New South Ventures to Complete $11M Redevelopment of Office Building in Downtown Durham

DURHAM, N.C. — Durham-based New South Ventures has unveiled plans to redevelop the NC Mutual Building, a 183,000-square-foot office building located at 411 W. Chapel Hill St. in downtown Durham. The 14-story tower — originally constructed in 1965 — will be renamed The Tower at Mutual Plaza. Planned renovations for the building include 16,000 square feet of newly constructed space on the first floor and a new mezzanine; a remodeled and expanded lobby with a glass curtain wall and revolving doors; stone flooring and wrapped columns; LED lighting; grab-and-go coffee and concessions; exterior façade restoration; skylights in the concourse and lower level; and the addition of new conference rooms, a fitness center, tenant storage rentals and indoor bike parking. In addition, New South Ventures plans to add 15,000 square feet of shared office and coworking space and an enhanced plaza that allows for outdoor work and gatherings. Originally constructed for current tenant North Carolina Mutual Life Insurance Co., The Tower at Mutual Plaza is home to companies such as Duke University, GoTriangle and Perkins+Will. The project team includes Avison Young (brokerage); Built Form (architecture); Gilbane Building Co. (construction management); Progressive Design Collaborative (mechanical, electrical and plumbing engineering); McNamara-Salvia (structural engineering); and Stewart (civil engineering, landscape architecture, geotechnical, testing and inspections). A construction timeline was not disclosed.