Arbor Acres Retirement Community broke ground on a $55 million project to add 56 independent-living apartments to its 330-unit Winston-Salem campus. The start of work follows months of negotiations related to traffic concerns reported by Reynolda Park neighorhood residents and city officials. Frank L. Blum Construction is the contractor.
Morrisville-based Tenax Therapeutics, which focuses on cardiovascular and pulmonary diseases, raised nearly $10 million from an undisclosed investor. The company recently tapped Christopher Giordanao, who previously worked at Iqvia, as CEO. He succeeds Anthony DiTono, who retired. Tenax raised $5 million last year.