Representative Projects

  • Representative Projects

    Wake Forest Innovation Quarter

    Wake Forest Innovation Quarter is an urban research park consisting of 145 developable acres, capable of supporting an estimated six million square feet of space. Wake Forest Innovation Quarter is located in the heart of the dynamic urban area of Winston-Salem, North Carolina and is adjacent to six major academic institutions including Wake Forest University.

    Originally built in 1937 by R.J. Reynolds Tobacco Company for the manufacturing of cigarettes, Wake Forest University Health Services acquired Wake Forest Biotech Place (575 N. Patterson Avenue) in 2005 and Wexford later redeveloped it in accordance with historical preservation guidelines. 

    Wake Forest Innovation Quarter is a hub for innovation in biomedical science, technical research and information technology. Located in the Piedmont Triad, it gives businesses access to some of the brightest minds in North Carolina, a place that has earned national recognition for its high-tech success and low cost of living. By attracting a diverse mix of academic groups and early and established companies, providing robust company incubator facilities and services, and supporting current and future tenants, Innovation Quarter is a place where people are inspired to work, desire to live, have the opportunity to learn and are able to play. It is anticipated that the entire redevelopment will convert a total of 1.1 million square feet of rehabbed R.J. Reynolds historic tobacco warehouses as well as other historic buildings into a vibrant, urban community with Wake Forest as the primary driver.

    Biotech Place is a 242,000 square foot state-of-the-art research and lab facility containing wet labs, classroom space, a conference center, offices and a business accelerator. Its centerpiece is a four story, curved glass atrium that provides an iconic gathering place for researchers, corporate innovators, entrepreneurs, and thought leaders. It also hosts a broad range of educational, networking, and social events for tenants of the Wake Forest Innovation Quarter.

    525@Vine (525 Vine Street) is a 234,000 square foot state-of-the-art research and lab facility, designed specifically for multi-tenant collaboration. In addition to laboratory and office spaces, the building will include a innovation center blending cool spaces with business programs and services to give start-up companies the resources they require for success. A café, fitness center, and rails-to-trails access round out the amenities of the building. 

    in this park wexford has developed
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    Wake Forest Biotech Place 575 N. Patterson Avenue Winston-Salem, NC
    525@Vine
    525 Vine Street
    Winston-Salem, NC
    WF_Innovation_Qtr_master.jpg
    • Location
      • Winston-Salem, NC
    • Full Build-Out Potential
      • 2.5 million square feet over 216 acres
    • Institutional Sponsors
      • Wake Forest University
      • Winston-Salem State
      • Forsyth Tech
      • North Carolina School of the Arts
    • Park Features and Amenities
      • Adjacent to five major academic institutions including Wake Forest University
      • Unique tobacco warehouse historic renovation
      • Mixed use complex with retail, residential, office, lab and a “green space network” featuring a series of urban parks, natural green space and a recreational trail system
      • Access to WetLab Launchpad, a wet lab incubator
      • Home to technology suites, accelerator facility and program
      • Multi-purpose atrium and conference center capable of seating up to 600 people
    • Financial Enhancements of Benefit to Our Project
      • Federal Historic Tax Credits
      • State Historic Tax Credits
      • New Market Tax Credits
      • Tax Increment Financing