A downtown Raleigh watering hole is preparing for a significant expansion, including a new location at the Chesterfield building in downtown Durham.

Dram & Draught has signed a lease for just under 3,400 square feet on the ground floor of the building, joining Microsoft, which recently announced a partnership with Duke University and a 5,000-square-foot research center within the Chesterfield.

Dram & Draught owner Drew Schenck says he wants to bring the same model to Durham that he has followed in Raleigh. “We’re a neighborhood bar that does whiskey and cocktails correctly,” Schenck says.

That formula seems to be working. The Raleigh location, at 623 Hillsborough St., opened in 2016. With the Durham brewery, Schenck and co-founder Kevin Barrett plan to have by the end of the year three operational locations. Dram & Draught will open in Greensboro by the end of the summer – and Schenck is already on the hunt for space in Winston-Salem.

The owners have pumped about $500,000 into the Durham space, Schenck says, which is being designed by Studio Tyak and Alliance Architecture.

Perhaps the biggest unknown at this point is what will happen to the bar’s Raleigh location. It currently sits on a lot that is slated for development. Maryland developer Heritage Properties is planning to build a 10-story tower on the site, next to its existing One Glenwood building currently under construction.

At this point, Schenck says he plans to keep the bar on the block by finding space in either building, although an agreement hasn’t been reached just yet.

Source: Triangle Business Journal by Ben Graham  |  July 11, 2018