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Partnership Breaks Ground on 38K-SF Life Science Redevelopment in Durham

A partnership between Akridge and Alcion Ventures has broken ground on 949 Washington Street, a 37,500-square-foot life science and office redevelopment in Durham, N.C.

The property was formerly home to Durham’s Brame Specialty Company and will be redeveloped into a Class A life science and creative office building. The property was originally constructed in 1955 and includes a roughly 37,500-square-foot building with second-story loft space. The redevelopment of the building will include additional industrial-style windows and doors, new exterior canopies and metal details, newly installed skylights and upgraded roof, mechanical, HVAC and fire/life safety systems.

Construction on the property, which began in March, is slated to take approximately six months. Akridge and Alcion secured a construction loan from Boston Private Bank and selected McDonald York Construction Company as their general contractor. Additionally, Mac Hammer, Stacy Mbithi, and Doug Cook of Cushman & Wakefield have been tapped to lease the property.


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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Development