WINSTON-SALEM, N.C.– Leaders of Wake Forest Innovation Quarter in downtown Winston-Salem say the research park is poised to make dramatic growth in just the next year including a new shopping center, restaurants, greenway, office space and park.
The 2-lane Research Parkway, which runs from Business I-40, is almost complete. Along that road are plans for retail, mixed use and more research space.
The 90-Series buildings, former tobacco warehouses on Vine Street, are currently under construction to become the future home of Inmar. More than 900 employees will move into those buildings by the end of the year.
Eric Tomlinson, Chief Innovation Officer, says growth inside the Quarter is moving at its fastest pace in 10 years.
“We will have about 4,000 people working sometime about next year. Currently we have about 850, so its enormous growth about to take place. It’s a small town in the making,” said Tomlinson.
Innovation Quarter officials are now marketing the former Bailey Power Plant to developers. The plant has been cleaned of all environmental hazards and is ready for redevelopment. Park officials plan to turn it into a large-scale shopping and entertainment center.
This week, state legislators will also talk about giving roughly $4 million for the creation of a Vaccine Creation and Research Center inside Wake Forest Innovation Quarter.
A park near the Bailey Power Plant is also nearing completion.
Tomlinson says the growth officials have planned for years can finally be seen
“There is an energy building here that is pretty exciting to be a part of,” he said.