Pair of showrooms set for October
By Larry Thomas -- Furniture Today, March 28, 2004
HIGH POINT — HIGH POINT — Developers are working on a pair of furniture showroom projects here set to open for the October market.
Center Point's owners have purchased a vacant building at Centennial and Russell streets they plan to transform into 128,000 square feet of new exhibit space.
At 212 North Main St., in a 100-year-old building that was the former Beeson Hardware, renovations will begin in early April on a project that will include 8,000 square feet of showroom space, on-site parking and several executive condominiums.
Center Point on Centennial will be an addition to the complex that also includes the 275,000-square-foot Center Point on South Hamilton Street and the 80,000-square-foot Center Point on Manning. All are owned principally by Mississippi businessman Lynn Davis, president of upholstery manufacturer Astro-Lounger.
Lynn Underwood, sales coordinator and property manager for Center Point, said that about 98,000 square feet of the two-story Centennial site will be available for the October market and the remainder will be ready for April 2005. She said most of the new space already is leased, and believes the facility will be fully leased by October.
"Our other properties have been 100% leased since the day we opened … and I don't think this one will be any different," Underwood said.
Tenants' names have not yet been released.
The 212 North Main project will have a showroom on the ground floor and condos on the upper three stories, said Ivan Garry, a broker with Brown Investment Properties who is overseeing sales and leasing. The showroom will have entrances on Main and Wrenn streets.
"For years, I've thought that reasonably priced residential condominiums in downtown High Point would be in high demand for market participants," Garry said.
He said the project should be completed in time for the October market. Fourteen one- and two-bedroom condos will range from 700 square feet to 1,540 square feet and prices will range from $109,900 to $267,900. Some units will have exposed-brick interior walls, vaulted ceilings and hardwood floors.
"I believe this limited number of downtown housing units will be very popular, as will the showroom space," Garry said.
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