Economic Impact
- PTRP is listed in the Regional Strategy as the number one regional project priority
- PTRP is a project that will create a new economy for Winston-Salem and Forsyth County. It seeks to replace the 40,000 jobs lost to the constriction of the textile, tobacco and manufacturing industries. PTRP as a part of Wake Forest University Health Sciences has undertaken the redevelopment of a large portion of downtown Winston-Salem, a project no private developer would undertake
- Approximately 145 developable acres supporting an estimated 6.1 million sq/ft of space. To date, 12 acres support 554,011 gsf of laboratory, office and mixed-use space
- At completion of the expansion (25-30 years), it will provide over 5.7 million square feet of laboratory, office, and mixed-use space. Providing the opportunity for a new employment base that is estimated to approximately 27,000 jobs at full build out
- PTRP have created 248 jobs in the Park related to infrastructure development since 2008
- PTRP is currently home to over 50 companies employing over 900 full-time personnel with a collective annual payroll of more than $50 million
Demographics
- Current tenant population represents 5 of 7 continents and 25 countries
- PTRP will exceed $170 million in measurable annual fiscal benefits of the completed park development to the State of North Carolina, in Forsyth County, as well as surrounding counties.
Sustainability Initiatives
- Total lbs of Metal: 1,400,798 lbs
- Total lbs of Paper: 121,450 lbs
- Total lbs of Aluminum/Plastic: 2080 lbs
- Reuse of 350k–400k cobblestones, approximately 37,000 sf, and storage in D-Lot wire bound in 350 baskets
Extensive Remediation and/or Reuse Efforts
- Reusing 1.2 million square feet of former RJR manufacturing facilities
- Remediated a former coal gasification plant and later a dry cleaners
- Remediated 15 acres of land between Business 40 and Stadium Drive
- Relocated and constructed 3 new facilities for the following: RMC Concrete, Piedmont Natural Gas, and R.E. Michael, Inc.
Future Initiatives
- Construction of Research Park Boulevard
- Designed for inclusion of a Pediestrian Bicycle System
- Construction of a Storm Water Retention Facility and Bath Creek Restoration (Partnership with the City of Winston-Salem and will incorporate greenway tie-ins with walking trails)
Railroad
- Two Bridge Beams delivered by flatbed truck, 120 feet long, 11' 4" high, 151,000 lbs each.
- New rail installed measuring 5,393 feet, from Hwy 52 to 3rd Street
Transmission Line
- Installation of transmission duct banks of 1,761 linear feet, from 1st street to south of Stadium Drive
Research Park Boulevard
- Length measures 4,850 linear feet (includes 800 linear feet of 3rd Street improvements)
- From 3rd Street to Stadium Drive
Central District
- Central earthwork, 208,000 cubic yards
- Central roads, 3,400 linear feet to be redeveloped in conjuction with Research Park Boulevard and Storm Water Project.
Bailey Power Plant