In the heart of historic downtown Wake Forest, the Wilkinson Building is undergoing a remarkable transformation that blends historic preservation with modern energy, local investment, and a vision for sustainable growth. As the oldest commercial building downtown, the Wilkinson Building is being brought back to life through major renovation efforts led by longtime property owner Bob Johnson, in partnership with Hatch Wake Forest and several small businesses, including the returning favorite, Las Margaritas.
“This building carries a lot of meaning for us,” said Johnson. “Restoring it was a major undertaking, but one we felt was important for the character and future of downtown.” That investment reflects the care and commitment behind preserving such a central piece of Wake Forest’s history. The process came with its share of challenges. During renovations, crews discovered that a key support beam had been moved years ago, and the main horizontal beam supporting the upper floor showed extensive termite damage dating back decades. “Replacing that beam was a major undertaking,” said Johnson. “But restoring the building’s structural integrity was essential to preserving it long-term.”
A central part of the building’s revival, and located in the basement level, is the return of Las Margaritas, a beloved downtown restaurant with deep community roots. “We have a 27-plus year relationship with the owners of Las Margaritas, Freddy and Gavi, and they are good people,” said Johnson. “We want downtown to be a collection of good people trying to live their dreams. We enjoy supporting good people.”
For Freddy Roman, reopening Las Margaritas has been both emotional and inspiring. “From the moment we closed the restaurant, I had the vision of how I could reopen it,” said Roman. “After 24 years in business, it really was attached to my personal life, and the passion to serve people.”
Roman said he’s still closely connected with many of his customers and friends, who frequently ask when the restaurant will return. “Everybody seems very excited to have the restaurant open back for business soon,” he said. “It’s been a challenge, but with God’s help, and the help of my landlord Bob Johnson and this wonderful community, I truly believe it's going to be a wonderful reopening. We're updating the menu and the business atmosphere, using better ingredients. We’re striving for a better customer experience. Hoping to see everyone in early fall.”
Upstairs, on the second and third floors of the Wilkinson Building, which have stood vacant for many years due to the structural challenges, have been reimagined as Loft @ Hatch. This coworking operation offers large private offices and flexible business space. Operated by Hatch Wake Forest and complementing Hatch Office across the street, Loft @ Hatch provides amenities such as free parking, Wi-Fi, and access to a vibrant professional community in Downtown’s walkable, historic setting.
Kathy Jackson, Cameron Park Operations Manager for Hatch, shared that significant progress has been made since the project’s last update during the Wake Forest Business & Industry Partnership’s (WFBIP’s) February Economic Development Forum. “We’ve made a great deal of progress, including lighting, a new kitchen area, upgraded restrooms, flooring, carpet—the list goes on,” she said. Jackson expects the Town will issue a Certificate of Occupancy soon.
Although official marketing is just beginning, three deposits have already been placed by counseling and mental health professionals. “The loft brings more professionals and entrepreneurs to the heart of downtown, creating a vibrant, active space,” Jackson noted. “Tenants at Hatch Loft are encouraged to participate in all that Hatch Wake Forest has to offer, including community events.”
The restoration of the Wilkinson Building is a clear example of how targeted investment and public-private partnerships can turn historic structures into community assets. “We are excited that we’ve been able to preserve the historical value of the building,” said Jackson. “Those two floors had been deteriorating and underutilized for years. With 19 office spaces coming to downtown Wake Forest, I'm sure our tenants will enjoy all of the surrounding restaurants and shopping.”
Johnson added that this kind of growth has a ripple effect throughout the downtown area. When more people are working in local offices, more people are shopping, dining, and visiting nearby businesses. That steady activity helps create a welcoming atmosphere and gives people more reasons to spend time in historic downtown Wake Forest.
Jason Cannon, President of the WFBIP, praised the project for preserving this long-term historic asset and its contribution toward creating new jobs in Downtown. “The Wilkinson Building represents the kind of smart investment that honors our past while actively shaping our future,” said Cannon. “This effort supports small businesses, fosters placemaking, and makes downtown Wake Forest a more dynamic place to live, work, and connect.”
