Sports, Entertainment District Slated for Winston-Salem – Connect CRE

Numerous professional sports teams have developed sports and entertainment districts adjacent to where the teams play. Now, a major college hopes to imitate the success of those developments.

Carter and Front Street Capital, in partnership with the City of Winston-Salem and Wake Forest University, are developing The Grounds, a 100-acre mixed-use development in the area surrounding North Carolina’s major event venues. The $150 million project will blend retail, dining, residential, and office space in one hub.

The Grounds will include:

• a 40,000-square-foot retail village that will include food and beverage offerings
• A 240-unit Residential Community
• A 100K SF Office Building intended to be leased by Wake Forest University. 
• Infrastructure improvements utilizing a $35 million grant allocated by the State of North Carolina that include road improvements, restoration of Silas Creek, and the construction of a paved, landscaped walking trail that will provide pedestrian connectivity throughout The Grounds