Pendo’s Grand Opening Another Signal of Downtown Raleigh’s Recovery & Vibrancy

As local tech startup Pendo nears 1,000 employees worldwide, we are excited they will continue to call downtown Raleigh “home.” Pendo’s headquarters now occupies the top five floors of the newly-constructed Raleigh Crossing, a transformative 1.86-acre mixed-use development featuring 301 Hillsborough, a 19-story, Class A+ mixed-use tower in the heart of downtown.

The Pendo office boasts exciting amenities including collaborative working environments, a pizza kitchen and a coffee shop-- not to mention impressive skyline views of the city.

In the coming year, Pendo has plans to hire around 400 more employees worldwide, with the vast majority of those roles being in-person positions. “I think you have to create a space that people want to come into work,” said CEO Todd Olsen to GrepBeat. “So I think part of the design of this space is to attract people.”

As reported by the News & Observer, “the office is still important to Pendo, despite the growth in distributed work because of the pandemic. That’s a sentiment shared by many of the Triangle’s fastest-growing tech companies. Several technology companies in the region have invested heavily in their offices, even as the pandemic has caused many workers to demand flexible working locations.”

Development Occurring throughout Downtown Raleigh.

Pendo’s home of Raleigh Crossing is just one of the exciting new developments taking shape downtown. Since 2015, $1.7 billion of development has been completed, with another $3.2 billion either planned or currently under construction.

Construction began in August 2021 on 400H, a vertical mixed-use project in the Glenwood South district of downtown. The building will feature 11 floors of apartments, 5 office levels, 1 integrated amenity level, 1 retail level and additional parking. Also planned for Glenwood South is the redevelopment of the Creamery site, calling for a pair of mixed-use towers, one at 32 stories tall. The largest single real estate transaction in downtown Raleigh’s history took place recently with the $330M sale of Bloc 83, a multi-tower, mixed-use development in Glenwood South.

The iconic circular Holiday Inn was recently sold, making way for a 20-story tower to feature a hotel, apartments, restaurant, retail and parking.

Clancy & Theys’ recent headquarters move to Smoky Hollow freed the company’s former six-acre headquarters site on West Carrabus St. for development. Kane Realty is currently developing Platform, the first of three developments on the site. Platform will provide 460 new residential units for Downtown.

“Pendo’s new headquarters location at Raleigh Crossing along with the additional new upcoming mixed-use developments and redevelopments shows the strength of the Downtown Raleigh market for new and expanding companies,” said Kyle Touchstone, director of Raleigh Economic Development. “The addition of new residential offerings means more people and the need for more jobs, amenities and activities. A vibrant downtown is critical in elevating Raleigh as a premier location for business and talent.”

With all of these developments-- and many others--it is clear that momentum is strong throughout downtown Raleigh. Downtown Raleigh has experienced tremendous growth over the past decade and is poised for even more growth as we emerge from the pandemic. Downtown Raleigh’s many amenities are attracting new residents, office tenants and business owners every day.


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