Developer wants to tear down Cary office building. See what they want to build instead [Yahoo! Finance]
Highwoods Properties, Inc. (HIW)
Last highwoods properties, inc. earnings: 4/29 04:02 pm
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Source: Yahoo! Finance
The 79,434-square-foot office building, known as Highwoods Center, has been underutilized due to the changing market and lack of walkable amenities. With Cary's growing population and demand for housing, the developer believes it's better to convert the property to residential use, which would add life and people to the area. The rezoning request is expected to be complete in the second quarter of 2025, after which Highwoods will either sell or partner with a multi-family company to develop the property. Amid record-high office vacancies, a developer wants to tear down an underutilized, decades-old commercial building in Cary for much-needed housing. But first, it needs the city's approval. Raleigh-based Highwoods Properties has proposed rezoning the three-story, 79,434-square-foot office building, also known as Highwoods Center, at 7001 Weston Pkwy., adjacent to Lake Crabtree. The firm seeks to amend the land's use for a multifamily or townhome development up to four stories.
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HIW
News
- 5 Reasons Why You Should Add Highwoods to Your Portfolio Right Now [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties Stock Up 37.9% YTD: Will the Trend Last? [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties, Inc. (NYSE: HIW) had its price target raised by analysts at Wells Fargo & Company from $32.00 to $35.00. They now have an "equal weight" rating on the stock.MarketBeat
- Highwoods Properties, Inc. (NYSE: HIW) had its price target raised by analysts at Robert W. Baird from $30.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- Highwoods Properties, Inc. (HIW) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
HIW
Earnings
- 10/22/24 - Miss
HIW
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 11/6/24 - Form 144
- HIW's page on the SEC website