown Raleigh

Today, Dominion Realty Partners (DRP) is proud to announce they have officially closed on the land located at 700 South Salisbury Street and will soon commence construction on their fourth Downtown Raleigh project, Salisbury Square.

Mar 11, 2022


Raleigh developer begins work on new apartments at site of former movie theater

The site of a former AMC theater is being turned into more than 250 apartments near Millbrook High School.

Mar 8, 2022


Two apartment complexes in Henrico, Chesterfield sell for combined $130M

End-of-year apartment deals continue to come in, with one local firm selling a newly built complex in the Boulders Office Park, and another picking up a 1980s-era property in Henrico.

JAN 10, 2022


Apartment complex in Boulders office park in Chesterfield sells for $71.575 million

A 248-unit apartment complex in the Boulders office park in Chesterfield County sold for $71.575 million at the end of last month.

JAN 5, 2022


Venture Sells Boulders Lakeside Apartments in $71.5 Million Deal

Dominion Realty Partners is cashing in on the firm’s latest development within the 1.1 million-square-foot Boulders Office Park in Richmond, Virginia.

DEC 30, 2021


Raleigh developer starts work on 240 apartments in ‘booming area’ of city

The 240 apartments will be along a key corridor in northeast Raleigh just outside the 540 loop.

DEC 23, 2021


Apartment Project Breaks Ground Next to Dominion Energy’s Headquarters in Glen Allen

Just months after getting underway on a big apartment project in the Boulders, developer Dominion Realty Partners has broken ground on hundreds of additional apartments across the James River in Innsbrook.

NOV 23, 2021


401 S Graham

Check out our latest video highlighting our newest state-of-the art mixed-use development in Uptown Charlotte.

OCT 14, 2021


DRP to Develop Greenville’s Newest Apartment Community

Dominion Realty Partners (DRP) is proud to announce it is breaking ground on its first multi-family development project in the greater Greenville area, Adams Hill Apartments, in a joint venture with PGIM Real Estate.

AUG 16, 2021


Dominion Realty, New York Life Open 29-Story FNB Tower in Uptown Charlotte

Dominion Realty Partners and New York Life Real Estate Investors has opened the FNB Tower, a 29-story office, retail and residential development at 401 S. Graham St. in Uptown Charlotte.

JUL 22, 2021


The newest addition to the Charlotte skyline just opened near Bank of America Stadium

A 29-story, all-glass tower, situated between Truist Field and Bank of America Stadium in uptown Charlotte, opened on Wednesday.

JUL 21, 2021


Residential boom is about to hit the Innsbrook office park in Henrico as developers plan for thousands of new apartments

Innsbrook Corporate Center has been known for decades as a large office park in western Henrico County, but now it is being transformed into a place where you also can live.

JUL 18, 2021


DRP to Develop Chesterfield County’s Newest Apartment Community

Dominion Realty Partners (DRP) is proud to announce it is breaking ground on its latest multi-family development project in the greater Richmond area, Boulders Lakeview.

JUN 30, 2021


Hundreds of new apartments to replace closed AMC movie theater in Raleigh

The permanent closing of an AMC movie theater in northeast Raleigh due to the coronavirus pandemic has made way for a new apartment development.

JUN 18, 2021


FNB Tower 501 Fayetteville Street

heart of Raleigh, the 22-story FNB Tower receives three Golden Globes and was named Project of the Year, Honorable Mention by the Green Building Initiative.

JUN 3, 2021


Sold: Mystery buyer snags upscale Morrisville apartments for $75M

A relatively new high-end apartment community in Morrisville has been sold in a more than $75 million deal.

MAY 3, 2021


Dominion Realty Partners (DRP) opens new apartment community in Holly Springs

Dominion Realty Partners (DRP), a Raleigh-based commercial real estate and development firm, is proud to announce the official opening of its newest community, Holly Spring Place Apartments on Wednesday, April 14, 2021.

APR 15, 2021


Aging office parks embrace multifamily

A weekday lunch hour is relatively quiet on the grounds of the Boulders office park, south of Richmond, except for a few people chatting during a walk around a lake and the honking of two geese skimming the water.

MAR 30, 2021


TBJ’s 2021 Space Awards winners: Development

Wade V, located at 5438 Wade Park Blvd., is the fifth and final piece of the Wade Office Park Development.

MAR 26, 2021


TBJ reveals 2021 Space Awards for top commercial real estate projects and deals

Triangle Business Journal on Wednesday unveiled its list of winners for the Triangle market’s top commercial real estate deals and developments for the 2021 Space Awards.

FEB 3, 2021


Developers see residential opportunities in Chesterfield’s aging office parks

In the late 1970s and ’80s, office park developers began luring companies to the suburbs from downtown Richmond with the promise of abundant space, cheaper rents, free parking and proximity to the single-family subdivisions where many of their employees lived.

JAN 27, 2021


Engineering giant grabs 33K SF in Raleigh for new regional office

An international engineering firm has found a new home in the Triangle for its regional headquarters.

JAN 7, 2021


360-unit development eyed in Innsbrook

Already underway on a big apartment project in the Boulders, a developer with a taste for suburban office parks is planning hundreds more units across the river in Innsbrook.

DEC 11, 2020


Private equity behemoth The Blackstone Group acquires Whitehall apartments for $63M

One of the largest alternative investment management firms in the world has acquired a property in southwest Charlotte.

OCT 12, 2020


Blackstone Pays $63M for Upscale Charlotte Community

A partnership between Dominion Realty Partners and Edge Principal Advisors has sold The Palmer Apartments, a 318-unit community in Charlotte, N.C., to the Blackstone Group for $63 million.

OCT 12, 2020


Boulders Lakeside Apartments developer files for 214 more units

The evolution of Boulders Office Park as a place to live as well as work continues with another round of new apartment buildings in the works.

aug 11, 2020


Final piece of massive Raleigh office park opens with 200K+ SF

After years of construction and development, the buildout of a massive office park in Raleigh is now complete.

jun 29, 2020


$300M development for downtown Raleigh has hotel, apartments, affordable housing

A major development proposed for downtown Raleigh includes two 20-story towers and hundreds of hotel rooms and apartments.

mar 11, 2020


Raleigh developer readies work for $45M luxury apartments

Work is set to begin on a new luxury apartment community in Holly Springs where plans call for hundreds of new units near a busy shopping center.

feb 20, 2020


Now more than 450 LEED commercial building projects in the Triangle – List Insights

Each year, Triangle Business Journal highlights the 10 largest platinum-, gold- and silver-certified Leadership in Energy and Environmental Design (LEED) commercial projects in the Triangle area, including both tenant improvement and core & shell projects.

feb 4, 2020


TBJ announces winners of 2020 Space Awards for top commercial real estate projects and deals

Triangle Business Journal on Thursday unveiled its list of winners for the Triangle market’s top commercial real estate deals and developments for the 2020 Space Awards.

JAN 23, 2020


15-story apartment tower planned across from SouthPark mall

Raleigh-based developer Dominion Realty Partners says it has a prime piece of real estate on Fairview Road under contract and has submitted plans to the city to build an apartment tower that would be the tallest residential building in SouthPark.

JAN 8, 2020


Dozens of office, condo towers predicted in downtown Raleigh’s future

The Raleigh skyline could change drastically in the coming years, with dozens of high-rise buildings mixing offices and luxury living spaces either under construction or in the planning phase.

DEC 5, 2019


First National Bank Tower officially joins Fayetteville Street and Raleigh’s skyline

Workers were still rushing around in hard hats hours before the grand opening Wednesday night of the 22-story First National Bank Tower on Fayetteville Street in downtown Raleigh.

DEC 4, 2019


First National Bank opens new 22-story mixed use tower in downtown Raleigh

A 22-story building in downtown Raleigh will open its doors Wednesday night.

DEC 4, 2019


Dominion Realty Partners Announces Grand Opening of First National Bank Tower at 501 Fayetteville Street

Today, Dominion Realty Partners (DRP) officially opens FNB Tower at 501 Fayetteville Street in downtown Raleigh’s City Plaza.

DEC 4, 2019


Dominion Realty Partners acquires 180,234 SF office portfolio in Columbia

Dominion Realty Partners (DRP) announces the purchase of three buildings in the Synergy Business Park.

NOV 4, 2019


2019 CEO of the Year Awards: Andy Andrews

Before Dominion Realty Partners CEO Andy Andrews ever crunched numbers on a new office building or nosed through the details of complex construction drawings, he swung a tennis racket – and he was pretty good at it.

APR 26, 2019


Dominion Realty Partners breaks ground on Boulders Lakeside apartment community an opportunity zone project in Richmond, VA

Dominion Realty Partners, LLC, (DRP), a locally owned and operated real estate development firm in VA, NC, and SC, and Amzak Capital Management are pleased to announce the groundbreaking of Boulders Lakeside.

APR 12, 2019


Andy Andrews lived two dreams in one lifetime while packing two weapons

In the studio, this week was a man who has achieved two-lifetime goals (so far.)

FEB 26, 2019


Triad office buildings sell for $25 million

A group of six office buildings in a prime Triad submarket have been sold for $25 million.

FEB 15, 2019


Raleigh real-estate developer makes sizable Triad entrance

A Raleigh commercial real-estate developer has spent $24.8 million to purchase six prominent office properties within High Point’s Piedmont Centre complex.

FEB 15, 2019


JV Acquires 387 KSF Office Portfolio in NC

In a partnership with Blue Vista Capital Management, Dominion Realty Partners has purchased the 386,844-square-foot Mendenhall Business Park in High Point, N.C

FEB 15, 2019


The Charlotte skyline is in line for another makeover as work starts on new bank tower

Developers celebrated the groundbreaking Wednesday of the latest addition to the Charlotte skyline, a 29-story, $129 million banking and apartment tower beside BB&T Ballpark, adding to a boom in office buildings under construction on the south side of uptown.

jan 16, 2019


29-story high-rise under construction in Charlotte’s skyline

The 29-story tower, with mixed use of office space and apartments, is being constructed off Graham Street, near Bank of America Stadium and BB&T Ballpark.

jan 16, 2019


Dominion Realty Partners Sells New Multifamily Complex in Charlottesville for $44M

Dominion Realty Partners (DRP) has sold 5th Street Place, a 200-unit apartment community in Charlottesville, to Raia Capital Management for $44 million.

jan 3, 2019


Here’s a sneak peak at the newest Charlotte tower that is being built

The new F.N.B. (First National Bank) tower at 401 S. Graham St. in Third Ward will be 29 stories and have retail, commercial and office space, according to a news release from the developer.

dec 26, 2018


Construction begins on $129M, 29-story tower in uptown

Raleigh-based Dominion Realty Partners broke ground on a $129 million, 29-story tower in uptown Charlotte this week.

dec 26, 2018


Construction begins on 29-story uptown bank tower. It will have more than offices

Dominion Realty Partners on Wednesday broke ground on the latest uptown Charlotte tower, which will include a mix of office, residential and retail.

dec 26, 2018


7th Annual Carolinas Green Gala

Last night, the U.S. Green Building Council (USGBC) held its seventh annual Green Gala, where more than one hundred green building advocates from across North and South Carolina converged to celebrate the rapidly growing green building movement in the region.

nov 29, 2018


Dominion Realty Partners Set to Break Ground on 209,000 SF Office Building in West Raleigh

Dominion Realty Partners is breaking ground on the newest office building at The Offices at Wade in West Raleigh.

oct 22, 2018


DRP Delivers 5th Street Place in Charlottesville, VA

DRP delivered 200 luxury apartment units at 5th Street Place this August in its latest garden multi-family community located in Charlottesville, VA.

SEPT 25, 2018


Raleigh-based developer purchases Synergy Business Park

Raleigh, N.C.-based real estate developer Dominion Realty Partners has purchased the four-building, 315,919-square-foot Synergy Business Park, located at the interchange of I-26 and I-20 in the St. Andrews submarket, for $24.2 million.

AUG 28, 2018


Dominion Realty Partners acquires 316,000 sf office park in Columbia, SC

Dominion Realty Partners (DRP) has closed on the purchase of Synergy Business Park, a four-building, 315,919 SF Office Park located in the highly regarded St. Andrews sub-market of Columbia, SC.

AUG 27, 2018


Dominion Realty Partners sells 297 unit class apartment building in uptown Charlotte

Dominion Realty Partners (DRP) has closed on the purchase of The Ogletree Building, a 61,047 SF Class A office building located at 300 North Main Street in downtown Greenville.

AUG 24, 2018


Work underway on $60M Morrisville project

Construction is now underway on a 318-unit apartment complex in Morrisville that represents a $59 million investment by developer Dominion Realty Partners.

AUG 3, 2018


DRP Breaks Ground on FNB Tower at 501 Fayetteville St.

DRP broke ground on May 3, 2018 on FNB Tower at 501 Fayetteville Street, Downtown Raleigh’s newest high-rise mixed-use development.

AUG 1, 2018


A multimillion-dollar deal shows why Charlotte’s apartment boom is still going strong

Charlotte’s apartment-building boom doesn’t show any signs of slowing down, and a deal announced Friday shows one reason why: Investors are still looking to buy.

JUL 13, 2018


Dominion Realty Partners closes on The Ogletree Building downtown Greenville

Dominion Realty Partners (DRP) has closed on the purchase of The Ogletree Building, a 61,047-square-foot Class A office building located at 300 N. Main St. in downtown Greenville, marking the real estate organization’s first foray into the local market.

JUN 29, 2018


FNB Tower Raleigh

The 22-story FNB Tower will join a cluster of other high-rises on Fayetteville Street and will become the regional headquarters for First National Bank, the Pittsburgh-based bank that bought the Raleigh bank Yadkin Financial last year.

MAY 2, 2018


FNB Tower Raleigh

With permits and city approvals finalized and an equity partner in hand, Dominion Realty Partners is ready to break ground on downtown Raleigh’s newest tower.

APR 17, 2018


FNB Tower Charlotte

F.N.B. Corp., the parent company of First National Bank (FNB), announced that its regional headquarters will anchor a new 31-story, mixed-use tower in Charlotte, North Carolina, according to a statement from the company.

MAR 20, 2018


FNB Tower Charlotte

Dominion Realty Partners is building a 31-story building on a 0.7-acre site at the corner of Graham Street and Martin Luther King Jr. Boulevard that will contain seven levels of garage parking, more than 160,000 square feet of office space, an amenity floor and 215 apartments.

MAR 14, 2018


FNB Tower Charlotte

Charlotte’s newest banking tower will extend the city’s skyline with a sheer, 31-story sweep of reflective glass nestled in between Bank of America Stadium and BB&T Ballpark.

MAR 14, 2018


Crabtree Lakeside Apartments

Dominion Realty Partners is building a new 221-unit apartment complex overlooking a small lake and Crabtree Valley Mall.

jan 25, 2018


Dominion outlines timeline for 22‐story downtown Raleigh tower

In 2018, the downtown Raleigh skyline changes forever, as a 22‐story office tower breaks ground: Charter Square North.

oct 20, 2017


Whitehall Village

A new apartment project is officially underway in the Steele Creek area, bringing hundreds of upscale new units to a fast-growing part of town.

oct 4, 2017


Whitehall Village

Dominion Realty Partners has begun work on Whitehall Village Apartments, a 318-unit multifamily project in southwest Charlotte.

oct 4, 2017


Whitehall Village

Whitehall Village will consist of 318 luxury Class A apartment units and a best‐in‐class amenity package, spanning over 1.5 acres and inclusive of a community park.

oct 2, 2017


FNB Tower Raleigh

The corporate parent of First National Bank, the Pittsburgh‐based company that recently acquired Raleigh’s Yadkin Bank, has made a major statement about its commitment to the region with its announcement that it will anchor a new 22‐story tower that will be built in downtown Raleigh.

MAY 23, 2017


Dominion Realty Partners Increases Its RVA Portfolio By Three

Dominion Realty Partners is proud to announce their latest acquisition: a three building portfolio totaling 288,416 SF.

SEP 29, 2016


Charter Square

The development and equity partners behind the 11-story Charter Square office tower in downtown Raleigh that opened just about one year ago have this week hit two major milestones.

JUN 15, 2016


Charter Square

The 11 story, Class A Charter Square building in downtown Raleigh has achieved LEED Platinum status, three days shy of its one year anniversary.

JUN 14, 2016


One Guardian

Dominion acquired the 87,025-square-foot office space, known as One Guardian, for $3.5 million in September 2015.

MAY 13, 2016


5th Street Place

Dominion Realty Partners is proud to announce it has closed on its latest multi‐family development project, Fifth Street Place Apartments.

APR 5, 2016


Wade III

Dominion Realty Partners is proud to have achieved our second Gold LEED certified office building in Raleigh, NC.

FEB 2016


Charter Square

The lobby of the new 11‐story Charter Square office tower in downtown Raleigh is starting to get busy.

JAN 4, 2016


Arboretum IX

Dominion Realty Partners is proud to announce their most recent acquisition of 9201 Arboretum Parkway in Richmond, Virginia.

DEC 1, 2015


Parkside Place Apartments

Just weeks after the last apartment units were completed at the new Parkside Place Apartments in west Cary, the 294‐unit community has been sold to a new investor group for $52.5 million.

nov 30, 2015


One Guardian

Dominion acquired the 87,025-square-foot office space for $3.5 million in September. The company plans to invest close to $2 million in upgrades and improvements.

nov 9, 2015


One Guardian

Dominion Realty Partners is proud to announce their most recent acquisition of 2829 Guardian Lane in Virginia Beach, Virginia.

SEP 29, 2015


1010 West Trade

Dominion Realty Partners has closed on the purchase of a 5.0 +/- acre site on West Trade St. in Uptown Charlotte, and will begin construction on 1010 West Trade, a 294 unit apartment community, in the coming days.

SEP 23, 2015


Wade III

Qlik Technologies, a developer of business intelligence software programs, is making moves to more than double the size of its operations in Raleigh with the opening of a new customer training center at the Wade office park.

AUG 10, 2015


Northridge Capital

Raleigh joint venture partners Dominion Realty Partners and Medical Mutual Insurance Co. have acquired an office building in Durham’s Meridian corporate park for $8.75 million.

JUL 2, 2015


501 Fayetteville

The development team for Charter Square in downtown Raleigh has formally submitted plans with the city for the proposed 22‐story Charter Square North tower on the south end of Fayetteville Street.

JUN 29, 2015


Charter Square

It was both a solemn and celebratory event Wednesday night for the opening of the 11‐story Charter Square office building, a $63 million building project that is expected to be the first privately‐owned building in downtown Raleigh to achieve the highest LEED Platinum certification for energy efficiency.

JUN 18, 2015


Wade V

The new owner and developer of Wade office park in suburban west Raleigh is proposing a more ambitious plan for his fifth and final office building at the park across from PNC Arena.

MAY 14, 2015


1010 West Trade

Dominion Realty Partners, a Raleigh‐based commercial real estate firm, is planning to develop an approximately 300‐unit mid-rise apartment project on a vacant block in uptown Charlotte near Gateway Village.

MAR 9, 2015