Revitalization
boosters in downtown Fayetteville have won a major
victory with the announcement that one of the city's
largest empty buildings may soon be filled.
Western
wear retailer Otto Meier has purchased the former A&T
Grocery building at the corner of Jeff Davis Drive and
Ga. Highway 54 west, which has been vacant for about two
years. Purchase price was reportedly $650,000.
"This
is exciting news," said Sherri Anderson, director of
Main Street Fayetteville, a program aimed at historic
preservation, revitalization and building a sense of
community in the city's downtown area. "We're hoping
some really neat businesses can go in there," she
added.
Owners
vacated the 10,000-sq. ft. building soon after it opened
in 1997 as a new home for a small grocery that had
occupied the corner for years. SouthTrust Bank, holder of
the construction loan, took over ownership.
Over the
last two years, city officials said, there was a lot of
interest from potential buyers, but the store, ideally
situated at the westbound entrance to Fayetteville, was
too large for some, too small for others.
The Wiley
Real Estate Group took over marketing of the property
three months ago and handled the sale to Meier. The
company will continue to work for Meier, leasing and
managing the property.
Johnny
Easterling, broker for the company, said he will try to
find a single lessor, rather than breaking up the
building into smaller stores or offices.
The
building could be used for either retail or office
activity, he said.
Lease price
will probably be in the range of $9.50 a square foot, he
said.
"We've
had several bites on it already," said a spokesman
for the company.
Meier,
owner of the national Western Stores retail chain, is
currently in the process of opening a new Horsetown
clothing store in Locust Grove, Ga., said Anderson.
"He's
very enthusiastic about this building," Anderson
said of Meier.
Local
leaders have expressed concern about the growing number
of vacant buildings in Fayetteville, as large retailers
like Wal-Mart have moved out to the new Fayette Pavilion
shopping center.
The A&T
sale is welcome news, said Anderson, adding that it
dovetails nicely with the city's street scape improvement
plans.
Within the
next few weeks, crews should begin installing brick
sidewalks and period street lights along Hwy. 54 in front
of the store.
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Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…