SunTrust ready for developer bids
Monday evening the Development Finance Initiative, part of the UNC School of Government, turned over its final recommendations and findings about the SunTrust development project to the Town of Wake Forest. If the five commissioners approve of DFI’s findings and recommendations at their Jan. 18 meeting, it is likely that the solicitation for proposals will be released in February. What DFI envisions is a building that will be three stories along South White Street but could be as high as six stories along Brooks Street. It should have an interesting design and wide sidewalks (outdoor dining?) which will lead shoppers from White Street to the shops on the first floor and then to the shops, entertainment and food in Renaissance Plaza diagonally across Elm Avenue. That building – retail on the first floor, apartments on the floors above – will be linked to or close to a three- to four-floor