Easter Week: Rocky Mount, NC – Beautiful Day on Main Street. Gorgeous pink Iris blooming in my garden. The gift of Lent this year; to realize that I need to stip away things, that in the end, do not matter. Monday night’s Council meeting (4-22-19) threatened to reel me in with the “How dare you” speech, and what followed afterward, but today I am sitting on a Main Street bench celebrating a new investor who is helping save Main Street. You and I, we must keep our eye on the ball and let those in charge of investigating bad manners and self-serving decisions bring the bad gals and guys to justice. (Definition of keeping one’s eye on the ball: to continue thinking about or giving attention to something important: to stay focused.)
Join Andrew Clark, Rental Property Investor from Raleigh, NC sitting with me on a bench out in front of his two newly acquired commercial buildings on SE Main Street. Andrew lives in Raleigh with his wife, who is a scientist at RPT, and a new December born baby. He was drawn to the affordability of our Main Street property for investment. Now, this is important!
Andrew shares with us: Active investors are all over Rocky Mount. I can personally attest to having friends who have in the last 18 months purchased 15 + downtown commercial buildings, 150+ single family homes, and many multifamily units. My wife and I bought two commercial properties on Main St (Music City & Lights buildings). We are currently doing full gut rehabs on both buildings financed by a local Rocky Mount bank. We will have two 2000sqft+ luxury lofts on the second floors and two commercial spaces on the bottom. We plan to attract restaurants on the bottom of each of these buildings.
The Rocky Mount story as seen and told through Andrew’s eyes calls to other investors and should energize us anew to believe in the revitalization of downtown. Rocky Mount has opened its 165,000 sqft indoor Event Center which can seat 4000+ people. It is literally 2.5 blocks from my buildings. That will become an economic powerhouse of the downtown area. The Event Center is NCAA certified, can host 16 volleyball courts, 8 basketball courts, music concerts, and has a video arcade, a ropes course. All of this is walkable to downtown.
Rocky Mount Mill has purchased entire streets and renovated all the houses (front porch rockers and kegerator included in all houses), they have 60+ condos they are currently renting/renovating inside the mill, and they have a community of 20+ TINY HOUSES they will be renting out soon. It not only sounds wonderful when Andrew talks about Rocky Mount, but it is wonderful. This is a fraction of other properties and projects that are being worked on in and around Main Street. (MacHaven is opening soon, one of the stars in Rocky Mount’s architectural crown.) We are blessed to have investors like Andrew Clark, saving two more buildings – Hallaluh!
NEXT TIME – Paul Bynum Kyser and family and the Kyser Drugstore