Partners plan for redevelopment of warehouse row
Published: October 29,2012
CORINTH — A block of old warehouse buildings is getting a makeover in a redevelopment plan by a partnership in Corinth.
The Daily Corinthan reports Trey Albright and Stuart Green recently acquired the buildings in the 100 block of Wick Street, along with several buildings in the area, with plans to renovate them for rent.
Albright and Green have collaborated on other downtown properties and had their eyes on Wick Street, with its declining buildings, for some time.
Albright says the area should be a prime location for restaurants or retail space.
“We want it to be as nice as it can be and be affordable for people,” he said. “I want to have a nice space that people can afford to bring traffic in for more business for a bigger tax base.”
The city removed the area from the Downtown Historic District a couple of years ago with hope of prompting development.
“That area was and still is dominated by buildings mostly in ruin and beyond reasonable possibility of restoration,” said Robert Gray, chairman of the Corinth Preservation Commission. “The buildings in that area have little individual architectural quality, but the district as a whole definitely has a historic quality.”
The partners also acquired a two-story building across the street from the warehouses and the old King-Norman Wholesale building nearby.
The first phase of their plans is to renovate the 100 block of Wick where Albright said two tenants have committed to open. He would not identify them pending their own announcements.
Old lumber from the circa-1900 buildings is being saved where possible, and the plan is to use wood for the windows and a barn door look for the entries.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Canadian company purchasing Southern Lumber for nearly $50M
- Winchester lands $50M ammunition contract from Homeland Security
- Lawmakers question education leaders about escalating administrative costs
- Deer processors need to use caution to insure safe, tasty venison
- Peavey Electronics reorganizing under new globalization plan
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- C Spire completes acquisition of MegaGate Broadband
- Columbia Parachute expanding, relocating to BusinessPlex
- Tourism conference being held on Coast; industry to ask state for more money