Ventures

Companies built from the ground up.

Companies built with the structure that lets them run. Today: real estate investment with CityPlat. Before that: nearly two dozen hospitality concepts with Eschelon Experiences.

Now · CityPlat

An operator’s approach to real estate investing.

CityPlat is a real estate investment firm headquartered in Raleigh, North Carolina. The work spans acquisitions, development, asset management and investor relationships.

We pursue retail, industrial, office, mixed-use and land opportunities where active ownership creates value. Once we acquire an asset, we hold it, improve it and operate it with the same rigor we bring to our own businesses.

Our partners have built companies, met payroll and led through downturns. That experience informs every investment decision we make.

G Patel walking downtown Raleigh with a partner
$400M+Assets under management
2M+Square feet managed across multiple states
5Asset classes: retail, industrial, office, mixed-use and land
$14M4500 Western, the former Kmart site at Western Blvd and I-440

How we work

Four disciplines. One long-term portfolio.

01

Acquisitions

Value-add and core-plus opportunities, sourced through deep relationships and disciplined underwriting.

02

Development

Ground-up projects, redevelopment and repositioning that turn overlooked sites into productive assets.

03

Asset management

Hands-on oversight of every property to strengthen tenancy, control costs and grow net operating income.

04

Investor relationships

Aligned interests and transparent reporting. We invest alongside our partners and communicate like owners.

G Patel in conversation with a partner

Featured investment

4500 Western: returning a forgotten corner of Raleigh to productive use.

For nearly a decade, the 12-acre former Kmart site at Western Boulevard and I-440 sat vacant. In 2025, CityPlat acquired it for $14 million.

Today it is becoming a community-centered destination anchored by fitness, entertainment and dining. CityPlat’s own headquarters sits on site.

Track record

Where the building started.

Before real estate came nearly two decades of opening and operating restaurants and bars. That work revealed how tenants succeed, what drives traffic and why structure beats effort.

2006 to 2019

Eschelon Experiences

Founder. A Triangle hospitality group that opened nearly two dozen concepts, each with its own brand: sushi, Asian fusion, American grills, gastropubs and craft cocktail bars. Mura, The Haymaker, Cameron Bar and Grill and Edwards Mill Bar and Grill among them. More than 1,000 employees at its peak.

  • Grew Mura from $1.5M to more than $3M in annual revenue in about a year
  • NCRLA Restaurateur of the Year, 2017
  • TBJ 40 Under 40, 2015
Early 2000s

Pi Bar

The first brick-and-mortar business, opened senior year at NC State. When it struggled, a hard look at the market and a rebrand for the student crowd turned it into a nightlife destination.

Co-founder

Social House Vodka

A spirits brand co-founded during the Eschelon years.

2020

Hope for Hospitality

Co-launched during COVID-19 to give out-of-work hospitality workers a free meal every weekday.

From the writing

Why operators make better investors.