Burke Mill Village is a planned 110,000 SF lifestyle retail center development in Winston-Salem, North Carolina. Winston-Salem is part of the robust Piedmont Triad region (Winston-Salem, Greensboro, High Point), which, collectively, consists of 6,000 square miles and nearly 2mm people, making it one of the largest metropolitan areas in the United States. In addition to a vibrant manufacturing sector, Winston- Salem’s economy is being driven by STEM-based (science, technology, engineering and mathematics) industries, as well as healthcare. STEM and healthcare jobs account for nearly 12% of the area’s employment, up from 9% from 2005. Wake Forest’s Innovation Quarter in downtown Winston-Salem, a 242,000 SF center, is leading the charge in advancing the development of the city’s biotech industry. Further, Winston- Salem is home to some of the most notable corporations across several industries, including BB&T (finance), Reynolds American (tobacco), HanesBrands (apparel), Krispy Kreme (food and beverage) and Novant Health (healthcare).
Burke Mill Village is located in Winston-Salem’s primary retail corridor, right of Stratford Rd and Burke Mill and just a mile away from Hanes Mall, the city’s critical retail node. The development is also right off of the main freeway, I-40, which has 68,000 cars per day and connects the Triad to the Research Triangle area (Raleigh, Durham and Chapel Hill). Further, Stratford Rd has 26,000 cars per day and Burke Mill 13,000 cars per day. The property represents one of the few, if not only, greenfield development opportunities in the area. Now open is the project’s anchor Academy Sports and Outdoors who is a national retailer with over 230 stores. Other tenants coming to the center who are currently under construction include Guitar Center, Viva Chicken, Taco Mama and Clean Juice. These tenants are currently under construction and the remainder of the project is expected to be delivered through 2019.