It's been a few months since Craig Davis Properties closed on the deal to buy the Durham Centre office tower at Morgan and Foster. The tower has suffered from a relatively high vacancy rate, with close to one-third of its square footage being available for lease. (The tower was originally developed by Frank Wittenberg, who had plans to build a luxury condo on the adjacent parcel -- the parking deck was built to support two twin towers.)
CDP's web site continues to list almost 80,000 sq. ft. of available space for lease, but the rumor in downtown development circles is that the remaining office space in the tower is close to being snatched up by a tenant. Which would obviously be a good thing for Craig Davis -- but also a good thing for restaurants and other businesses downtown, since one could ballpark a few hundred office-workers fitting in to that much square footage.
More on this as things develop.