The Creamery

Turnbridge acquired the historic Creamery building in March 2020 as an off-market covered land investment. The Property occupies a full city block and consists of approximately 82,000 square feet of retail and commercial space and a proximate quarter-acre surface parking lot in the thriving Glenwood South neighborhood of Downtown Raleigh. The Property was fully leased to a diverse group of tenants, providing strong in-place cash flow while Turnbridge prepared for a repositioning and redevelopment of the Property. The Property is located within the path of growth from the central business district into Glenwood South, which is home to several prominent new developments that will bring even stronger amenities, along with a greater daytime and residential population, to one of Raleigh’s most vibrant and authentic neighborhoods. Turnbridge successfully rezoned the property to permit up to 40 stories of mixed-use development, obtained Raleigh Historic Development Commission design approval, and is now under construction on Phase I of the redevelopment, Highline Glenwood, a trophy high-rise mixed-use tower that will add to Downtown Raleigh’s growing skyline upon its completion in early-2028. Turnbridge sold the proximate surface parking lot to a hotel developer in 2024, and Phase II of the redevelopment can accommodate an additional 300,000 square feet of mixed-use.