Local News

Peace University signs deal to buy Seaboard Station

Posted June 28, 2013

— The future of a popular and growing downtown Raleigh shopping destination is in question amid a neighbor's growth plans. Peace University on Friday announced that it had signed a contract to purchase Seaboard Station.

The retail and dining complex sits along the university's west border, along Peace Street between Halifax Street and Capital Boulevard.

In recent months, university leaders have targeted the property as a possible way to expand the campus, and Peace President Debra Townsley reiterated Friday her intention to work with the community should the deal get court approval.

“Seaboard Station is one of downtown Raleigh’s most desired and growing attractions, we look forward to working with the community in a positive way to further enhance the value of Seaboard Station in the city and beyond,” Townsley said in a statement.

Shop owners and community groups had sought to stall the deal, wondering what would become of the current tenants if Peace buys the property.

“We don’t feel that a university’s long-term goals for expansion are necessarily the same of a popular retail shopping center like Seaboard Station,” said Philip Bernard, a community advocate.

19 Comments

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  • They call me CATMAN Jul 2, 10:08 a.m.

    There are some great Businesses at SS. I volunteer with an Animal Rescue Group and Phydeaux pets are where we hold adoption events they are a great place with super staff. I would hate to lose that. As wll as the other businnesses in the area

  • ccsmith1902 Jul 1, 5:58 p.m.

    We look forward to working with the community, Townsley says. So far she has not been forthcoming about anything.

  • browneyedemily Jul 1, 5:27 p.m.

    "I don't see any major changes in Seaboard under Peace. Its a cash cow. As long as it is, I suspect they will use the profits to expand in other directions."

    -----

    But where will they expand to? They're landlocked. I hate the thought of losing these great and unique businesses.

  • UpChuck Jul 1, 3:30 p.m.

    Perhaps the folks at SS should've pooled their money and bought the building. It's not the end of downtown, folks.

  • joeBob Jul 1, 2:09 p.m.

    In talking to some of the employees at Tylers Tap room, they fully expect to be shut down within a year. That is a shame. Best beer bar in Raleigh.

  • oakcity Jul 1, 1:32 p.m.

    I'd rather property go to a learning venue than some upscale place where people go to spend "their" money and "be seen".

    ----

    i know i go to ace hardware to been seen, not because its insanely convenient or the staff is great or because ITS A HARDWARE STORE!!!

    no i go there to be seen.

  • jg01 Jul 1, 1:01 p.m.

    'I'd rather property go to a learning venue than some upscale place where people go to spend "their" money and "be seen". If everybody can't afford it, it's not "community".'

    I go there because it's in MY community where I spend MY money that I EARN.

  • dwntwnboy2 Jul 1, 12:35 p.m.

    "If everybody can't afford it, it's not "community"."- then Peace College should never be called part of a "community" then if that's the standard.

  • boylan99 Jul 1, 11:16 a.m.

    "...sad thing is once Peace decides they are going to raze the property and put up additional campus buildings, all the folks who work in those businesses will be out of jobs." justjean

    That is a very broad assumption. Most of the business would relocate so no job losses with those.

  • Mr. Middle of the Road Jul 1, 11:01 a.m.

    I don't see any major changes in Seaboard under Peace. Its a cash cow. As long as it is, I suspect they will use the profits to expand in other directions.

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