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Bull Market Home / Bull Market  




Published: Oct 14, 2006 12:30 AM
Modified: Oct 14, 2006 04:01 AM

From nightspot to ad spot?
 
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The old brick building at Duke and Morgan streets, which has been home to a succession of ill-fated nightspots throughout the past 20 years, has a new kind of tenant.

Maverick Partners, the real-estate firm that has been rehabilitating the one-time Studebaker showroom, has leased an upstairs space to the advertising agency OgilvyOne.

Maverick says it has space remaining to let on the ground floor, and might be willing to allocate some of it for office suites as small as 150 square feet. Amenities include conference room, color copier and landscaped courtyard.

Learning curves

On the far side of downtown, the Mangum 506 condominiums are 100 percent reserved with a waiting list of about 12, architect Scott Harmon said the other day. Harmon and partner Andrew Philipps are planning to build the 22-unit, ground-up project at the northeast corner of Mangum Street and Seminary Avenue.

"We're behind schedule, we're pressing forward," Harmon said. "We are in the middle of a brutal learning curve as to the city site-plan approval process," he said, but expects to start building soon after Jan. 1.

They're gone

Over in the South Square district, Westgate Shopping Center is missing two of its restaurants.

The Original Steakhouse and Sports Theater has a note on a locked door stating it is closed and thanking its former patrons for a year's worth of business, and referring inquiries to a South Florida telephone number. A few yards away, Applebee's has left without a trace.

Leasing agent Drew Huggins said he's looking for restaurant tenants for both spaces.

"The steakhouse, they've just finished moving out," he said. "We've got a couple of folks taking a run at it."

As for Applebee's, Huggins said the chain plans to build a new, free-standing restaurant across Westgate Drive in the Target-Sam's Club shopping center.

Have business news about Durham? E-mail Jim Wise at jim.wise@newsobserver.com.
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