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Preservation Preservation News

HOT NOW: Raleigh’s iconic Krispy Kreme has it’s Fate decided (Update)

April 13, 2018

As news broke earlier this week about the Krispy Kreme in Raleigh being sold for $4.7 million, the fate of the iconic building was in question. We promised an update. Here it is!

Have no fear! Krispy Kreme will remain in its current location for the next 20 years, as the lease will continue through 2038! No need to rush to 551 N. Person Street for that warm and gooey sweet sugary confection made from heaven. You have at least another 20 years of  the “HOT NOW” glowing neon sign to entice you for a dozen fresh doughnuts at 10pm after dinner at one of downtown Raleigh’s numerous restaurants.

What does this mean?

As stated in our previous article, the building was likely constructed between 1969 and 1970. Remember, buildings that are 50 years old are technically considered historic and can qualify to be listed on the National Register of Historic Places or be designated as a local historic landmark. Technically, in the next few years, this building will be more than 50 years old. Does it have what it takes to be designated “historic” in some capacity? We think it just might….let us hear your thoughts!