Durham-based New South Ventures plans to redevelop the NC Mutual Building, an 183,000-sq.-ft. office building in downtown Durham, ReBusiness Online reports.
The 14-story tower — originally constructed in 1965 — is located at 411 W. Chapel Hill St. Following the redevelopment, the building will be renamed The Tower at Mutual Plaza.
Planned renovations for the building include 16,000 sq. ft. of newly-constructed space on the first floor and a new mezzanine; a remodeled and expanded lobby with a glass curtain wall and revolving doors; stone flooring and wrapped columns; LED lighting; grab-and-go coffee and concessions; exterior façade restoration; skylights in the concourse and lower level; and the addition of new conference rooms, a fitness center, tenant storage rentals and indoor bike parking. In addition, the developer plans to add 15,000 sq. ft. of shared office and co-working space.
No construction timeline has been disclosed yet.